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The real increase in prices for used apartments was revealed - La Nación Propiedades
Source:
www.lanacion.com.ar
January 15, 2025
The closing price of apartments was below US$2000/m2 in the city of Buenos Aires; the values in each neighborhood
The figures reflect a market on the path to consolidation by 2025 Indypendenz - Shutterstock
The real estate market continues to show signs of recovery , after years of falling prices and stagnation - starting with the pandemic - 2024 was a year of transition , with the return of mortgage credit ( 23 banks have already launched their UVA lines ) and the announcement of the Asset Regulation Regime, better known as money laundering . In December, the real average price per square meter for used studio- to two-bedroom apartments in the city of Buenos Aires reached US$1,975/m² , marking an increase of 10.4% compared to the same month of the previous year. However, despite this increase, values are 9.54% below those registered in January 2020 , at the beginning of the series.
The report, carried out by CEMA, RE/MAX Argentina and Reporte Inmobiliario , reveals the closing prices of used units ranging from one to three rooms . In this sense, the average price reached US$1,975/m² . When detailing the differences between each typology, in the sales of studio apartments a closing price of US$2,136/m² was recorded (the highest), while the closing value of the two and three room units was US$1,981/m² and US$1,836/m² , respectively.
The gap between the published price and the final closing value , known as the counteroffer range, stood at 4.45% on average . This margin, although slightly higher than the 4.15% recorded in November 2024, remains below 5% for the ninth consecutive month, a sign of less flexibility in negotiations.
“If the current scenario continues, with inflation falling and exchange rate stability, the real estate market in 2025 will have a better performance than last year, which was already excellent,” explains Fabián Achával, from the real estate company of the same name, who had anticipated an average increase in closing prices of 10%.
The gap between the published price and the final closing value, known as the counteroffer range, stood at 4.45% on average. Daniel Basualdo
This market reactivation was reflected in the increase in the number of purchase and sale transactions completed: in November 2024, 5,755 deeds were closed in the city of Buenos Aires, more than 41.5% than in the same period in 2023, according to data provided by the Buenos Aires Notary Association, which excites experts, who expect the year to close with a minimum of 52,000 deeds, the best number since 2018. Of these transactions, almost 16% (950 deeds) were carried out with a mortgage , which shows the influence of new loans on market activity .
In this context, the market shows that prices could continue to rise and even match or exceed the year-on-year increase of the last month of 2024. These are data that encourage brokers and push interested parties to decide to put their properties up for sale and close a transaction without speculating on possible drops in values.
The stabilization of the counter-supply and the appreciation in the most sought-after neighborhoods could indicate a market on the way to consolidation by 2025.
www.buysellba.com
Source:
Se conoció el aumento real que tuvieron los precios de los departamentos usados
El valor de cierre de departamentos se ubicó por debajo de los US$2000/m2 en la ciudad de Buenos Aires; los valores en cada barrio
www.lanacion.com.ar
January 15, 2025
The closing price of apartments was below US$2000/m2 in the city of Buenos Aires; the values in each neighborhood
The figures reflect a market on the path to consolidation by 2025 Indypendenz - Shutterstock
The real estate market continues to show signs of recovery , after years of falling prices and stagnation - starting with the pandemic - 2024 was a year of transition , with the return of mortgage credit ( 23 banks have already launched their UVA lines ) and the announcement of the Asset Regulation Regime, better known as money laundering . In December, the real average price per square meter for used studio- to two-bedroom apartments in the city of Buenos Aires reached US$1,975/m² , marking an increase of 10.4% compared to the same month of the previous year. However, despite this increase, values are 9.54% below those registered in January 2020 , at the beginning of the series.
The report, carried out by CEMA, RE/MAX Argentina and Reporte Inmobiliario , reveals the closing prices of used units ranging from one to three rooms . In this sense, the average price reached US$1,975/m² . When detailing the differences between each typology, in the sales of studio apartments a closing price of US$2,136/m² was recorded (the highest), while the closing value of the two and three room units was US$1,981/m² and US$1,836/m² , respectively.
The gap between the published price and the final closing value , known as the counteroffer range, stood at 4.45% on average . This margin, although slightly higher than the 4.15% recorded in November 2024, remains below 5% for the ninth consecutive month, a sign of less flexibility in negotiations.
“If the current scenario continues, with inflation falling and exchange rate stability, the real estate market in 2025 will have a better performance than last year, which was already excellent,” explains Fabián Achával, from the real estate company of the same name, who had anticipated an average increase in closing prices of 10%.
The gap between the published price and the final closing value, known as the counteroffer range, stood at 4.45% on average. Daniel Basualdo
This market reactivation was reflected in the increase in the number of purchase and sale transactions completed: in November 2024, 5,755 deeds were closed in the city of Buenos Aires, more than 41.5% than in the same period in 2023, according to data provided by the Buenos Aires Notary Association, which excites experts, who expect the year to close with a minimum of 52,000 deeds, the best number since 2018. Of these transactions, almost 16% (950 deeds) were carried out with a mortgage , which shows the influence of new loans on market activity .
In this context, the market shows that prices could continue to rise and even match or exceed the year-on-year increase of the last month of 2024. These are data that encourage brokers and push interested parties to decide to put their properties up for sale and close a transaction without speculating on possible drops in values.
Neighborhood by neighborhood values
As for the main neighborhoods of CABA , taking as a reference the closing value per m² of a one-bedroom apartment, Palermo is positioned as the neighborhood with the highest closing price , with US$2,587/m² ; followed by:- Núñez: US$2552/m²
- Belgrano: US$2494/m²
- Villa Urquiza: US$2426/m²
- Recoleta: US$2320/m²
- Caballito: US$2039/m²
- Villa Crespo: US$2022/m2
- Almagro: US$1851/m²
- Flores: US$1609/m²
- Balvanera: US$1478/m²
The stabilization of the counter-supply and the appreciation in the most sought-after neighborhoods could indicate a market on the way to consolidation by 2025.
www.buysellba.com
