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The unexpected performance of apartment prices in the northern zone - La Nacion Propiedades
Source:
www.lanacion.com.ar
April 10, 2025
In a real estate market that is slowly recovering, prices are witnessing this growth.
By Maria Josefina Lanzi
Apartment prices in the northern zone have already increased by more than half of their total price increase in 2024.Ricardo Pristupluk
The square meter of publishing stopped falling in 2023 and resumed its upward trend last year. What few expected was that in the first three months of 2025, prices in the northern zone would rise by more than half of what they had increased in 2024 .
This was indicated by the latest report from Zonaprop, which surveys apartment prices in northern GBA. The figures show that the listed square meter rose 0.9% in March, reaching US$2,280/m².
The striking fact is that it increased by 2.2% in three months, while it only rose by 3.1% in all of 2024. In other words, in the first quarter of this year, it already increased by more than half of what it grew in the entire previous year.
In three months, the square meter of publishing increased by 2.2%, while in all of 2024 it rose by only 3.1%.Alejandro Guyot
“I agree that listing prices have increased, although people are not necessarily approving certain increases ,” shares Santiago Mieres, from the eponymous real estate agency, and explains that owners who previously waited to list their properties are now putting them back on the market, at prices higher than 2024. “ These owners see that there is less supply and that prices, in general, are following an upward trend and, perhaps, they need to get rid of the property, so they are encouraged to list their property at higher prices,” he adds.
The broker also emphasizes that closing prices have indeed increased , as negotiation margins "are practically non-existent for smaller products - from US$150,000 to US$300,000." Daniel Salaya Romera, from the real estate agency of the same name, agrees with Mieres that negotiation is almost non-existent today and assures that "two years ago it was normal to hear counteroffers of 10%, 12% or 15%; today, a large percentage of sales are closed at the listed price . "
"We're not surprised by the rise in real estate values; we're experiencing a period of market expansion, and at a faster pace than in recent years," shares Laura Porto, director of Inmobiliaria Narvaez. She explains that this growth is driven by the expansion of mortgage lending , which is significantly boosting the market by converting potential inactive demand into concrete transactions, which also generates more chain purchases.
In Salaya Romera's words: "For every property sold on credit, that translates into two or three more sales." Porto adds that money laundering and regulatory measures such as the repeal of the rental law also played a role in the rise in values; the latter generated "a more secure environment for investors and buyers, with historical rental yields between 4% and 5%."
He points out that rising prices due to increased construction costs are also pushing up used car prices. Indeed, according to data from Zonaprop, there has been a cumulative increase of 108% since October 2023. For his part, he points out that "demand is validating prices, although it is not a boom."
Added to this is the fact that many properties that were for sale during the rental law are now being offered for rent again, as the new rules make them a more attractive investment.
If we analyze the neighborhoods, Vicente López leads the ranking with the most expensive listings , at US$3,459/m². La Lucila (US$3,435/m²) and Olivos (US$3,045/m²) complete the podium. Barrio Infico has the cheapest listings, at US$916/m². José C. Paz Centro (US$984/m²) and José C. Paz Oeste (US$991/m²) follow.
If the analysis is extended to profitability, the neighborhoods with the highest return on investment are San Miguel (7.9%), Belén de Escobar (7.7%), and San Andrés (7.6%) . If the analysis is extended to the areas with the lowest profitability, La Lucila tops the list, with 3.8%. It is followed by Vicente López (4%) and Nordelta (4.3%).
The average for the northern region shows that the rent-to-price ratio has slightly declined , reaching 4.83% annually. Renting takes 20.7 years to repay the purchase investment, 22% less than a year ago.
www.buysellba.com
Source:
El inesperado comportamiento que tuvieron los precios de los departamentos de zona norte
En un mercado inmobiliario que poco a poco se va recuperando, los precios son testigos de ese crecimiento
www.lanacion.com.ar
April 10, 2025
In a real estate market that is slowly recovering, prices are witnessing this growth.
By Maria Josefina Lanzi
Apartment prices in the northern zone have already increased by more than half of their total price increase in 2024.Ricardo Pristupluk
The square meter of publishing stopped falling in 2023 and resumed its upward trend last year. What few expected was that in the first three months of 2025, prices in the northern zone would rise by more than half of what they had increased in 2024 .
This was indicated by the latest report from Zonaprop, which surveys apartment prices in northern GBA. The figures show that the listed square meter rose 0.9% in March, reaching US$2,280/m².
The striking fact is that it increased by 2.2% in three months, while it only rose by 3.1% in all of 2024. In other words, in the first quarter of this year, it already increased by more than half of what it grew in the entire previous year.
In three months, the square meter of publishing increased by 2.2%, while in all of 2024 it rose by only 3.1%.Alejandro Guyot
“I agree that listing prices have increased, although people are not necessarily approving certain increases ,” shares Santiago Mieres, from the eponymous real estate agency, and explains that owners who previously waited to list their properties are now putting them back on the market, at prices higher than 2024. “ These owners see that there is less supply and that prices, in general, are following an upward trend and, perhaps, they need to get rid of the property, so they are encouraged to list their property at higher prices,” he adds.
The broker also emphasizes that closing prices have indeed increased , as negotiation margins "are practically non-existent for smaller products - from US$150,000 to US$300,000." Daniel Salaya Romera, from the real estate agency of the same name, agrees with Mieres that negotiation is almost non-existent today and assures that "two years ago it was normal to hear counteroffers of 10%, 12% or 15%; today, a large percentage of sales are closed at the listed price . "
"We're not surprised by the rise in real estate values; we're experiencing a period of market expansion, and at a faster pace than in recent years," shares Laura Porto, director of Inmobiliaria Narvaez. She explains that this growth is driven by the expansion of mortgage lending , which is significantly boosting the market by converting potential inactive demand into concrete transactions, which also generates more chain purchases.
In Salaya Romera's words: "For every property sold on credit, that translates into two or three more sales." Porto adds that money laundering and regulatory measures such as the repeal of the rental law also played a role in the rise in values; the latter generated "a more secure environment for investors and buyers, with historical rental yields between 4% and 5%."
He points out that rising prices due to increased construction costs are also pushing up used car prices. Indeed, according to data from Zonaprop, there has been a cumulative increase of 108% since October 2023. For his part, he points out that "demand is validating prices, although it is not a boom."
Added to this is the fact that many properties that were for sale during the rental law are now being offered for rent again, as the new rules make them a more attractive investment.
What are the prices in different neighborhoods?
A one-bedroom apartment with 50 m² is offered for an average purchase price of US$112,164 in the northern zone. If you're looking for something larger, three- bedroom apartments with an average of 70 m² can be found for US$170,316 .If we analyze the neighborhoods, Vicente López leads the ranking with the most expensive listings , at US$3,459/m². La Lucila (US$3,435/m²) and Olivos (US$3,045/m²) complete the podium. Barrio Infico has the cheapest listings, at US$916/m². José C. Paz Centro (US$984/m²) and José C. Paz Oeste (US$991/m²) follow.
If the analysis is extended to profitability, the neighborhoods with the highest return on investment are San Miguel (7.9%), Belén de Escobar (7.7%), and San Andrés (7.6%) . If the analysis is extended to the areas with the lowest profitability, La Lucila tops the list, with 3.8%. It is followed by Vicente López (4%) and Nordelta (4.3%).
The average for the northern region shows that the rent-to-price ratio has slightly declined , reaching 4.83% annually. Renting takes 20.7 years to repay the purchase investment, 22% less than a year ago.
www.buysellba.com
