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"There are opportunities to buy properties": These are the neighborhoods where used apartments are still being sold cheaply - La Nacion Propiedades
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www.lanacion.com.ar
April 04, 2025
A report revealed which neighborhoods are worth US$1,500 per square meter.
Which neighborhoods sell for used apartments for less than US$1,500/m2?Daniel Basualdo
The price per square meter of real estate began to rise last year, and everything suggests this trend will continue. However, some neighborhoods still have a supply of used apartments at unthinkable prices, suggesting opportunities.
The square meter of publishing rose 6.8% in 2024, according to Zonaprop figures, after five years of no growth. Indeed, between 2019 and 2023, values fell 24%, but a change in the cycle began in mid-2023: prices stopped falling and then began to rise in 2024.
The square meter of publishing increased by 6.8% in 2024Daniel Basualdo
A few days ago, one of the most popular economic analysts among businesspeople and financial agents, Esteban Domecq , predicted that property prices would rise by up to 40%. He clarified that it's difficult to know how long it will take, but explained that "it could easily be two, three, or four years." Furthermore, according to a February report by Reporte Inmobiliario, "unlike the previous quarter, no neighborhood is showing stability or declining values; all are rising."
In this context, and at a time when the average square meter of used listing in Buenos Aires is US$2,396, according to Zonaprop data from March, and the closing price (for one to three rooms) is US$2,099, according to the Real Estate Report based on January data, areas that maintain a value below these averages are attracting attention.
“ These are truly bargain prices, very low. I doubt these prices will be sustained for much longer, and anyone buying at these prices is very unlikely to regret it tomorrow,” says Germán Gómez Picasso, founder of Reporte Inmobiliario, adding: “You also have to take into account the current rental prices, so anyone buying at these prices will be getting a very good return.”
Several neighborhoods defend square meter values below US$1,500, in 2 and 3-room units, located in the City of Buenos Aires.Daniel Basualdo
The report clarifies that the survey refers to offer prices, since "when we look at closing prices, we are seeing a more marked improvement month after month, so, as we have been saying for several months now, both trends will need to be monitored closely."
The neighborhoods where apartments are found for less than 1500/m² are the following:
To put it another way, real estate stock absorption shows how long it might take for what's on offer on the market to be sold. The number is obtained by taking the total property stock (what's listed on a real estate portal in a given month), dividing it by the average number of sales transactions being made, and then dividing it by 12. Thus, if you take Zonaprop's stock of properties for sale in December (which averaged 103,000 units), divide it by 5,800 (the monthly average of deeds executed in the last six months of 2024) and divide it by 12, the result is 1.5.
In other words, the absorption time for the real estate supply in December 2024 was 1.5 years, seven times lower than the maximum (10.3 years in mid-2020) and "also below the historical average, which is 3 years," says Fabián Achával of the eponymous real estate agency. In other words, in December it took 1.5 years to sell all the properties listed at that time on Zonaprop, while in mid-2020 that number rose to more than 10 years, according to figures from Radar Inmobiliario.
This is a key indicator in the real estate market, as it measures existing demand and the speed at which properties are sold. In this specific case, "it represents a significant improvement because it is slowly approaching the period prior to the boom in UVA loan transactions, when the entire stock was sold in less than a year ," Achával concludes.
www.buysellba.com
Source:
“Hay oportunidades para comprar propiedades”: estos son los barrios en los aún hay departamentos usados que se venden baratos
Un informe reveló cuáles son los barrios en los que el metro cuadrado defiende los US$1500
www.lanacion.com.ar
April 04, 2025
A report revealed which neighborhoods are worth US$1,500 per square meter.
Which neighborhoods sell for used apartments for less than US$1,500/m2?Daniel Basualdo
The price per square meter of real estate began to rise last year, and everything suggests this trend will continue. However, some neighborhoods still have a supply of used apartments at unthinkable prices, suggesting opportunities.
The square meter of publishing rose 6.8% in 2024, according to Zonaprop figures, after five years of no growth. Indeed, between 2019 and 2023, values fell 24%, but a change in the cycle began in mid-2023: prices stopped falling and then began to rise in 2024.
The square meter of publishing increased by 6.8% in 2024Daniel Basualdo
A few days ago, one of the most popular economic analysts among businesspeople and financial agents, Esteban Domecq , predicted that property prices would rise by up to 40%. He clarified that it's difficult to know how long it will take, but explained that "it could easily be two, three, or four years." Furthermore, according to a February report by Reporte Inmobiliario, "unlike the previous quarter, no neighborhood is showing stability or declining values; all are rising."
In this context, and at a time when the average square meter of used listing in Buenos Aires is US$2,396, according to Zonaprop data from March, and the closing price (for one to three rooms) is US$2,099, according to the Real Estate Report based on January data, areas that maintain a value below these averages are attracting attention.
Which neighborhoods have opportunities for used apartments?
According to the same Real Estate Report cited above, several neighborhoods in the city of Buenos Aires are currently boasting square meter prices below US$1,500 for one- and two-bedroom units. These include Boedo, Floresta, Parque Avellaneda, San Nicolas (downtown), San Telmo, and Villa Crespo .“ These are truly bargain prices, very low. I doubt these prices will be sustained for much longer, and anyone buying at these prices is very unlikely to regret it tomorrow,” says Germán Gómez Picasso, founder of Reporte Inmobiliario, adding: “You also have to take into account the current rental prices, so anyone buying at these prices will be getting a very good return.”
Several neighborhoods defend square meter values below US$1,500, in 2 and 3-room units, located in the City of Buenos Aires.Daniel Basualdo
The report clarifies that the survey refers to offer prices, since "when we look at closing prices, we are seeing a more marked improvement month after month, so, as we have been saying for several months now, both trends will need to be monitored closely."
The neighborhoods where apartments are found for less than 1500/m² are the following:
- Barracas : US$1420/m²
- Boedo : US$1480/m²
- Constitucion : US$1270/m²
- Floresta : US$1400/m²
- La Boca: US$1215/m²
- Liniers: US$1350/m²
- Mataderos : US$1385/m²
- Montserrat : US$1,470/m²
- Nueva Pompeya: US$1,320/m²
- Once : US$1405/m²
- Parque Avellaneda : US$1,455/m²
- Parque Chacabuco : US$1,365/m²
- Parque Patricios : US$1270/m²
- San Cristobal: US$1290/m²
- San Nicolas (center): US$1,425/m²
- San Telmo: US$1,345/m²
- Villa Crespo: US$1,460/m²
Properties today sell 7 times faster than a few years ago.
The increase in square footage isn't the only factor in the real estate market ; several indicators also show the sector is on fire. 2024 closed with nearly 55,000 sales in the city of Buenos Aires, representing a 35% increase compared to 2023, and the best December in 17 years, with 7,667 transactions. Now, another market indicator also bodes well for the sector: the absorption time of the supply of properties for sale.To put it another way, real estate stock absorption shows how long it might take for what's on offer on the market to be sold. The number is obtained by taking the total property stock (what's listed on a real estate portal in a given month), dividing it by the average number of sales transactions being made, and then dividing it by 12. Thus, if you take Zonaprop's stock of properties for sale in December (which averaged 103,000 units), divide it by 5,800 (the monthly average of deeds executed in the last six months of 2024) and divide it by 12, the result is 1.5.
In other words, the absorption time for the real estate supply in December 2024 was 1.5 years, seven times lower than the maximum (10.3 years in mid-2020) and "also below the historical average, which is 3 years," says Fabián Achával of the eponymous real estate agency. In other words, in December it took 1.5 years to sell all the properties listed at that time on Zonaprop, while in mid-2020 that number rose to more than 10 years, according to figures from Radar Inmobiliario.
This is a key indicator in the real estate market, as it measures existing demand and the speed at which properties are sold. In this specific case, "it represents a significant improvement because it is slowly approaching the period prior to the boom in UVA loan transactions, when the entire stock was sold in less than a year ," Achával concludes.
www.buysellba.com
