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Two-bedroom apartments: why demand has grown and how much they are worth in each neighborhood of CABA - Infobae
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Departamentos de tres ambientes: por qué creció la demanda y cuánto valen en cada barrio de CABA
El crédito hipotecario impulsa la demanda de unidades con dos dormitorios y refleja un cambio en las preferencias de los compradores. Actualmente, más de 20.000 propiedades, entre usadas y a estrenar, están en venta en los distintos barrios porteños
www.infobae.com
November 27, 2024
Mortgage lending is driving interest in two-bedroom units and reflects a change in buyer preferences. Currently, more than 20,000 properties, both used and brand new, are for sale in the various neighborhoods of Buenos Aires.
By Jose Luis Cieri
Two-bedroom apartments in CABA average 65 m2 and can be found in all neighborhoods of the city for sale and purchase.
In the city of Buenos Aires, the demand for two-bedroom apartments has shown a sustained increase since mortgage loans were reintroduced , which has sparked the interest of both end users and investors. Currently, it is estimated that there are more than 20,000 units of this type, both used and brand new, on the sales market.
This type of housing, which has historically been the most sought after ( because in recent years the number of tenants in the city has increased ), is once again taking centre stage in the real estate sector, in a context marked by fluctuations in supply and changes in rental regulations.
The sector observes that those who have savings or receive financial help from their parents prefer to buy rather than rent, which is gradually making the latter option lose interest. Added to this is the expansion of the credit offer, which increases the possibility of access to housing. This occurs after overcoming the crisis moments of 2022 and 2023, when the rental offer had fallen to historic levels.
Soledad Balayan , from Maure Inmobiliaria, confirmed to Infobae that “demand to buy two-bedroom apartments has never stopped being high.”
Since the market has been tracking, two-bedroom properties have been the most popular, although at other times the investment segment in rental properties was more balanced.
However, the Rental Law negatively affected this type of investment, redirecting demand towards other options. “With the implementation of the DNU at the beginning of the year, interest in one- and two-room units for rental was reactivated,” added Balayan.
Regarding prices, Balayan said that the market still shows great variability, making it difficult to establish an exact average value. However, he stressed that for a well-located three-room apartment, in a relatively modern building, with features such as a balcony, separate laundry room, full bathroom and toilet, the values registered a nominal increase of 10% compared to 2022.
“This applies especially to units in very good condition and on high floors, which continue to be the most sought after,” he added.
Another key factor driving demand for these apartments is their versatility. “The two-bedroom apartment is ideal for families just starting out, and it is also very attractive for couples without children looking for a second bedroom as a workspace for a home office ,” explained Balayan.
Furthermore, the availability of mortgage loans for these types of properties remains an important incentive for buyers looking to own their own home.
Despite the crisis of the last five years, two-bedroom apartments have maintained a constant demand. Balayan pointed out that, since 2019, they have been the most sold. However, one-bedroom apartments are gaining ground as an investment, driven by an upturn in the supply of rentals and the drop in rental prices. “The DNU reactivated interest in rental properties, balancing the market,” he added.
Young demand
The intention to buy two-bedroom apartments is mainly driven by young families looking to expand their living space. It is ideal for couples who, after living in a one-bedroom apartment, decide to expand when they have a child.
Mortgage loans boosted demand for three-room apartments (Illustrative Image Infobae)
Hernán Perrone , from Re/Max Parque, said that “it is very common to see this transition, especially now that some mortgage loans are starting to be activated, which allows many people to add a room or a few more square meters.”
One - and two-bedroom properties are those that appreciate the most in the short term. Regarding the gap between the listed prices and the actual sales prices, Perrone said that this difference is partly due to the local negotiation culture.
“To reduce this gap, it would be ideal if demand were to strengthen, reducing the need for extensive negotiations. However, in the current context, buyers are still accustomed to haggling, and only in markets with high demand, such as during the UVA credit period of 2017/2018, did some come close to the published price,” he added.
Values
Below are the average prices for used 2-bedroom apartments for sale in CABA, for units starting at more than 60 square meters, according to Reporte Inmobiliario and Cabaprop.Puerto Madero : USD 350,000.
Palermo : USD 195,500.
Recoleta : USD 190,000.
Belgrano : USD 165,000.
Retiro: USD 160,000.
Nuñez : USD 149,500.
Villa Urquiza : USD 149,000.
Saavedra : USD 148,500.
Colegiales : USD 133,000.
Coghlan : USD 130,000.
Caballito : USD 129,900.
Villa Devoto : USD 129,500.
Parque Chas : USD 125,000.
Almagro : USD 123,000.
Villa Crespo : USD 120,000.
Villa Del Parque : USD 120,000.
Chacarita : USD 115,000.
Monte Castro : USD 115,000.
Barracas : USD 115,000.
Villa Ortúzar : USD 117,500.
Agronomy : USD 117,000.
San Telmo : USD 110,000.
Parque Chacabuco : USD 110,000.
Villa Pueyrredón : USD 110,000.
San Nicolas : USD 109,450.
Villa Luro : USD 108,000.
Boedo : USD 107,000.
La Paternal : USD 107,500.
Versalles : USD 102,500.
Flores : USD 102,000.
Villa Santa Rita : USD 99,000.
Montserrat : USD 99,000.
Liniers : USD 99,000.
Villa General Mitre : USD 95,000.
Balvanera : USD 94,900.
San Cristobal: USD 90,000.
Mataderos : USD 89,450.
Floresta : USD 89,000.
Parque Avellaneda : USD 81,500.
Parque Patricios : USD 80,500.
La Boca : USD 73,000.
Constitucion : USD 72,000.
Pompeya : USD 66,000.
Villa Lugano : USD 50,000.
Soldati : USD 44,000.
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