Real Estate News Value of m2 in the GBA

BuySellBA · Nov 22, 2023

Value of m2 in the GBA - Reporte Inmobiliario

November 22, 2023

Minimum, maximum and average values as of October in the main GBA parties based on 14,448 offers that make up the Real Estate Report base

Based on 14,448 reliable cases of used apartments on offer for sale published during the month of October 2023, the average value per square meter of the entire offer as a whole was located at 1,694 U$S/m2 for the studio apartments. and 1,500 U$S/m2 for one-bedroom units, while for 3- and 4-room units the average price was 1,297 U$S/m2 and 1,221 U$S/m2 respectively.

Compared to the quotes existing a year ago, the value per m2 was reduced by 3.5% in the case of studio apartments and by 6.83% and 5.54% in 1- and 2-bedroom units respectively. The sharpest year-on-year drop was seen in 4-room units since the current price is 11.20% lower than that of October 2022.

The data arises from applying the resources allowed by new technologies to collect thousands of data with which, after a rigorous filtering process, Real Estate Report updates the databases with which it develops its interactive Market Analytics and Market Valuation tools.

The average, minimum and maximum values, along with the number of cases, can be seen in detail and by party, in the following tables for used 1, 2, 3 and 4-room apartments.