BuySellBA
Administrator
Which apartments were always the most expensive and are now “cheaper”? - La Nación Propiedades
Source:
www.lanacion.com.ar
January 29, 2025
The sale prices of apartments in the City of Buenos Aires have risen again and some of them are positioned as more attractive for purchase,
The average square meter in the city grew by 0.6% in January and stood at US$2,339 Shutterstock
The number of square meters of property listed in the City of Buenos Aires has risen again , accumulating a 7% increase in one year. This is how the real estate market continues to recover, with prices slowly rising and an eager demand for square meters.
This was revealed by the numbers from the latest Zonaprop report, which stated that the average square meter in the city grew by 0.6% in January and stood at US$2,339, a level similar to that recorded in January 2022. In concrete numbers, an average studio apartment of 40 m² was priced at US$103,039, a one-bedroom apartment of 50 m² at an average price of US$123,785 and a two-bedroom apartment of 70 m² reached US$170,512.
The average price per square meter was US$2,339 per m2 in January Zonaprop
When analyzing the increases in each area, it is important to highlight that 96% of the neighborhoods registered an interannual increase in prices and 88% of them had increases in January. The neighborhoods in the north of the city are those with the highest increase, with Núñez, Colegiales and Villa Ortúzar leading the list with 13.4%, 13.3% and 12.9% interannual increases respectively.
Puerto Madero leads the ranking of the most expensive neighborhoods to buy, with a price of US$6,032 per m². It is followed by Palermo, with a price of US$3,235 per m² and Núñez, with a value of US$3,030 per m². On the other hand, Lugano is positioned as the most affordable neighborhood to sell, with a price of US$1,019 m². Next are Nueva Pompeya (1,396 dollars/m²) and Parque Avellaneda (1,508 dollars/m²).
The northern neighborhoods of the city are those with the greatest increase, with Núñez, Colegiales and Villa Ortúzar at the top of the list.Santiago Cichero/AFV
Industry experts agree that when the construction works began, which are currently delivering brand new apartments, construction prices were much lower; however, building today is more expensive, which pushes the price of apartments up. Indeed, the cost of construction in dollars has accumulated an increase of 103% since the presidential elections in October 2023. In other words, many of those who have recently finished goods bought them at the costs of the time of the previous government, when it was very cheap to build, so they are currently selling at a price that generates a difference with respect to what they put in. These are works that already have roads, although it is clear that they are selling below the replacement value.
96% of CABA neighborhoods register year-on-year increase Zonaprop
Thus, the average price per square meter in CABA today is US$2,828 , while the price of a brand new apartment is almost 2% lower, at US$2,773 . This speaks of opportunities to acquire brand new apartments, since, according to the published prices, they are currently in the lead.
The most common benefit of condominium apartments is the possibility of financing the unit during the construction process and paying for it in pesos. However, choosing a condominium apartment is not easy to predict, especially if one takes into account that Argentina is a country with macroeconomic cycles and exchange rate adjustments .
The main advantage of a finished apartment is that it can be taken over immediately , and if you want to make a profit, you can put up the rental sign right away. Another advantage is that the person who buys an apartment to live in is the first owner and represents a unique emotional value .
On the other hand, brand new apartments tend to be the most sought after, because they are generally in projects aligned with current trends, they are modern, attractive and have amenities . At the same time, it is one of the best alternatives if you also need the property to live in immediately. As for the difference with a used property , he clarifies that, although it has a higher cost, the value invested in the purchase remains at high levels for much longer, and when it comes time to sell, you will be favored in terms of time.
www.buysellba.com
Source:
Cuáles son los departamentos que siempre fueron los más caros y ahora “están más baratos”
Los precios de venta de los departamentos de la Ciudad de Buenos Aires volvieron a subir y algunos de ellos se posiciona como más atractivo para la compra,
www.lanacion.com.ar
January 29, 2025
The sale prices of apartments in the City of Buenos Aires have risen again and some of them are positioned as more attractive for purchase,
The average square meter in the city grew by 0.6% in January and stood at US$2,339 Shutterstock
The number of square meters of property listed in the City of Buenos Aires has risen again , accumulating a 7% increase in one year. This is how the real estate market continues to recover, with prices slowly rising and an eager demand for square meters.
This was revealed by the numbers from the latest Zonaprop report, which stated that the average square meter in the city grew by 0.6% in January and stood at US$2,339, a level similar to that recorded in January 2022. In concrete numbers, an average studio apartment of 40 m² was priced at US$103,039, a one-bedroom apartment of 50 m² at an average price of US$123,785 and a two-bedroom apartment of 70 m² reached US$170,512.
The average price per square meter was US$2,339 per m2 in January Zonaprop
When analyzing the increases in each area, it is important to highlight that 96% of the neighborhoods registered an interannual increase in prices and 88% of them had increases in January. The neighborhoods in the north of the city are those with the highest increase, with Núñez, Colegiales and Villa Ortúzar leading the list with 13.4%, 13.3% and 12.9% interannual increases respectively.
Puerto Madero leads the ranking of the most expensive neighborhoods to buy, with a price of US$6,032 per m². It is followed by Palermo, with a price of US$3,235 per m² and Núñez, with a value of US$3,030 per m². On the other hand, Lugano is positioned as the most affordable neighborhood to sell, with a price of US$1,019 m². Next are Nueva Pompeya (1,396 dollars/m²) and Parque Avellaneda (1,508 dollars/m²).
The northern neighborhoods of the city are those with the greatest increase, with Núñez, Colegiales and Villa Ortúzar at the top of the list.Santiago Cichero/AFV
Why is it a good time to buy a new apartment?
When analyzing the increases in sales prices, it is interesting to note that the apartments with the highest price increase were those with a 0.97% increase in January, while the new apartments grew only 0.66% and the used apartments grew 0.59%.The paradox
In general, brand new apartments tend to offer higher sales prices than those in a well or used ones, but, currently, there are unique cases concentrated in CABA.Industry experts agree that when the construction works began, which are currently delivering brand new apartments, construction prices were much lower; however, building today is more expensive, which pushes the price of apartments up. Indeed, the cost of construction in dollars has accumulated an increase of 103% since the presidential elections in October 2023. In other words, many of those who have recently finished goods bought them at the costs of the time of the previous government, when it was very cheap to build, so they are currently selling at a price that generates a difference with respect to what they put in. These are works that already have roads, although it is clear that they are selling below the replacement value.
96% of CABA neighborhoods register year-on-year increase Zonaprop
Thus, the average price per square meter in CABA today is US$2,828 , while the price of a brand new apartment is almost 2% lower, at US$2,773 . This speaks of opportunities to acquire brand new apartments, since, according to the published prices, they are currently in the lead.
The most common benefit of condominium apartments is the possibility of financing the unit during the construction process and paying for it in pesos. However, choosing a condominium apartment is not easy to predict, especially if one takes into account that Argentina is a country with macroeconomic cycles and exchange rate adjustments .
The main advantage of a finished apartment is that it can be taken over immediately , and if you want to make a profit, you can put up the rental sign right away. Another advantage is that the person who buys an apartment to live in is the first owner and represents a unique emotional value .
On the other hand, brand new apartments tend to be the most sought after, because they are generally in projects aligned with current trends, they are modern, attractive and have amenities . At the same time, it is one of the best alternatives if you also need the property to live in immediately. As for the difference with a used property , he clarifies that, although it has a higher cost, the value invested in the purchase remains at high levels for much longer, and when it comes time to sell, you will be favored in terms of time.
www.buysellba.com
