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Which are the northern neighborhoods where properties have dropped in price? - La Nacion Propiedades
Source:
September 17, 2024
This was shown in a market report for the month of August, which stated that six areas in the north of GBA registered a drop in listing prices.
In the northern zone, several areas registered a drop in property prices in August, one of them being EscobarNoelia Guevara
The real estate market has been showing signs of improvement, but the data for August revealed a surprise: in some neighborhoods in the northern area, listing prices fell, going against the upward trend of the last three months.
This was revealed by the Zonaprop report, which showed that the average price of a one-bedroom apartment in the northern zone was 2,221 dollars per square meter, which implies a decrease of 0.1% in August. Beyond this decrease, in 2024 it accumulates a 2.6%.
Looking at a more detailed analysis, there are six municipalities that registered this decrease in the value of m² in August: Escobar leads the podium , with a decrease of 1.2%, followed by San Fernando , with a decrease of 0.7%. The ranking continues with San Miguel (0.4%), Pilar (0.3%), Malvinas Argentinas (0.2%) and General San Martín (0.1%).
In this regard, José Rozados, director of Reporte Inmobiliario, points out: “Generally speaking, the average value does not decrease. It is always best to look at the trend and make comparisons at least quarterly and preferably annually.”
As for specific unit values, the report details that a one-bedroom apartment in the northern zone has an average value of US$110,473 , while a three-room apartment costs US$164,105.
A one-bedroom apartment has an average value of US$110,473 ALFIERI MAURO
On the other hand, specifically in San Fernando, Barrio Infico presents the most affordable offer , with an average value of US$952/m². Next on the list are José C. Paz Centro (US$959/m²) and Loma Hermosa (US$966/m²).
La Lucila is the most expensive neighborhood in the north zone and the Infico neighborhood is the most economical.Zonaprop
Regarding the locations, Belén de Escobar, San Miguel and San Andrés are the ones in the northern area with the highest profitability, with 6.1%, 5.4% and 5.2% gross return, respectively. On the other hand, La Lucila and Vicente López are the ones with the lowest profitability, with 3.3% return each.
www.buysellba.com
Source:
September 17, 2024
This was shown in a market report for the month of August, which stated that six areas in the north of GBA registered a drop in listing prices.
In the northern zone, several areas registered a drop in property prices in August, one of them being EscobarNoelia Guevara
The real estate market has been showing signs of improvement, but the data for August revealed a surprise: in some neighborhoods in the northern area, listing prices fell, going against the upward trend of the last three months.
This was revealed by the Zonaprop report, which showed that the average price of a one-bedroom apartment in the northern zone was 2,221 dollars per square meter, which implies a decrease of 0.1% in August. Beyond this decrease, in 2024 it accumulates a 2.6%.
Looking at a more detailed analysis, there are six municipalities that registered this decrease in the value of m² in August: Escobar leads the podium , with a decrease of 1.2%, followed by San Fernando , with a decrease of 0.7%. The ranking continues with San Miguel (0.4%), Pilar (0.3%), Malvinas Argentinas (0.2%) and General San Martín (0.1%).
In this regard, José Rozados, director of Reporte Inmobiliario, points out: “Generally speaking, the average value does not decrease. It is always best to look at the trend and make comparisons at least quarterly and preferably annually.”
As for specific unit values, the report details that a one-bedroom apartment in the northern zone has an average value of US$110,473 , while a three-room apartment costs US$164,105.
A one-bedroom apartment has an average value of US$110,473 ALFIERI MAURO
What are the cheapest and most expensive neighborhoods in the north zone?
La Lucila continues to hold the highest prices in the northern market, with an average of US$3,227/m². Vicente López follows in the ranking , with an average of US$3,213 per square meter, and Olivos at US$2,948 completes the ranking of highest prices.On the other hand, specifically in San Fernando, Barrio Infico presents the most affordable offer , with an average value of US$952/m². Next on the list are José C. Paz Centro (US$959/m²) and Loma Hermosa (US$966/m²).
La Lucila is the most expensive neighborhood in the north zone and the Infico neighborhood is the most economical.Zonaprop
For those interested in investing in real estate in the northern area
For those interested in investing in properties to later sell them on the rental market, the rent/price ratio rose in August and stood at 3.99% annually. It currently takes 25.1 years of renting to repay the initial investment, 12% less than a year ago.Regarding the locations, Belén de Escobar, San Miguel and San Andrés are the ones in the northern area with the highest profitability, with 6.1%, 5.4% and 5.2% gross return, respectively. On the other hand, La Lucila and Vicente López are the ones with the lowest profitability, with 3.3% return each.
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