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Which Buenos Aires neighborhoods are most profitable for those who rent their apartments? - Infobae
Source:
Cuáles son barrios porteños con mayor rentabilidad para quienes ponen sus departamentos en alquiler
Se observan trazados inmobiliarios también en el oeste y norte de CABA con tasas de rentabilidad anual que alcanzan o superan el 5% en dólares para el alquiler tradicional
www.infobae.com
March 21, 2024
Real estate layouts are also observed in the west and north of CABA with annual profitability rates that reach or exceed 5% in dollars for traditional rentals.
By José Luis Cieri
Improved profitability for traditional rentals. This situation reflects a favorable outlook for investors seeking to optimize their returns locally (Illustrative image Infobae)
The real estate market in the city of Buenos Aires experienced a notable improvement in the supply of properties after the repeal of the Rental Law through DNU 70/23. According to this sector, this measure also boosted the profitability of residential rentals, reversing a negative trend that had continued for several years. This improvement is expected to continue in the near future.
In 2024, two neighborhoods will surprise: Parque Patricios and San Cristóbal . Two districts located in the south of CABA, which emerged as the most appropriate areas for investment in apartments used for rental purposes. These neighborhoods exhibited an attractive increase in profitability, standing out particularly for recent urban transformations (such as the Technology District , for example) and their promising prospects.
The advantage of both areas is revealed when analyzing the relationship between the rental price in pesos and the cost of sale of similar properties. Parque Patricios stood out with a profitability of 5.41% for three-room homes, while San Cristóbal showed a return of 5.43% in four-room units, according to data provided by Reporte Inmobiliario.
“The analysis of real estate profitability in Buenos Aires suggests that, traditionally, the least attractive areas for investors with high purchasing power, such as Almagro, Once and Liniers, offer higher returns. This is due to a combination of affordable sales prices and competitive rental rates,” explained Germán Gómez Picasso , from Reporte Inmobiliario.
As for the Buenos Aires neighborhoods that offer greater profitability in the real estate market, they are those least eligible by investors, such as some in the southern and western corridors of Buenos Aires, as well as several in the northern corridor of the City (Saavedra among them).
Gómez Picasso added that “this situation is due to the fact that, despite having a lower sales value, its rents are comparatively acceptable, resulting in higher profitability. Historically, the neighborhoods considered riskiest for investors were those that generated the greatest profitability.”
Parque Patricios attracts buyers looking to obtain a good return on rentals as well as new works that renew this neighborhood in southern Buenos Aires.
Parque Patricios stands out as one of the neighborhoods that offers the highest profitability in the market, and this is due to various factors. Firstly, the creation of the Technological District in the City in 2008, promoted by the Buenos Aires Government, promoted the technological and knowledge industry, granting important tax benefits.
Flavio Galli, CEO of the Tueroc Group, said that “the privileged geographical location of Parque Patricios, close to the center of the City and with excellent connectivity through the H subway line and Metrobús, makes it a strategic point for investment. real estate. The possibility of construction, together with the presence of universities, led to a significant urban transformation, generating an increase in demand and, therefore, better profitability for investors.”
Units
Regarding the specific selection of properties, the current market shows a shortage of small and medium-sized units in neighborhoods such as Palermo, Belgrano and Recoleta , indicating strong demand and a potential advantage when investing in such options.The architect and real estate expert, Oscar Puebla, highlighted that the profitability in Parque Patricios and San Cristóbal is positively influenced by the low cost per square meter (less than USD 900): “In addition to the presence of modern buildings that, by not “Having additional services such as security or amenities, offer a more competitive rental value.”
Post DNU, closed or empty properties are emerging as an unfavorable investment for all those involved in this sector.
The new modalities of interaction between tenants and owners, with more frequent update rates, combined with the increase in prices in pesos and inflation in dollars, present the real estate industry as an outstanding opportunity to obtain better rents and as a savings haven. and investment.
“This is due, in part, to policies in the repealed law that created complications for both landlords and tenants. The implementation of two-year contracts with quarterly updates led to the massive incorporation of properties to the market, which put downward pressure on the starting prices of contracts,” Puebla added.
Prices and margins
In the most profitable neighborhoods, the rental values in pesos and profitability in dollars according to the Real Estate Report are the following:San Cristóbal: studio apartments are worth USD 57,000 and a rental averages $240,000 per month, the profitability is 4.55% annually.
Balvanera : studio apartments are worth USD 52,000 and the average rent is $220,000 per month, and the profitability is 4.55% annually.
Once : two rooms are worth USD 52,500 and the rent is $280,000 on average, and the profitability rises to 5.29% annually.
Floresta : two rooms are worth USD 65,000 and the rent is $300,000, and the profitability is 4.99% annually.
Parque Patricios : three rooms are worth USD 80,000 and the rent is $400,000, and the profitability is 5.41% annually.
San Nicolás : three rooms are worth USD 99,000, and the rent is $450,000 and the profitability is 4.87% annually.
Balvanera : four rooms are worth USD 135,000 and the rent is $800,000, and the profitability is 6.81% annually.
San Cristóbal : four rooms are worth USD 119,500 and the rent is $600,000, and the profitability is 5.43% annually.
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