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Why rental operations in private neighborhoods collapsed by 50 percent - Infobae
Source:
www.infobae.com
July 08, 2024
People prefer to travel or save money, and the suburban real estate market has lost its appeal compared to the pandemic. Prices, areas and which homes are usually chosen
By Jose Luis Cieri
Ideally, homes should have a veranda and a heated pool for this time of year. However, demand was not as expected for temporary rentals in the urbanizations.
In the suburban housing market, winter vacation rentals in gated communities fell 50% year-on-year. Traveling or saving up seem to be preferred options over finding temporary housing.
Dollarized values impacted the decision of those who used to spend one or several weeks in a quieter environment, far from the big cities.
Industry sources say demand now favors vacations in tourist locations. The time of the pandemic, when there were restrictions on travel, seems to be behind us.
Prices that generally exceed USD 1,500 per month discouraged people from closing these types of real estate transactions, which are usually done for 30 days or at most per quarter.
High housing costs (expenses in developments that exceed $500,000 per month and, in many cases, are added to the expenses of temporary tenants) and the low capacity to save also affected those who used to rent, especially during the winter holidays. However, among those who usually choose to rent in gated communities are young couples, with children yet to be born or at an early age.
“There is a higher quality of life sought thanks to the sports areas, plazas, lagoons, trails and other amenities available. On the other hand, there are adult couples who are looking for properties with fewer square meters, such as apartments or townhouses offered by some developments such as Crystal Lagoon in Pilar,” Ariel José Córdoba , from Córdoba Properties, told Infobae.
Modern and bright homes are prioritized
Some of the people who closed temporary agreements these days, for example in Nordelta, are couples with families who come from the center of Buenos Aires or move from a smaller house to a larger one.
Gustavo Iglesias , from Iglesias Negocios Inmobiliarios, said that “there are also several business executives and families who are building in Tigre and other areas, so they rent while they do the work, which can take between 9 months and a year on average.”
Córdoba summarized that “houses with heated pools, a green space for outdoor activities and a covered gallery or area suitable for family gatherings are particularly noteworthy.”
As for the neighborhood, it is vital that it has a Kids Club and other recreational activities for the little ones.
Canning Chico, in a frank advance
Priority is also given to homes with good connectivity, a grill, and if they are apartments, that they are bright.
The most sought-after properties are those that also have closed galleries and large windows that connect to the outside in some way.
Claudia Madrid , from Toribio Achával, manager of the Canning platform, explained that “the queries come mainly from couples or young professionals alone.”
Due to the high cost of rent, people with purchasing power prefer to travel abroad, while the middle class vacations for a week or at most 15 days on the coast or in areas where they can ski.
Nordelta always attracts for renting and buying
“And the houses that are larger with 3 to 5 bedrooms can cost up to USD 7,000 per month,” Iglesias added.
A temporary rental of a house in gated communities located between Pilar, Escobar and Bella Vista (San Miguel district) for the winter holidays ranges between USD 2,500 and USD 6,000 per month.
Córdoba pointed out: “It is worth noting that the few transactions carried out were with houses that have a large space for family gatherings. These values open up the range of different holiday alternatives.”
The rent for a 4-bedrooms house for 1 month, with 3 bedrooms and a service quarters varies as follows:
Puertos de Escobar: premium neighborhoods (those overlooking the central lagoon) from USD 2,500 onwards. Houses with access to the lagoon stand out.
San Sebastian in Pilar: from USD 1,300 to USD 3,500.
Buenos Aires Golf, Bella Vista: from USD 3,500 to USD 6,500; its golf course and top-class amenities stand out.
Some of the homes chosen by demand must have play areas for children or areas ideal for recreation or social and family gatherings.
Madrid concluded: “In the Canning developments, between Esteban Echeverría and Ezeiza, the value of rents in gated communities depends on the amenities and ranges from USD 900 to USD 3,000 per month. one bedroom apartments average USD 500, while two-bedrooms apartments range between USD 700 and USD 900.”
www.buysellba.com
Source:
Por qué las operaciones de alquileres en barrios privados se derrumbaron un 50 por ciento
La gente prefiere viajar o cuidar sus ahorros y el mercado inmobiliario suburbano perdió atractivo respecto de la etapa de la pandemia. Precios, zonas y qué viviendas suelen elegirse
www.infobae.com
July 08, 2024
People prefer to travel or save money, and the suburban real estate market has lost its appeal compared to the pandemic. Prices, areas and which homes are usually chosen
By Jose Luis Cieri
Ideally, homes should have a veranda and a heated pool for this time of year. However, demand was not as expected for temporary rentals in the urbanizations.
In the suburban housing market, winter vacation rentals in gated communities fell 50% year-on-year. Traveling or saving up seem to be preferred options over finding temporary housing.
Dollarized values impacted the decision of those who used to spend one or several weeks in a quieter environment, far from the big cities.
Industry sources say demand now favors vacations in tourist locations. The time of the pandemic, when there were restrictions on travel, seems to be behind us.
Prices that generally exceed USD 1,500 per month discouraged people from closing these types of real estate transactions, which are usually done for 30 days or at most per quarter.
High housing costs (expenses in developments that exceed $500,000 per month and, in many cases, are added to the expenses of temporary tenants) and the low capacity to save also affected those who used to rent, especially during the winter holidays. However, among those who usually choose to rent in gated communities are young couples, with children yet to be born or at an early age.
“There is a higher quality of life sought thanks to the sports areas, plazas, lagoons, trails and other amenities available. On the other hand, there are adult couples who are looking for properties with fewer square meters, such as apartments or townhouses offered by some developments such as Crystal Lagoon in Pilar,” Ariel José Córdoba , from Córdoba Properties, told Infobae.
Modern and bright homes are prioritized
Some of the people who closed temporary agreements these days, for example in Nordelta, are couples with families who come from the center of Buenos Aires or move from a smaller house to a larger one.
Gustavo Iglesias , from Iglesias Negocios Inmobiliarios, said that “there are also several business executives and families who are building in Tigre and other areas, so they rent while they do the work, which can take between 9 months and a year on average.”
Types of housing
Although demand has fallen to be attractive to those looking for accommodation during their winter holidays, a house in a private neighborhood must have certain essential characteristics, according to the sector.Córdoba summarized that “houses with heated pools, a green space for outdoor activities and a covered gallery or area suitable for family gatherings are particularly noteworthy.”
As for the neighborhood, it is vital that it has a Kids Club and other recreational activities for the little ones.
Canning Chico, in a frank advance
Priority is also given to homes with good connectivity, a grill, and if they are apartments, that they are bright.
The most sought-after properties are those that also have closed galleries and large windows that connect to the outside in some way.
Less consultations
In Canning, there were few enquiries for rentals and they were generally for 1 or 2 bedrooms apartments at low cost.Claudia Madrid , from Toribio Achával, manager of the Canning platform, explained that “the queries come mainly from couples or young professionals alone.”
Due to the high cost of rent, people with purchasing power prefer to travel abroad, while the middle class vacations for a week or at most 15 days on the coast or in areas where they can ski.
Nordelta always attracts for renting and buying
More values
In Nordelta, prices for apartments for temporary rent start at USD 700 for one and two-bedrooms apartments.“And the houses that are larger with 3 to 5 bedrooms can cost up to USD 7,000 per month,” Iglesias added.
A temporary rental of a house in gated communities located between Pilar, Escobar and Bella Vista (San Miguel district) for the winter holidays ranges between USD 2,500 and USD 6,000 per month.
Córdoba pointed out: “It is worth noting that the few transactions carried out were with houses that have a large space for family gatherings. These values open up the range of different holiday alternatives.”
The rent for a 4-bedrooms house for 1 month, with 3 bedrooms and a service quarters varies as follows:
Puertos de Escobar: premium neighborhoods (those overlooking the central lagoon) from USD 2,500 onwards. Houses with access to the lagoon stand out.
San Sebastian in Pilar: from USD 1,300 to USD 3,500.
Buenos Aires Golf, Bella Vista: from USD 3,500 to USD 6,500; its golf course and top-class amenities stand out.
Some of the homes chosen by demand must have play areas for children or areas ideal for recreation or social and family gatherings.
Madrid concluded: “In the Canning developments, between Esteban Echeverría and Ezeiza, the value of rents in gated communities depends on the amenities and ranges from USD 900 to USD 3,000 per month. one bedroom apartments average USD 500, while two-bedrooms apartments range between USD 700 and USD 900.”
www.buysellba.com
