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In the run-up to the runoff, investment in bricks attracts - Infobae
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www.infobae.com
November 10, 2023
There are buyers for one- and two-bedroom units over USD 60,000 in different neighborhoods of the City of Buenos Aires. Values have stopped falling since last June
By José Luis Cieri
Properties stopped dropping in value and an opportunity buying and selling market continues in CABA (Photo: Getty Images)
In the City of Buenos Aires, there remains an investment opportunity in low-cost properties, especially those valued at less than USD 60,000, which continue to be preferred among those who have dollars in hand. A few days before the presidential runoff, experts confirm notable dynamism at this stage of the year, reaffirming once again that the final stretch of the calendar is consolidated as the best time for buying and selling in the real estate market.
Currently, more than 30,000 used properties are still available in various neighborhoods, all for less than $60,000. Although also for those with more limited savings but with the ability to save monthly, participating in well developments is presented as a possibility.
Verónica Tapia, from Century 21 El Yar, commented to Infobae that “those who opt for this alternative should take into account a certain wait; However, at the end of the process, you will enjoy a brand new unit.”
The properties experiencing the greatest demand for sale at this time are the smaller units, whether used or brand new, as long as they are well located. These are mainly studio, 1 and 2-bedroom apartments with standard measurements and less than 70 square meters.
Gustavo Abascal , of Gustavo Abascal Properties, pointed out that these properties are intended for both investors and those who can obtain financial help to stop renting. “Especially in the face of the shortage of rental properties and the high existing prices. This trend is especially observed in people from the interior who send their children to study in Buenos Aires. Instead of opting to rent, many parents or relatives are opting to buy apartments due to the lack of availability and high rental costs at present (a 1-bedroom apartment has an average of around $250,000 per month).”
Soledad Balayan , from Maure Inmobiliaria, emphasized to Infobae that “at this time there may be properties that are not only 30% cheaper than in 2019, but that were probably not available for sale in the past. These represent significant opportunities. “Both investors and those looking to move should be aware of what is on offer today, which at other times was more difficult to obtain.”
A 2-bedroom apartment, bright and in good condition. This type of property tempts the demand that is active at this time of the year (Photo Courtesy: Maure Inmobiliaria)
As an example, a three-bedroom in Saavedra that is currently offered for USD 110,000, including a garage, was priced at USD 145,000 four years ago. Similarly, a 3-bedroom in Villa Urquiza, which in the same period cost USD 220,000, is now available for USD 155,000, also with a garage and a large balcony of more than 10 m2.
In San Telmo, a 2-bedroom apartment with 60 m2 covered and an 8 m2 balcony is currently for sale for USD 58,000; Four years ago its price did not drop below USD 85,000 in this southern part of the city.
Balayan advised: “Those investing in property should carefully analyze the specific segment or attribute in greatest demand when renting. Small, bright apartments located in well-maintained buildings with flexible co-ownership regulations, especially in tourist areas, are often attractive options. Currently, investors prefer temporary rentals, avoiding the traditional long-term rental, which has limitations in profitability and contractual flexibility. It is also recommended to analyze the competition in the market, identifying less saturated areas, since following the same trend is no longer a viable business.”
www.buysellba.com
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En la previa al balotaje, la inversión en ladrillos vuelve a atraer en un mercado con oportunidades
Hay compradores para unidades por encima de los USD 60.000 de dos y tres ambientes en distintos barrios de la Ciudad de Buenos Aires. Los valores dejaron de caer desde junio último
www.infobae.com
November 10, 2023
In the run-up to the runoff, investment in bricks once again attracts in a market with opportunities
There are buyers for one- and two-bedroom units over USD 60,000 in different neighborhoods of the City of Buenos Aires. Values have stopped falling since last June
By José Luis Cieri
Properties stopped dropping in value and an opportunity buying and selling market continues in CABA (Photo: Getty Images)
In the City of Buenos Aires, there remains an investment opportunity in low-cost properties, especially those valued at less than USD 60,000, which continue to be preferred among those who have dollars in hand. A few days before the presidential runoff, experts confirm notable dynamism at this stage of the year, reaffirming once again that the final stretch of the calendar is consolidated as the best time for buying and selling in the real estate market.
Currently, more than 30,000 used properties are still available in various neighborhoods, all for less than $60,000. Although also for those with more limited savings but with the ability to save monthly, participating in well developments is presented as a possibility.
Verónica Tapia, from Century 21 El Yar, commented to Infobae that “those who opt for this alternative should take into account a certain wait; However, at the end of the process, you will enjoy a brand new unit.”
The properties experiencing the greatest demand for sale at this time are the smaller units, whether used or brand new, as long as they are well located. These are mainly studio, 1 and 2-bedroom apartments with standard measurements and less than 70 square meters.
Gustavo Abascal , of Gustavo Abascal Properties, pointed out that these properties are intended for both investors and those who can obtain financial help to stop renting. “Especially in the face of the shortage of rental properties and the high existing prices. This trend is especially observed in people from the interior who send their children to study in Buenos Aires. Instead of opting to rent, many parents or relatives are opting to buy apartments due to the lack of availability and high rental costs at present (a 1-bedroom apartment has an average of around $250,000 per month).”
According to Tapia, “demand is high, generating great dynamism in the real estate market at this time.”
Investment haven
Typically, opportunity is primarily associated with the price aspect. While there are certainly opportunities in this regard, it is also crucial to consider the current availability of properties.Soledad Balayan , from Maure Inmobiliaria, emphasized to Infobae that “at this time there may be properties that are not only 30% cheaper than in 2019, but that were probably not available for sale in the past. These represent significant opportunities. “Both investors and those looking to move should be aware of what is on offer today, which at other times was more difficult to obtain.”
A 2-bedroom apartment, bright and in good condition. This type of property tempts the demand that is active at this time of the year (Photo Courtesy: Maure Inmobiliaria)
As an example, a three-bedroom in Saavedra that is currently offered for USD 110,000, including a garage, was priced at USD 145,000 four years ago. Similarly, a 3-bedroom in Villa Urquiza, which in the same period cost USD 220,000, is now available for USD 155,000, also with a garage and a large balcony of more than 10 m2.
In San Telmo, a 2-bedroom apartment with 60 m2 covered and an 8 m2 balcony is currently for sale for USD 58,000; Four years ago its price did not drop below USD 85,000 in this southern part of the city.
Balayan advised: “Those investing in property should carefully analyze the specific segment or attribute in greatest demand when renting. Small, bright apartments located in well-maintained buildings with flexible co-ownership regulations, especially in tourist areas, are often attractive options. Currently, investors prefer temporary rentals, avoiding the traditional long-term rental, which has limitations in profitability and contractual flexibility. It is also recommended to analyze the competition in the market, identifying less saturated areas, since following the same trend is no longer a viable business.”
They don't go down
Real estate prices experienced a reduction, but since June they stopped falling; Currently, values remain stable in dollars (since 2018 in some neighborhoods they have dropped more than 45%). With the exception of owners who have an extreme urgency to sell, who only accept reductions below the publication price. According to the Survey of Real Estate Operations (ROI), it was observed that prices in negotiations fell only 8.7% in general terms.www.buysellba.com
