BuySellBA
Administrator
Properties: The unexpected price phenomenon experienced in the last four months - La Nacion Propiedades
Source:
www.lanacion.com.ar
May 05, 2025
Argentine real estate continues to thrive, prices are rising, but values remain attractive for buyers because they have not yet recovered their full value.
In just four months of this year, property sales prices rose more than half of what they increased in the entire last year. Shutterstock
The Buenos Aires real estate market continues to awaken from its slumber, and prices are a testament to this. After five years in which listing values fell 24% in nominal terms, 2024 already bodes well with a 6.8% increase in prices. And in the first four months of this year, they have already increased by more than half of what they increased last year.
This was shown by the latest report from Zonaprop , which states that the average price of apartments in the city rose 0.4% in April to US$2,407/m², a level similar to that of April 2017 , the year of the mortgage boom during the Macri administration. Looking at the first four months of the year, the increase is 3.5%.
The average price per square meter in the city of Buenos Aires rose 0.4% in April and stands at US$2,407 Zonaprop
The key point of the analysis is that prices are still at opportunity levels. Although listing prices fell 24% between 2019 and 2023, during that same period, "closing prices decreased 50% in real terms," shares Fabián Achával of the eponymous real estate agency, adding: "This shows that there is still plenty of room for growth, as they remain at 2006 levels, which also demonstrates how attractive prices continue to be."
Meanwhile, home prices rose 0.6% and are expected to increase by 2.4% in the first four months of 2025.
In the first four months of the year, apartment listing prices rose 3.5% in Buenos Aires.Hernan Zenteno - La Nacion/Hernan Zenteno
In terms of housing, the neighborhood with the highest prices is Palermo , averaging US$3,406/m². Belgrano follows with US$2,652/m² and Recoleta with US$2,437/m². On the other hand, Villa Soldati leads the way with the lowest prices, at US$672/m². Nueva Pompeya completes the ranking at US$749/m², and La Boca at US$843/m².
If the analysis is carried out on the different typologies, the report reveals that a 40 m² studio apartment costs around US$106,031 , a 50 m² one-bedroom apartment averages US$127,531 and a 70 m² two-bedroom apartment reaches US$175,249 .
Now, in Buenos Aires, a 170 m² house with two bedrooms is valued at US$292,625 , while a slightly larger one, with 260 m² and four bedrooms, reaches US$470,907.
These numbers show that real estate investment is gradually becoming attractive again. A year ago, specifically in June 2024, the yield stood at 4.49%, almost a percentage point lower.
Among the neighborhoods in Buenos Aires, based on income, Lugano is the most attractive for investment, with a return of 8.1%. Nueva Pompeya (7.8%) and Parque Avellaneda (7.3%) complete the podium. On the other hand, Puerto Madero, Palermo, and Belgrano are the neighborhoods with the lowest returns , with 3.5%, 4.1%, and 4.3%, respectively.
www.buysellba.com
Source:
Propiedades: el inesperado fenómeno que vivieron los precios en los últimos cuatro meses
El real estate argentino sigue viento en popa, los precios suben, pero los valores siguen siendo atractivos para quienes compran porque aún no recuperaron todo su valor
www.lanacion.com.ar
May 05, 2025
Argentine real estate continues to thrive, prices are rising, but values remain attractive for buyers because they have not yet recovered their full value.
In just four months of this year, property sales prices rose more than half of what they increased in the entire last year. Shutterstock
The Buenos Aires real estate market continues to awaken from its slumber, and prices are a testament to this. After five years in which listing values fell 24% in nominal terms, 2024 already bodes well with a 6.8% increase in prices. And in the first four months of this year, they have already increased by more than half of what they increased last year.
This was shown by the latest report from Zonaprop , which states that the average price of apartments in the city rose 0.4% in April to US$2,407/m², a level similar to that of April 2017 , the year of the mortgage boom during the Macri administration. Looking at the first four months of the year, the increase is 3.5%.
The average price per square meter in the city of Buenos Aires rose 0.4% in April and stands at US$2,407 Zonaprop
The key point of the analysis is that prices are still at opportunity levels. Although listing prices fell 24% between 2019 and 2023, during that same period, "closing prices decreased 50% in real terms," shares Fabián Achával of the eponymous real estate agency, adding: "This shows that there is still plenty of room for growth, as they remain at 2006 levels, which also demonstrates how attractive prices continue to be."
Meanwhile, home prices rose 0.6% and are expected to increase by 2.4% in the first four months of 2025.
In the first four months of the year, apartment listing prices rose 3.5% in Buenos Aires.Hernan Zenteno - La Nacion/Hernan Zenteno
What are the prices in each neighborhood of the City?
In the apartment category, Puerto Madero remains at the top of the market , defending its value at US$6,153/m². Below it, but with prices half the price, is Palermo at US$3,363/m², followed by Núñez at US$3,182/m². On the other side of the spectrum, Lugano has the lowest market value, with US$1,118 per square meter. Nueva Pompeya follows at US$1,435/m², and Parque Avellaneda at US$1,519/m².In terms of housing, the neighborhood with the highest prices is Palermo , averaging US$3,406/m². Belgrano follows with US$2,652/m² and Recoleta with US$2,437/m². On the other hand, Villa Soldati leads the way with the lowest prices, at US$672/m². Nueva Pompeya completes the ranking at US$749/m², and La Boca at US$843/m².
If the analysis is carried out on the different typologies, the report reveals that a 40 m² studio apartment costs around US$106,031 , a 50 m² one-bedroom apartment averages US$127,531 and a 70 m² two-bedroom apartment reaches US$175,249 .
Now, in Buenos Aires, a 170 m² house with two bedrooms is valued at US$292,625 , while a slightly larger one, with 260 m² and four bedrooms, reaches US$470,907.
How is profitability in CABA?
The rent-to-price ratio has slightly declined, standing at 5.23% per year. Currently, it takes 19.1 years of rent to repay the initial investment, 7.3% less than what was required a year ago.These numbers show that real estate investment is gradually becoming attractive again. A year ago, specifically in June 2024, the yield stood at 4.49%, almost a percentage point lower.
Among the neighborhoods in Buenos Aires, based on income, Lugano is the most attractive for investment, with a return of 8.1%. Nueva Pompeya (7.8%) and Parque Avellaneda (7.3%) complete the podium. On the other hand, Puerto Madero, Palermo, and Belgrano are the neighborhoods with the lowest returns , with 3.5%, 4.1%, and 4.3%, respectively.
www.buysellba.com
