Real estate prices increase: apartments in AMBA rose 7.1% year-on-year in December

Real estate prices increase: apartments in AMBA rose 7.1% year-on-year in December

December 27, 2024 – 12:26

Devoto is the CABA neighborhood with the greatest interannual variation in the sales price in dollars per m2 of apartments

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The price of the estate is on the rise. The median sales price in dollars per m2 of apartments registered a variation of 7.1% in December compared to a year ago. Meanwhile, the price per m2 of houses fell 4.6%

According to a survey carried out between Mercado Libre and the University of San Andrés (UDESA), distinguishing between Greater Buenos Aires north, south and west and considering the interannual changes, falls in the price in dollars per m2 of houses of -2.8% are observed in CABA, -4.4% in GBA North, -2.0% in GBA South, and -8.4% in GBA West.

On the other hand, in the case of departmentsin CABA, GBA North, GBA South and GBA West, interannual variations in the sales price of 10.4%, 2.5%, 5.6% and -0.1% are observed, respectively.

When considering inter-monthly variations (compared to November 2024), the change in the price per m2 in dollars of houses is -0.3% in CABA, 0.6% in GBA North, 0.8% in GBA South and 1.0% in GBA West. For its part, in the market departmentsIn December, inter-monthly variations in the price in dollars per m2 of 1.2% in CABA, 0.6% in GBA North, 1.0% in GBA South and 0.9% in GBA West are observed.

Devoto, the neighborhood with the highest price increases

Exploiting the granularity of the data by neighborhood, in CABA, the greatest interannual variation in the sales price in dollars per m2 of departments was recorded in Devoto, with an increase of 17.9%.

For its part, in GBA (excluding CABA neighborhoods), Quilmes is the municipality that registers the greatest interannual variation in the sales price in dollars per m2 of houses, with a drop of -12.3%.

In the case of the departmentsthe largest interannual variation corresponds to La Plata, with an increase of 15.5%.

Demand for the purchase of real estate is growing

The report also highlights that in December, there was an increase in demand (measured through contacts). In this regard, the demand for departments for sale registers an increase of 40.7% compared to December 2023. This increase is explained by a combination of factors including the greater dynamism of the sector in recent times, to which is added the reactivation of mortgage loans.

Source: Ambito

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