Although details are subtracted, the message is clear: channeling savings in concrete assets could have a more favorable tax treatment.
This scenario promoted a new wave of consultations in the garage market, a segment that had lagged behind in recent years (it is also key to the car shelter and avoid fines). “The famous Colchón plan woke many in recent weeks and generated a volume of consultations and closing much larger operations in the garage market than the one who had been driving before,” he explained Esteban PucariEcomo director.
He added: “There are many people who feel that their dollars are worth less and less, they want to protect them and see in the garages a type of property that is not replenished and where you can obtain an income.”
One of the factors that explains the renewed interest is the relative delay in prices (it is estimated that 50% fell in some neighborhoods of CABA). “The garages were lagging with other properties. They fell strongly with the pandemic and, unlike the departments, they still did not recover value. That generates a mismatch that should be corrected because the replacement cost rose a lot and there are almost no lands to build new ones,” said Suari.
Today the sale prices in the city range from US $ SA S25,000, with strong differences according to the location. In neighborhoods such as Belgrano or Palermo, a well -located garage is around US $ 23,000, although opportunities can be found below. In more accessible areas such as Monte Castro or Monserrat, the values start from US $ 16,000 or even less. Sucari pointed out: “In Belgrano I have excellent units AU $ s18,000. There is dispersion, but in general a garage should not be below US $ 16,000.”
How are they worth renting and profitability
MARCELA GENTAby Marcela Genta Inmobiliaria, confirmed that in neighborhoods such as Villa Urquiza, Villa Ortúzar, Saavedra and Belgrano the rental values average the $ 120,000 per month. “They are high -demand areas for car shelter and little availability. The offer was not recovered because in new buildings there is an obligation to build garages, but the developers are not profitable. The limitation is that the average lots have only 8.66 meters in front,” he explained.
From the point of view of the rent, the investment can generate between 4% and 8% per year, depending on the area and the acquisition value. “In areas such as Villa Urquiza, Belgrano, Palermo or Ortúzar, a well -located garage can be rented around $ 120,000. If you bought it at a competitive price, that rent can reach 7% or 8%,” Genta explained. “To make a US $ 25,000 garage profitable you have to rent it around $ 166,000 per month. The numbers must be done well.”
Sucari added that profitability usually concentrates at the upper end of the range when purchasing at low prices are achieved. “In Palermo, Recoleta or Belgrano, profitability may be between US $ 1,000 YU $ S2,000 per year. In areas such as microcentro or monserrat, returns are usually lower except that a very convenient purchase price is achieved,” he said.
The attractiveness is increased by the low entry barrier: with the equivalent of one or two garages, many savers find a way of dollarizing their income, obtaining an income and protecting against inflation. “It is a personal decision how much do each want to regularize each one. With US $50,000 you can buy two or three garages according to the area. There are people who choose to diversify like this,” said Sucari.
Location
On the location, the strategy depends on the inverter’s profile. Residential areas, such as Villa Urquiza or Saavedra, offer good occupation and stable demand. High rotation areas, such as microcentro, can offer better income but also greater vacancy. “If the area is good, both options can be profitable. The key is in the location and in paying a good price,” said Sucari.
Real Estate Mercado 1.jpg garages
Ecomoras
Genta agreed that “in housing buildings the garage adds much to the total rent. Instead, exclusive garage buildings are not so attractive due to fixed costs. It is convenient to buy well -located individual units and with low experience.”
Building, demand and risks
Sucari stressed that there are opportunities in both residential buildings and in areas of high daily rotation. “We have a pool of garages from the Italian hospital, an area with a lot of daily demand. But we also see good results in consolidated residential areas, if it was bought well. The key is the location and price-product relationship.”
Investment risks are low, but exist. “Perhaps it is not an asset as liquid as others, but it has a tour to win in value and rent. What you have to look is that the garage is comfortable, with good ramps, logical expenses and space to maneuver,” said Sucari. “It should always be advised before closing an operation“He said.
The laundering expectation for small amounts, added to the perception that the value of the dollar is stagnant, drives the idea of moving part of the savings towards assets that generate income. The garages, due to their low risk and content price, are positioned again as a specific option.
Sucari concluded: “The market woke up. People want to get out of the mattress, literal. And with a garage finds a simple asset, which does not require great efforts, has high demand and can be rented fast.”
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
