This survey showed, in the 2021-2022 year-on-year comparison, that sales prices in Dollars of houses fell 3.8%. While the values of departments reduced their value in the real estate market 7%. The downward trend in this item is downward from July 2021 and October 2019, respectively.
In addition, the drop in prices in pesos of house rentals was reported, which fell by 19.9% compared to June 2021. However, in that same category, the apartments had a 1% increase in rental values in the AMBA.
Property sales: falling prices in dollars 2021-2022
In June 2022, in AMBA, the sale price in dollars per m2 of houses and apartments fell 0.7% and 0.6%respectively, compared to May 2022. On the other hand, a year-on-year drop is observed, relative to June 2021, in the sale price of houses and apartments in the 3.8% and 7.0%respectively.
Distinguishing between CABA and Greater Buenos Aires (GBA) North, South and West, month-on-month falls (compared to May 2022) are observed in the price per m2 of houses of 1.1% in CABA, 1.1% in GBA North, 0.3% in GBA South and 0.4% in GBA West. For its part, in the apartment market, in June 2022, there were falls in the price per m2 of 0.3% in CABA, 0.5% in GBA North, 0.2% in GBA South, and 0.1% in GBA West. , relative to May 2022.
Rentals: houses with falling prices and apartments on the rise
In parallel, in the same period, there was a month-on-month drop in the real rental price per m2 of houses and apartments in the 0.5% and 0.3%, respectively. Likewise, a 19.9% year-on-year drop in the price of house rentals in constant pesos is observed, and a 1.0% increase in apartments.
In June 2022, rents per m2 in constant prices (that is, in real terms) in AMBA registered a fall of 0.5% for houses, and 0.3% for apartments, compared to May 2022. As for the variations year-on-year (that is, compared to June 2021), in AMBA there is a 19.9% drop in the housing market, and a 1.0% increase in the apartment market.
Distinguishing by agglomerations of AMBA, in June 2022, relative to May 2022, the variation in the median rental price per m2 of houses (in constant prices) was +5.1% in CABA, +0.1% in North GBA, +3.3 % in GBA South and +0.3% in GBA West. On the other hand, in the case of departments, the inter-monthly price variation in CABA, GBA North, South and West was +1.7%, +0.8%, -1.5% and -0.3%, respectively.
Taking the interannual variations (June 2022 with respect to June 2021), a drop in constant prices of the median price per m2 of house rentals of 3.6% in CABA and 28.8% in GBA North, and increases in GBA South is observed. and GBA West of 12.0% and 0.6%, respectively. On the other hand, year-on-year, apartment rental prices per m2 registered increases in CABA and GBA North, South and West of 4.9%, 9.0%, 19.6% and 0.4%, respectively.
Confidence index in the property sales market
Comparing the evolution of the sale prices per m2 (stock) in a given month with respect to the mobile median price of the total of advertisements of the last 6 months, we can identify hot zones (prices on the rise), cold zones (prices on the decline) or neutral.
This analysis is important because it allows us to draw conclusions about the expected future evolution of these markets. In June 2022, the market for houses for sale is down since June 2021 CABA, since June 2019 GBA North, since July 2021 in GBA South and since May 2022 in GBA West.
Likewise, the apartment market is down in all the AMBA agglomerations. It has been in this state since April 2019 in CABA, since June 2019 in GBA North, since October 2018 in GBA South and since October 2019 in GBA West.
Source: Ambito
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