The real estate portal revealed an increase in the supply of properties in historical values: there are currently more than 160,000 listings in the Autonomous City of Buenos Aires and the demand for the last 3 months showed a 17% increase in sales with a similar period in 2021.
Another report, in this case prepared by the real estate company LJRamos, highlighted that in the northern area of Greater Buenos Aires the market had undergone some important changes in recent months, in which “there is a greater decision to buy and sales that were coming from delayed”.
In this area, lots continue to be the most sought-after product and inquiries increased by 50% throughout the first half of 2022 compared to the same period of the previous year.
Likewise, the values of the properties were accommodated to the fall in some areas of the GBA, although this situation is uneven and depends on the area in which the property is located.
In Puerto Madero, the premium residential development of Consultatio in Dock 2, Oceana Puerto Madero, already has more than 70% of the units sold, with values ranging from US$5,500 per square meter.
Diego Schwengber, commercial director of Consultatio, said that “our audience includes both investors and end users; the smaller units are chosen by young couples and married couples with large children who leave their homes to move to a complex with all the comforts and close of everything, but with fewer square meters”.
“There are also investors from inside and outside who want to have a second home in Buenos Aires, or have children studying in the city and choose it as a place to stay when they visit them. Another investor public is companies that buy units for their expatriate senior managers ; or multinationals as an alternative to their main businesses”, completed the manager.
Source: Ambito
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