Also, it is observed a year-on-year drop in said rental price for houses and apartments of 29.6% and 0.9%, respectively.
In October 2022, the markets for the sale of houses and apartments in AMBA are down from July 2021 and October 2019, respectively.
Real estate market: sale
It should be noted that in the agglomerate of AMBA recorded the largest year-on-year drop in the sales price in dollars per m2 of houses is GBANorte. said drop This is due both to an increase in the supply of houses for sale and also to a drop in demand for this type of property.
Specifically, between October 2021 and October 2022, the number of listings for homes for sale in North GBA increased by 22%while heThe number of visits to publications of houses in this agglomerate fell by 35%. The combination of both phenomena would be explaining why we observed in this period, a fall in the offered sale prices of houses of the order of 14%.
Real estate market: rent
Inside the AMBA agglomerate where The largest year-on-year drop in rental price in constant pesos per m2 of houses was recorded in North GBA. Said fall ise is due both to an increase in the supply of houses for rent of 73.6% and also to a drop in demand for this type of property of 39.1%comparing in both cases October 2022 with October 2021. Another relevant factor is that this market presents a high dollarization (where in October 2022, 84% of the ads for houses for rent in North GBA are published in dollars) .
The acceleration of inflation in recent months caused the accumulated inflation between October 2022 and October 2021 (88%) to be greater than the variation of the “blue” dollar in that same period (51%), driving down the interannual variation of the rental price in constant pesos per m2. These factors, taken together, explain a fall in said rental prices offered for houses of the order of 35%.
Real estate market: profitability
In October 2022hehe profitability in the housing market in CABA and GBA North, South and West is 4.3%, 6.9%, 5.3% and 4.1%, respectively. On the other hand, in the apartment market, the profitability registered is 3.5% in CABA, 3.8% in GBA Norte, 3.2% in GBA Sur and 3.1% in GBA Oeste.
Source: Ambito
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