“I don’t think prices will go up, there are no reasons for that to happen. A year of stabilization is coming and as we are facing a possible change of government there will be more expectations among the people. The upward rearrangement could only happen in 2024,” said Ariel Champanier, CEO of RE/MAX Premium,
While, The narrowing of the real estate negotiation gap will continue. While in 2020 the gap between the published value and the sale value was 30%, that number dropped to 20% in the pandemic and is currently at 5%. “Everything was settling in because the real estate prices tried to mediate between the seller’s aspirations and the buyer’s pocket,” said Champanier, who insisted that “what is not in price is not sold.”
Demand
The most demanded typology in 2022 were the 3-room apartments and the PHs. But a new business niche also emerged with temporary rentals with the opening of borders and the arrival of foreign tourists.
As the rental market was seriously affected by the rental law, “the owners realized that they could collect in dollars and obtain a profit of 60% with respect to the weight,” said the CEO of RE / MAX Premium. The problem is that even many traditional rentals turned to the dollar.
“We are in a context in which the real estate rental market began to become more and more dollarized; without due treatment of the rental law; and with a large number of properties for sale,” said Miguel Di Maggio, director of DEPA real estate.
How much is the square meter worth?
According to a survey carried out based on the notices of the Zonaprop real estate portal, the increase in rents was almost 100% in CABA during 2022, above inflation (97%) and significantly above the contract adjustment. existing.
In the month of December, the increase was 5.5%. The rental value of a studio apartment in CABA is 77,899 pesos per month, a two-room apartment costs 92,941 pesos per month and a 70 m2 three-room unit is rented for 125,664 pesos per month.
Currently, Puerto Madero is positioned as the most expensive neighborhood in the City of Buenos Aires with an average price of 180,448 pesos per month. Palermo and Núñez follow with 111,656 and 106,790 pesos per month, respectively.
Regarding the projections of what will happen during 2023, Champanier was optimistic: “We estimate a growth of 15%,” he said, although he stressed again that his elections will be conditioning factors.
Di Maggio maintained that “the real estate market suffered the stoppage of samples, reservation taking and closing of operations from November, with a drop in the number of monthly deeds. This product of basted events since November: soccer world cup, parties and summer vacations. For this reason, it is expected that this year, the rebound may begin, not in prices, but in sales.
Source: Ambito
