distinguishing between CABA and Greater Buenos Aires (GBA) North, South and West, the following inter-monthly variations (compared to January 2023) are observed in the price per m 2 in dollars of houses:
- CABA: -1.7%,
- GBA North: -1.5%
- GBA South: -2.1%
- GBA West: +0.5%
On the other hand, in the apartment market, in February 2023 compared to the previous month, the variations in the price in dollars per m 2 were the following:
- CABA: -2.4%
- GBA North: -2.2%
- GBA South: -0.9%
- GBA West: -0.6%
Year-on-year comparison of real estate prices
When considering the interannual variations (February 2023 against the same month of 2022), it is observed price drops in dollars per m 2 of houses of 9.8% in CABA, 5.8% in North GBA, 7.4% in South GBA and 6.9% in West GBA.
On the other hand, the year-on-year falls in said sale price for the departments, in CABA and GBA North, South and West were -7.8%, -4.6%, -3.4% and -6 .8%, respectively, against February 2022.
It is worth mentioning that, in CABA, The neighborhood that registered the largest year-on-year drop in the sale price in dollars of houses was Villa del Parque, with a variation of -12.2%. On the other hand, for apartments, Parque Avellaneda is the most depreciated, with a variation of -15%.
On the other hand, within GBA (excluding neighborhoods of CABA), the municipality that registered the largest price drop sales in dollars per m 2 of houses was the silver (-12.7%) and, in the case of departments, the largest drop occurred in Dark (-11.1%).
A fall that does not stop, although the perspective improves
In this way, the trend observed by the work continues to deepen, and it is that “the markets for the sale of houses and apartments in CABA have been declining since June 2021 and April 2019, respectively.”
From the real estate sector they trust Ambit in which, “in March, prices will begin to rebound, although they would not give a jump, but rather a gradual recovery”.
In fact, a recent report from the Argentine Real Estate Chamber (CIA) showed that there is a greater intention to purchase real estate, which would indicate a trend towards increased demand.
Likewise, in January of this year, an increase in visits to department sale publications in CABA from Mercado Libre was observed, as reported by the entity.
Source: Ambito
