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the low prices of the properties motivate to bet on the future of the area

After months without activity and with the arrival of the home office to stay, many today decide to sell their offices that are practically without activity.

“This situation opened the doors to a new possibility that can give life to the area that stretches from Córdoba to Belgrano and Callao and turn it into a neighborhood with a more residential profile with a very different physiognomy from the pre-pandemic,” said Matias Towers, Commercial Director of Mudafy, the real estate platform that increased its offer by 27% in recent months in the neighborhoods of San Nicolás and the portion corresponding to Montserrat.

This is a possibility not only seen by citizens and investors, who seek to remodel the old offices into new spaces to live, but also by the government that has already presented a bill to make it come true, through the Sustainable Urban Development Fund. (FoDUS) -through instruments such as subsidized loans-.

As of today, 63% of the microcenter corresponds to offices: more than 600 office plots for each square kilometer, while the housing space is 20% with less than 200 plots for each square kilometer. But in this context, the Buenos Aires Department of Urban Development understands that the more than 640 office developments located in the delimited area can be retrofitted as homes.

In this way, the benefits of the area could become the requirements of many when looking for their ideal home: interconnection (subway, bicycle lanes, Metrobus all within minutes), cultural, commercial and service offer, and even proximity to the great universities in the city.

Also, these could be the requirements of tourists when looking for accommodation when visiting Buenos Aires, thus becoming an opportunity for investors, compared to units at historically low prices, which could be temporarily rented in dollars.

“We believe that the experience of Puerto Madero could be replicated, an area that managed to modernize, revalue and position itself as one of the best places in the city to live and walk” they conclude from Mudafy.

Source From: Ambito

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