The price drop in the Province of Buenos Aires it continues. According to a report prepared by Zonaprop, The Province of Buenos Aires registers sales price declines in the north, west and south.
In GBA North there was a decrease of 0.4% in the month of September and the downward trend resumed, despite two consecutive months of increases. In 2023 it accumulates a decrease of 1.4%. For its part, a two room apartment and 50 m2 in the North GBA has a value of US$107,076 and one with three rooms and 70 m2, US$160,105.
- Tristán Suárez ($3,020/m2)
- Don Bosco ($2,265/m2)
- Ranelagh ($2,184/m2).
GBA prices: which are the neighborhoods with the lowest prices
- Villa Libertad (u$s820/m2)
- José C Paz (u$s913/m2)
- José C Paz Oeste (US$924/m2).
On the other hand, in GBA West and South Prices fell 0.3% in September and the value per square meter stands at $1,606. Register the lowest strong price compared to the northern zone and CABA with an accumulated 4.0% in the year. A two-room apartment of 50 m2 in this area has a value of US$79,211, while a three-room apartment of 70 m2 reaches US$117,991.
- Don Orione ($584/m2)
- Freedom ($625/m2)
- Dock Sud ($737/m2).
Real estate: what happened to profitability in GBA
The profitability in GBA North regresses compared to the previous month and stands at 3.20% annually. That is, it takes 31.2 years to recover the purchase investment, 3% less than a year ago. The La Lonja and Belén de Escobar neighborhoods show a gross return of 5.8% and 5.4%, respectively. In that sense, they are the best neighborhoods for investors looking for income.
In GBA West and South, profitability rises slightly and stands at 3.33%. Which means that it takes 30.0 years of rental to recover the purchase investment, 9% more than a year ago. The Wilde and Santos Lugares neighborhoods They are positioned as the best neighborhoods to invest with a 5.8% and 5.6% gross return, respectively.
Source: Ambito
