The sales and purchases of real estate in the province of Buenos Aires reached 3,422 operations last January. What do the prices reflect?
The purchase and sale of real estate in the province of Buenos Aires last January they reached 3,422 operationsaccording to the statistics compiled monthly by the Buenos Aires College of Notaries.
The number marked a drop of 11% compared to the values that had been registered in January 2023 (3,851), and a 74% decrease compared to last December (13,129), although in the latter case such a drop can be explained, at least in part, by the seasonality of the market.
Regarding mortgages182 were registered in January, which represents a decrease of 57% compared to the previous month (426) and a year-on-year drop of 56% (413 in January 2023).
“Beyond the ups and downs that we have been observing, and after a 2023 that remained at similar levels to those of the previous year, what we hope in these first months of 2024 is that better conditions may appear for the recovery of activity. As always , We consider that Mortgage credit will be key to being able to achieve it“explained the president of the provincial College of Notaries, Diego Molina.
Buenos Aires: which are the cheapest neighborhoods to buy in the northern area
The average price of apartments in GBA Norte is USD 2,169 per m2, rising 0.2% in the month and maintaining a constant increase since Nov’23, according to Zonaprop.
He middle two-room apartment and 50 m2 has a value of 107 thousand dollars. A dept. with 3 rooms and 70 m2 reaches 160 thousand dollars.
In this framework, the cheapest neighborhoods to buy are:
- José C Paz: US$911 m2
- Argentine Malvinas: US$1,146 m2
- San Miguel: US$1,454 m2
- General San Martín: u$s.1,546 m2
Buenos Aires: which are the cheapest neighborhoods to buy in the West and South areas
The average two-room apartment of 50 m2 has a value of 107 thousand dollars. A dept. with 3 rooms and 70 m2 reaches 160 thousand dollars.
- Hurlingham: US$1,033
- Moreno: US$1,233
- Merlo: u$s.1,298
- February 3rd: US$1,418
- Florencio Varela: US$1,433
Source: Ambito
