The real estate profitabilitywhich is measured by the number of years of rent collection it takes to recover the initial investment of an apartment, recovers on par with the market, although the price slowdown of homes could negatively affect.
In it Greater Buenos Aires (GBA) presented, in March, a better profitability since fewer years of rental were needed for an owner to recover the investment required to purchase an apartment.
Meanwhile, in the City of Buenos Aires (CABA) profitability fell after reaching a peak in December similar to that of 2012, but fewer years of rental are needed than in the province to recover the initial investment made in an apartment.
These data arise from the reports on the apartment market of CABA and GBA north, west and south of Zonapropwhere, in addition, information is collected on the increase in prices of this type of housing and the average values by type of functional unit.
How many years of rental does it take to recover the investment of an apartment in GBA?
In GBA North, the rent vs. relationship price grew in March and stood at 3.8% annually. That is it took 26 and a half years of rent (at March costs) to recover the investment of purchasing an apartment, 14% less than a year ago.
Belén de Escobar was positioned as the best neighborhood in terms of profitability during the third month of the year with a gross return of 5%. They followed Pillar and Manuel Albertiwith a gross return of 4.9% each, while Lucilla and Vicente Lopez were the ones with the lowest gross return, with 3.4% and 3.6%, respectively.
In GBA west-south, the rent vs. relationship The price also rose slightly and stood at 3.71% annually. That is it took 26.9 years of rental to repay the purchase investment. As in the northern area, this represents 14% less than a year ago.
Among the locations that had the best profitability in March in the west-south zone, Citadel led the ranking with an average of 5.8% gross return. They followed Saenz Pena (5.6%) and Holy Places (5.3%), while those with the lowest profitable advantage were drugged (3.3%) and Lomas de zamora (3.3%).
How many years of rental are needed to recover the investment of an apartment in CABA?
In the Federal Capital, the City of Buenos Aires, for its part, the rent vs. price stood at 4.7% annually and continued to decline after the peak marked in December, with a gross return of 5.8%, similar to the values of 2012.
“The reason for the decline is due to the slowdown in the increase in rental prices”they explained in the report Zonaprop.
In this way, in March it took 21.4 years of rental to recover the investment. In annual terms this represents 4.2% less than what was required a year ago.
The CABA neighborhoods with the best returns were Balvanera and Paternal, with an average return of 5.7% and 5.6%, respectively. While Palermo (4%) and Belgrano (4.1%) are those that generated the least profitability.
Source: Ambito
