Demand for real estate is growing and opportunities are appearing in Buenos Aires neighborhoods

Demand for real estate is growing and opportunities are appearing in Buenos Aires neighborhoods

September 18, 2024 – 15:00

On September 30, the first stage of entering the regime implemented by the Government ends and inquiries for property purchases increase.

He real estate market is in constant dynamism. On September 30th the first stage to enter the money laundering process ends and it is expected that these last few days will attract a significant number of interested parties. estate small, one- and two-room apartments are so far the most in demand by those who have already entered the regime established by the Government in search of dollars.

“What we are seeing is a genuine interest in the bleachI don’t know if it will have the same impact as Mauricio Macri’s at the time, but there is strong movement. Many people are taking advantage of the opportunity to launder $100,000 without any cost.“, said Gabriel Brodsky, Chairman of Grupo Predial.

“What I also see is that it has a lot to do with the fact that the rental market became more dynamic, since the DNU was applied and the market started working again. In addition to that, the annual rate that the investor generates from the rental income, whether traditional or temporary, was restored and returned to logical values. And apart from that, there is the possibility of capitalizing at the equity level because, for example, 4.5% of annual rental income is charged on the value of the property, but if in addition that property is valued because the market is restored and improved, you end up earning not only from the rent but also from the increase in the price of that apartment,” added Brodsky.

Definitely, many investors are betting on bricks again, since the estate are an asset that started to rise. The market is waking up and both the bleach like mortgage loans, are part of this dynamic.

It is also worth noting that the cost of construction measured in dollars increased by 13.1% in 2024. This increase is one of the reasons that drives the price of brand new apartments.

Money laundering: real estate market awaits a boom in enquiries

“At the beginning of August, the number of dollar deposits was stable and gradually increased. It rose to an average of US$100 million per day and now we have reached US$350 million per day,” said Fabián Achával, CEO of Achával Properties, who said that these numbers show the interest in money laundering. “At the moment the dynamic is very good, at the macro level we see good numbers. I don’t know if we will reach the impact of Mauricio Macri’s money laundering, but I think it will be quite successful. The consultations are not massive, but they have already begun; the accountants are the ones who are working the most in this stage. Once stage 1 is over, which ends on September 30, the strongest consultations will begin,” said Achaval.

Opportunities to buy properties in CABA

He bleach offers the opportunity to buy both used and brand new properties, in well or land. There is a wide range of possibilities for those who want to enter today bleach.

According to data from Zonaprop, Palermo, Belgrano and Caballito are among the most sought-after neighborhoods, with properties on offer ranging from one-room to four-room apartments.

The southern part of the capital is where the cheapest options are concentrated. Lugano has an average price of US$995 per square meter. Nueva Pompeya US$1,390/m2 and Villa Riachuelo US$1,426/m2. In these three neighborhoods you can find options of up to US$100,000, as well as in Balvanera, Parque Patricios, Flores and San Nicolás.

Source: Ambito

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