The average transaction percentage for property sales was 7%, which is a 1.7% drop compared to the same quarter in 2023.
Real estate sales have grown exponentially compared to previous years. And just as the market has become more dynamic, it has also undergone changes. According to the latest Real Estate Operations Survey (ROI), prepared by 25 real estate agencies, during the second quarter of 2024 the average percentage of transactions for the sale of properties properties was 7%which is why it fell by 1.7 percentage points compared to the same quarter of 2023 and 0.4 percentage points compared to the first quarter.
After five years, haggling finally converged to the same value as during the first quarter of 2019. To reach this conclusion, operations that have a high average ticket were analyzed. estate with a lower ticket or fewer rooms are showing slightly more limited negotiation percentages.
How much did the m2 of used properties increase?
During the first half of the year, oil prices square meter residential sector sales increased by 2.4% compared to the same period last year. According to the report, this average hides a heterogeneous dynamic, with the most centralized increase in tickets up to US$100,000. Price stability is still observed for tickets over US$200,000.
For its part, during the second quarter of the year there is evidence of a price increase of 3.5% compared to the first quarter of 2024 and 3 consecutive quarters of growth have already been accumulated.
Compared with prices at the beginning of 2019, the cumulative decline by the second quarter of 2024 was 27.3% in nominal terms and 40.9% in real terms, i.e. adjusted for inflation in the United States.
What is the most popular type of property to buy?
The most sold during the first half of 2024 were the 3-room apartmentsrepresenting 28% of transactions. The 2-room segment is the second most popular, with 25%, followed by 4-room apartments with 24%. The smallest (studios) and the largest (5 rooms or more) are the typologies with the lowest demand.
On average, the studio apartments sold have a total area of 35m2, the 2-room apartments 48m2, the 3-room apartments 82m2 and the 4-room apartments 127m2 (including the uncovered square meters)
Few amenities and no garage
- 67% of sales were of units without a garage.
- The apartments at the front represented 60% of the sales during that year.
- 64% of the apartments sold have a balcony.
- 80% of sales are of units in buildings without amenities.
- 16% of the apartments sold have a unique view and 10% are located in a tower.
Source: Ambito
