It’s a good time to invest in propertiesMoney laundering, mortgage loans and a flat dollar are causing interest in purchasing real estate to increase, as demonstrated by the latest data on deeds in CABA.
Now, is it worth buying one? property Used or in a well? Obviously, it depends a lot on the interests of the investor, but prices are not a minor issue. According to a report on ventures in the City of Buenos Aires carried out by the classifieds portal Zonaprop, The average price of the units in the well is US$3,689 per square meterSince the change in trend in November 2023, prices have increased by 13.6% and are 12% below the peak reached in August 2018.
How much does it cost to buy an apartment in Pozo?
A two-room apartment of 50 m22 in the well is located at US$132,864 while a three-room apartment of 70 m2 costs US$209,204.
The number of apartments in the pit is 27% higher than the number of used apartments (US$2,122 per square meter) however, they remain 0.3% below the price of brand new apartments (US$2,696 per square meter).
Puerto Madero presents the most expensive offer in the City of Buenos Airesgiven that the average price is US$6,310 m2. It is followed by Palermo (US$3,624 m2) and San Telmo (US$3,604 m2). On the contrary, Villa Riachuelo is the most accessible neighborhood for acquisitionwith an average of US$1,574 per m2. Parque Avellaneda and Vélez Sarsfield complete the podium of the most affordable neighborhoods, with average prices of US$1,620 m2 and US$1,706 m2.
The supply of units in the pipeline recovers after two years of decline
In 2024, The supply of new ventures has increased by 2.4%. In August it rose 5% after two years of decline.
Units with up to two rooms represent 65% of the total supply of units in the pit. They decreased by 13 percentage points compared to the beginning of 2022, when they represented 72% of the supply. The remaining 35% is oriented towards units with three rooms or more.
Villa Ortuzar is the neighborhood with the highest supply of units in condominiums, 36.8% of the total for sale ads correspond to this type of property. It is followed by Núñez, with 21.3%, and Colegiales with 20.2%. On the other hand, Villa del Parque is the neighborhood with the lowest supply of units of this type, the for sale ads represent only 10.2%.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
