In the third quarter of the year, the average value of the square meter in the City of Buenos Aires accumulated an increase of 2%. A 40m2 property costs US$101,909.
The average price of square meter It rose 0.6% in September and stands at US$2,315, a7.6% above the minimum recorded in June 2023 but 17.3% below the maximum reached in March 2019, according to Zonaprop data.
In the third quarter of the year, the average value accumulates a rise of 2% and exceeds that registered in the same period of 2023 (0.6%). So far this year, this number is 6.4%.
How much does a property cost in CABA?
A 40 m2 studio apartment is located in US$101,909while a two-room apartment has an average price of US$122,650 and one of three environments, US$168,647.
It should be noted that in August, the volume of writings was 28% higher than the same month in 2023, according to the City’s College of Notaries.. 8% of the deeds were carried out with a mortgage, double that of a year ago (4%).
The volume of apartments for sale discounted stood at 21% in September, while the average discount made remains at 6.4%. These two factors explain the change in the price trend registered since July 2023. In September, 88% of the neighborhoods in the City of Buenos Aires present monthly price increasesdata similar to that recorded in 2017.
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Building costs 2.7 times more expensive than October 2022
The construction cost measured in dollars rose 24.8% in 2024. The increase in replacement cost directly impacts the price of well-built apartments (US$2,712 m2) and brand new apartments (US$2,727 m2). Building today costs 2.7 times more than it did in October 2022minimum of the series, and 19.8% above the 2012-2023 average.
Puerto Madero presents the most expensive offer, with an average price of US$ 5,970 m2. Palermo and Belgrano follow, with average prices of US$3,205 m2 and US$3,025 m2, respectively. On the contrary, Lugano is the most economical neighborhood for acquisition, with an average price of US$984 m2. It is followed by Nueva Pompeya (US$1,400 m2) and Villa Riachuelo (US$1,430 m2).
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.
