The average price of rent for a two-room apartment in west-south GBA rose 5.7% in September and stands at $350,157 per month, while a three-room apartment costs $453,848 per month.
In the last quarter the increase in prices accelerated, rose 16.8%4.6 percentage points above the accumulated increase during the second quarter of 2024 (12.2%). It is currently 26% below the price registered in northern GBA ($473,179 monthly) and 31% lower than that of CABA ($507,422 monthly). gBA west-south accumulates an annual increase in rents of 68.3%
What are the most expensive neighborhoods to rent in Greater Buenos Aires west-south?
Canning, Ezeiza and Sáenz Peña are on the podium of the most expensive neighborhoods in the west-south areawith average prices of $468,639 per month, $429,0045 per month, and $414,377 per month, respectively. On the contrary, Gregorio de Laferrere is presented as the cheapest, with a price of $251,490 per month. They are followed by La Tablada ($258,468 per month) and Merlo ($278,979 per month).
Renting a two-room apartment in GBA north costs $473,179
On the other hand, the average rental price in northern GBA increased by 5.1% in September and a two-bedroom apartment costs $473,179 per month. One with three rooms and 70 m2 has an average value of $669,691 per month. In the third quarter of the year the values rose 15% and accumulate an annual increase of 63.3%38.3 percentage points below inflation.
Rincón de Milberg leads the ranking of the neighborhoods with the highest offer with an average price of $641,069 per month. They are followed by Nordelta and Olivos, with a value of $605,205 per month and $571,264 per month, respectively.
Los Polvorines, on the other hand, continues to be the neighborhood with the cheapest offer, with an average price of $343,581 per month. They are followed by José León Suárez ($344,723 per month) and San Miguel ($381,854 per month).
Buy-sell market: prices increased by 0.4% in the last three months
In the third quarter of 2024, West-South GBA sales prices accumulate an increase of 0.4% and an annual increase of 0.5%. In September, the average value per square meter is US$1,604. Currently, the average price is 18.7% below the peak reached in July 2019.
A two-room apartment of 50 m2 has a value of US$80,405.while one with three rooms and 70 m2 costs US$116,018.
Tristán Suárez, Don Bosco and Villa Udaondo are the three west-south GBA neighborhoods that register the most expensive offer for the acquisition, with average prices of US$2,826/m2, US$2,570/m2 and US$2,279 /m2, respectively. On the contrary, San José is presented as the most economical option in the area, with an average value of US$467 /m2. It is followed by Don Orione (US$617/m2) and El Jagüel (US$773/m2).
In northern GBA, the average price of a two-room apartment remains stable and is located at US$2,220 per square meter. In the third quarter of the year it rose 0.4% and in 2024 it will accumulate an increase of 2.5%.
A two-room, 50m2 apartment has an average value of US$110,804, while a three-room, 70m2 apartment costs US$163,423.
La Lucila continues on the podium of the neighborhoods with the most expensive offer in GBA Nortewith an average price of US$3,260/m2. Vicente López (US$3,234/m2) and Olivos (US$2,956/m2) complete the ranking. On the other hand, Boulogne Sur Mer has the most economical offer, with an average value of US$887 m2. It is followed by José C. Paz Oeste (US$947/m2) and Loma Hermosa (US$948/m2).
Real estate profitability continues to rise
In west-south GBA the rent/price ratio grows and stands at 4.44% annually. It takes 22.5 years of rent to repay the purchase investment, 25% less than a year ago.
Ezeiza, Villa Tesei and Caseros are positioned as the best neighborhood for investors seeking income, with an average of 5.9% gross return each. On the other hand, those with the lowest profitable advantage are Adrogué (3.8%), Lomas de Zamora (3.9%) and Banfield (4%).
In northern GBA, the rent/price ratio rises and stands at 4.30% annually. Currently it takes 23.2 years of rent to repay the initial investment, 26% less than a year ago.
Belén de Escobar, San Andrés and San Miguel are the neighborhoods in the area with the highest profitability, with 6.2%, 6% and 5.8% of gross return, respectively. On the contrary, La Lucila and Vicente López are the ones with the lowest return, with 3.5% each.
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.
