The prices of the estate are on the rise. During 2024, property sales values accelerated and in 2025 the trend will continue. Various factors such as mortgage loans and money laundering partly drove the increase in prices of used apartments.
In the last quarter of 2024 there was a slowdown in the sales values of the properties. In December, an increase of 0.2% was recorded. However, throughout the year the price increase was 6.8%.
According to data from Zonaprop, the square meter is currently 8.1% above the minimum recorded in June 2023. In December, 67% of the neighborhoods registered increases in the monthly price of houses. properties.
How much does an apartment cost in CABA?
A studio apartment has an average price of US$102,478, while a two-bedroom apartment is US$123,123 and a three-bedroom apartment is US$169,385.
Puerto Madero continues to be first on the podium of the most expensive neighborhoods for purchase, with a price of US$6,021 per m2. They are followed by Palermo, with a price of US$3,215 per m2 and Belgrano, with a value of US$3,004 per m2. On the contrary, Lugano is the most economical neighborhood for acquisition, with a price of US$1 .007 per m2. It is followed by Nueva Pompeya (US$1,394 per m2) and Parque Avellaneda (US$1,510 per m2).
The volume of deeds in the City of Buenos Aires in November was 41.5% higher than that registered in the same month of 2023, with a total of 5,755 deeds. This is the best November in terms of volume since 2017. In November, 17% of deeds were carried out with a mortgage, 4 times more than a year ago (4%).
The cost of construction increases and impacts the price of well units
For its part, the cost of construction measured in dollars rose 52.7% in 2024, a factor that drives the increase in the prices of well-equipped units (US$2,801 per m2) and brand new units (US$2,755 per m2). m2). The increase in the cost of construction impacts the final sale price of the properties. properties or in a drop in profitability for the developer.
Building today costs 3.3 times more than in October 2020, and 47.7% above the 2012-2023 average. This translates into a drop in the demand for well works. Buyers, seeking to protect their pockets, are becoming more interested in used properties whose prices have not yet risen as much as new developments.
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.
