Spring is already beginning to arrive and with it, inquiries for summer holidays on the coast are starting to pick up. The big question is what demand will be like this season in a context where gastronomy and tourism are suffering.
In Carilothe top beach resort on the coast, the inquiries are coming in cautiously. However, real estate agents assured that they expect the rebound to come in the next few weeks, when Argentines already begin to plan their vacations.
How much does a beachfront house cost?
“There are some houses that have maintained last year’s prices and others have increased their value in dollars by 10% to 15%.“, explained Silvia Melgarejo, head of Constructora del Bosque.
Although prices vary according to the type of property and location, for reference, a house for 5 people in the first half of January costs US$4,000, while other more modern or beachfront houses can be had for between US$8,000 and US$15,000.
Yes ok The prices are very differentthere are options for all tastes and budgets.
In search of cheaper prices
“By this time last year our clients had already rented us the beachfront units, but this year The same customers are looking for cheaper options”, said Joaquín Bustillo, Manager of Celtis. “Customers have lowered their categories. For example, they now look closer to the shopping center to thus reducing expenditure by 20-30%“This had never happened to me before,” he said.
Walking to find better prices is not only a reality for basic products. On the coast, and even in the country’s top seaside resorts, people also walk to find better rental prices. People give up a little on the distance to the sea or rent older properties, but they still choose the destination.
Another characteristic of times of lean pockets is that tourists reduce the number of services they hire. “Before they used to hire all the services, cleaning every day. Now they are hiring him only once a week“Bustillo added.
“We always had a lot of public from all the provinces of Argentina, Mendoza, Córdoba, La Rioja, it was a wealthy public that booked in advance and that public, for now, is not there,” he concluded.
Neighboring areas benefit
Last year a phenomenon occurred that will most likely be repeated this year. It is the Spillover effect of Pinamar and CarilóMany people who may not be able to afford to rent in these resorts choose to look in areas such as Valeria del Mar or Ostende, which are close by but have more affordable options.
Even a few kilometers from Pinamar and Carilobut with high prices, there are also the neighbouring Costa Esmeralda and Northbeach, in the Costa district. In recent years they have exploded in popularity due to their safety, proximity to the sea and services.
In Northbeach, a beachfront apartment rents for $250 to $300 per day. While in Costa Esmeralda, prices are similar to those in Carilo.
Source: Ambito
