He price per square meter for property sale in CABA rose 0.3% in October and is located in US$2,321while accumulating an advance of 6.6% so far in 2024 and rises 7.2% compared to the same month last yearaccording to a recent market survey.
This is the greatest year-on-year advance since December 2018 when the sector was going through a period of prosperity thanks to the UVA mortgage loans. The data arose from the publication of the report of Zonaprop.
Properties in CABA: how much does it cost to buy an apartment?
A studio apartment has an average price of US$102,267while a department of two environments is located in US$122,963 and one of three environments in US$169,082.
Puerto Madero presents the most expensive offer, with an average price of US$5,985 per m2. They follow him Palermo and Belgrano, with average prices of US$3,212 per m2 and US$3,030 per m2respectively. On the contrary, Lugano It is the most economical neighborhood for acquisition, with an average price of US$983 per m2. They follow him New Pompeii and Villa Riachuelo with a cost of US$1,388 and 1,505 per m2.
In October, 75% of the neighborhoods registered monthly price increases, while 94% registered a year-on-year increase and only 6% maintained a year-on-year decrease.
Properties in CABA: deeds increased by 30.4% in the last year
He volume of deeds of the City of Buenos Aires in September 2024 it increased by 30.4% compared to the previous year, with a total of 5,157. This is the best month since 2017.
Starting in July, there has been an increase in the volume of writings, after minimum levels that ranged between 3% and the 6%. In September, the number of deeds with a mortgage represents 14% of the total, 4.2 times more than a year ago and 70% above the August 2024 indicator.
He measured construction cost in dollars rose a 34.6% in 2024, a factor that drives the increase in the prices of well units US$2,741 per m2 brand new US$2,745 per m2. Building today costs 2.9 times more than in October 2020, the lowest in the series, and 30.2% above the 2012-2023 average.
Rentals in CABA: prices advance below inflation
The average price rose 3.4% in October and accumulates an increase of 57% in 2024almost half of the inflation recorded in the period (108%).
A department of two environments is located in $524,907 monthly, while a studio apartment is rented for $440,643 monthly and one of three environmentsby $707,201 monthly.
Within the neighborhoods, the first in the ranking continues to be Puerto Maderowith an average rental price of $982,766 monthly. Nunez and Palermo complete the podium, with an average value of $592,943 and $588,461 per month, respectively. At the far end, Lugano, Liniers and Avellaneda Park, They are positioned as the most economical neighborhoods with values of $391,050, $435,474 and $447,759 monthlyrespectively.
Source: Ambito
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