He real estate market is active. Although there is an increase in the price of properties, there is a segment that, contrary to what is happening, had drops in its prices.
According to the Property and Rental Price Survey of Mercado Libre and Udesa, the stock of property publications located in the AMBA in November registers interannual variations in the median sales price in dollars per m2 of houses in the -4.8%. Regarding the departments, a variation of the 6.3% compared to November 2023.
Distinguishing between Greater Buenos Aires (GBA) North, South and West and considering the interannual changes, we observe falls in the price in dollars per m2 of houses -2.6% in CABA, -3.9% in GBA North, -3.1% in GBA South, and -9.0% in GBA West.
The price of apartments increases
For its part, in the case of apartments, in CABA, GBA North, GBA South and GBA West, interannual variations in the sales price of 9.6%, 2.1%, 4.4% and -0.4% are observed, respectively.
If the inter-monthly variations are considered (compared to October 2024), the change in the price per m2 in dollars of houses is -0.4% in CABA, -0.3% in GBA North, 0.1% in GBA South and GBA West.
For its part, in the apartment market, in November 2024, inter-monthly variations in the price in dollars per m2 of 0.4% in CABA, -0.3% in GBA North, 0.2 in GBA South and -0.2% are observed. in GBA West.
Exploiting the granularity of the data by neighborhood, in CABA, the largest year-on-year drop in the sales price in dollars per m2 of apartments occurs in Barracas, with a variation of -1.2%. For its part, within the GBA, Quilmes is the municipality that registers the largest year-on-year drop in the sales price in dollars per m2 of houses (-9.9%); In the case of the departments, the largest drop occurs in La Matanza (-3.3%).
Mortgage loans impact demand
In November, the increase in demand (measured through contacts) stands out. In this regard, the demand for apartments for sale registers an increase of 63.0% compared to November 2023. This increase in demand is explained by a combination of factors including the greater dynamism of the sector in recent times, to which is added the reactivation of mortgage loans.
Source: Ambito
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