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These residential areas of Buenos Aires are in a boom, and that will precipitate a change in the property cycle of the local real estate market

The return to the office of workers cooled the demand for green, and the southern area of the city of Buenos Aires was the only one that registered record sales. The real estate market was going through one of the worst stages in terms of the low number of operations but, paradoxically, construction is experiencing a construction boom in the City of Buenos Aires and its surroundings. This phenomenon has its explanation: developers want to take advantage of a construction cost, in US dollars, that is at the…

Opportunity: how many fewer US dollars are needed now to build a house in a gated community in Buenos Aires than even last month

In dollars, the square meter is less than US$1,500, but the devaluation is not enough and the costs in pesos skyrocket. The financial instability that has shaken the economy in the last two months opened a new window of opportunity for savers in dollars from a new drop in the cost of construction: in July, building a house in a country house fell to less than USD 1,500/ m². However, despite the continuous devaluations, the strong inflation in pesos in construction means that costs in US currency are maintained…

Pointed “Financial Times” editorial on Argentina: “Financial ruin is lurking close by”

It called for more harshness from the IMF and cast doubt on the competence of Silvina’s Batakis’ plan: “The political and economic odds are seriously against her.” The Financial Times portrayed a dark horizon for Argentina, in the midst of the economic and social crisis that afflicts the country. The prestigious British media published a strong editorial on the situation: it said that “financial ruin is on the horizon” and cast doubt on the effectiveness of the plan of the…

In Buenos Aires, there is a lot of Residential Real Estate for sale, but few buyers: there are 163,000 Buenos Aires apartments on sale and less than 2% of the operations are completed

Although prices have fallen 34.7% in three years, according to one report, sales have improved little. San Telmo, San Cristóbal and Mataderos are among the neighbourhoods where prices fell the most The real estate stock is above 163,000 units, and only 1.57% of what is offered is sold. The excess of properties is so great that at the current level of demand, it takes 6 years to absorb all the real estate for sale in Buenos Aires when the historical average was two years. This was confirmed by Real Estate Radar,…

In Argentina, the unstoppable rise of the American Dollar: how the rise in the informal currency exchange ( Blue ) affects construction, rents and property prices

The parallel exchange rate started today up to $41 higher than on Friday, when it reached $280; although at the end of the day it ended at $260 In a convulsive start to the week after the resignation of Martín Guzmán, the Ministry of Economy and the unbridled rise of the blue dollar , which started the day $41 higher than on Friday, uncertainty is growing in all economic sectors given the scenario of exchange rate instability while a new cabinet is being formed. Within the real estate sector, the alarms began…

The most beautiful and exclusive street in Buenos Aires is called Arroyo but is also affected by the current downturn: how much is the value per square meter now?

It is one of the most emblematic and coveted arteries of the Federal Capital, with historical values among the most expensive in the market, but opportunities do appear The physiognomy of the City of Buenos Aires has neighbourhoods with completely different characteristics from each other. Whether due to urban and architectural issues, the presence of premises with brands valued in the market or, also, due to the lower price per square meter. Each neighbourhood has its most coveted corners, where property values…

Real estate: the market for offices and commercial premises in Buenos Aires begins to pick up momentum

With the return to face-to-face work, and increased activity, the demand for corporate spaces is beginning to increase. Little by little, along with the recovery of economic activity, the office and commercial premises market is beginning to reverse the negative trend that had marked it during the pandemic, especially in the downtown area of Buenos Aires. Various surveys show an upturn in the rental and occupancy levels of these properties. Although the segment still has a lot to recover from the advance of…

Apartment owners in Buenos Aires? where can you get a return of 6% in US dollars

The rent in the houses of Greater Buenos Aires doubles the average return of the departments in the City of Buenos Aires. In which city areas are buying to rent still a good deal? According to the latest report prepared by the University of San Andrés and Mercado Libre at the AMBA, in April 2022, there was a 0.5% drop in the median sales price in dollars per square meter of houses and apartments. The year-on-year drop in the case of the departments accumulated a decrease of 7,5%. But, while the prices of properties…

The four most expensive apartments in Buenos Aires and how many millions they are sold for

It is not news that Puerto Madero, despite being a young neighbourhood, it is one of the most expensive, exclusive and luxurious areas of the city. Buenos aires city . The old area of Buenos Aires ports became the epicentre of high-end homes and an attraction for many investors: today it is the most sought-after neighbourhood. Aneighbourhood of the feminine street names It became an area adored for its many attractions: countless gastronomic shops, parks that paint the blocks green, the Humor Museum, the Woman’s…

In more detail, the largest real estate project in 35 years in Recoleta, Buenos Aires

This is a mega-development in Callao and Santa Fe, where NorthBaires invested USD 150 million and has already sold 80% of the units. It partially occupies what was the Cine América and is now a complex of apartments and offices in the classic European style. The m2 averages USD 5000m2. An exclusive 53,000 m2 mixed housing and office project in the heart of Recoleta, Callao and Santa Fe, is already 80% sold and it is the most important work of the last 35 years in this traditional Buenos Aires neighbourhood.…

Argentine Crisis: the Real Estate Sector approaches 2001 levels

In July there was an improvement compared to June, but those numbers of real estate sales in the city of Buenos Aires does not reflect the 14 months of consecutive year-on-year decline, a historical cycle similar to what happened after the 2001 crisis, although still far from the exchange rate crisis, during the presidency of Cristina Kirchner, which caused 25 months of falling prices. Last July there were 3208 operations, according to the Colegio de Escribanos porteño, 18.7% more than in June, but a 27.6%…

For the second consecutive month, the prices of the properties in Buenos Aires fell

April and May changed a stable previous trend by tilting the course of prices downwards. 73% of the districts recorded a decrease or a stagnation of prices generating a concrete possibility for the investors looking for a home for savings a great opportunity not seen for many years. According to a report prepared by the Zonaprop portal, after a period of five months of stable values (November 2018 to March 2019), for the second consecutive month, the sale prices of the properties showed a slight downward trend,…
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