Post-Pandemic Buenos Aires: is there a strong rebound in the office market?
In recent months, there has been a steady increase in rental prices. In addition, there are companies with surpluses in pesos that buy real estate to capitalize. The office market, which collapsed during the pandemic, is beginning to reverse the negative trend as the population resumes face-to-face work. In this sense, an incipient rise in rental prices is an indication of the recovery of this real estate segment. A recent survey of Mercado Libre together with the Universidad de San Andrés , based on the publications…
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 drama of renting in Buenos Aires: sky-high prices, 6-month agreements and lots of vacant properties
While a change in the law that has been in force since 2020 is being debated in Congress, the market reacts with higher prices, less available supply and lots of informal contracts. Once again the Rental Law is at the centre of the controversy. While its modifications are debated in Congress, for now without definitions, the market continues to retract: today, the owners decide to extend the contracts for very short periods or even keep their properties empty, further reducing the number of properties on offer…
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.…
The decline of prices in the iconic Kavanagh Building is reflected in the asking price of their most prestigious apartment, which has been for sale for 14 years, having been reduced by 57%
Its owner is an English lord who acquired the property in 2003. In 2007, he put it up for sale for USD 7.9 million. Today, he offers it at USD 3.4 million. In the building, once one of the most sought-after in Buenos Aires, there are already at least 15 units for sale due to the impact of the pandemic. The iconic Kavanagh building Located in the heart of Retiro a few meters from Plaza San Martín hides one of the most exciting stories of love and passion in the City of Buenos Aires. The most emblematic apartment…
Property values in Buenos Aires of small apartments drop up to 25% in USD in value plus there is more on offer than ever before
There are 152,000 properties for sale in the City of Buenos Aires. More than 70% are departments. The vast majority are of one and two rooms. There is little demand because there are no interested investors due to the low rate of profitability being generated by rental returns. Month by month, the real estate market breaks a new record. In June, there was a boom of properties for sale, with a total of 152,000 units on sale In Buenos Aires city . More than 70% are small apartments, the vast majority are very…
Argentine Real Estate Crisis: Profitability has slumped to an all-time low
The average return reached 2.8% this year meaning it takes 36 years to recoup the investment. Selling prices dropped in 87% of the city neighbourhoods The profitability of the properties continues its downward path and, with an average of 2.8% a year, reaching a new all-time low, according to a report prepared by ZonaProp. The survey highlights that the devaluation of the peso in August caused the price of rents measured in dollars to fall sharply. Although the sale value of the properties declined, this was…
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%…
