A new era of the real estate market begins in Buenos Aires: property sales rose 24% in August
The real estate market is slowly beginning to recover. According to data from the Association of Notaries of the City of Buenos Aires, in August, 3,117 acts of purchase and sale of real estate were signed, 23.8% more than a year ago. In addition, the third consecutive month in which the barrier of 3,000 operations has been broken, something that has not happened since 2018. For specialists, the new era for the sector begins. The numbers are positive and bring hope in a sector hit hard in the last four years.…
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…
