Rising inflation, exchange tensions and political tug-of-war also affect the real estate market. and the resulting uncertainty a. continues to postpone the purchase of Department, According to Real Estate Radar data for June, with an average price of US$2,276 per square metre, the stock, which is more than 164,000 units (that’s 120,000 apartments), was sold only 1.75% in May.
One of the main problems is “the great spread of published value values”, defines Fabian Achval, CEO of Fabian Achval Properties. so where to look opportunity, Experts recommend doing it surgically: “One by one, property by property, whatever the neighborhood, volume or typology. Of course, the ratio of value is maintained between the different areas: for example, Recoleta, Villa Still more expensive than Crespo or Constitution”, he explains.
In this sense, the real estate portal Property highlights that Buying a property for rental purposes offers 7.88% annual return on investment in Villa Lugano, 5.30% in La Boca; 5.05%, in the constitution; 4.82%, in Nez; and 4.65%, Villa General Miter. On the other hand, San Telmo, Coglan, Versailles, Retiro and Belgrano appear, with annual yields ranging between 3% and 3.4%.
Palermo, the neighborhood with the largest number of apartments
As for stock, Palermo continues to excel neighborhood with 22,322 properties to rent -followed, but remotely, by Belgrano, with 12,179; and Recoleta, 12,075-. So demanded by young people and tourists, “it has very interesting projects with class facilities and units of 1, 2 or 3 rooms”, highlights Matias Chirom, general director of Bagan Real Estate Operations.
In addition, most enterprises in this area have premises on the ground floor that are usually “exploited” by some brand in the gastronomic or clothing industry, which increases and generates a lot of movement both day and night.
now so sobrestockWhere are the best bargaining prospects? The reality here is that you shouldn’t segment by region: The tendency to hear offers below list price is accompanied by fewer sales, and this can happen in less developed neighborhoods or with less demand.
in numbers, What the public buys is, above all, the end user: As per the latest ROI report, are only 11% investors, And there they go “young students who are going to live alone, newlyweds who have got help from their families to reach their first home, others who are growing up or who find themselves with very large apartments and Let’s decide to buy something else, boy,” says CEO Begun.
Palermo remains the best neighborhood to rent
But, similarly, “people with a lot of purchasing power have children who wanted to rent and couldn’t get apartments or terms, and today their parents buy a unit from them instead of renting with these terms.” Let’s decide and reference,” specifies real estate consultant Alan Schachter.
Buy a nice apartment, brand new or used?
Depending on the need and purpose of the purchase, for economic reasons, it is more convenient to do it from a well or even “when the developer is buying the land”. But If the objective is to move in and move in as soon as possible, it will be necessary to evaluate buying a new apartment or a used one in good condition, which today presents a good opportunity due to the low prices.Chirom reflects.
Wells department values were equated with new properties
And, because of the dynamism the market is experiencing,”A good property costs exactly the same as a new apartment, Although the dollar has risen in recent weeks, the dollar construction cost of wells has been rising. On the other hand, there are some new apartments which are built at affordable cost and can be sold at better prices. It’s better to buy brand new at the same price versus well, brand new, and limit the risk,” Schachter understands.
But be careful, warns Achala: “There are enterprises that are completely out of price and for which prices are requested that have nothing to do with replacement or market values., for various reasons”. What should an investor or end user do?: “Check a lot with experts to get an idea of what’s in the price and what’s not. There are assets that are worth 15 years ago and there are enterprises that have a developer who understands that he will have to rotate his stock and that will be more flexible than at any other time,” he concluded.
