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Sunday, December 04, 2022

The Key to Buying Well: What Kinds of Property Investors Are Losing in Today

Historically, brick served as a store of value. Despite the economic crisis and fluctuating real estate prices, constructions are traditionally sold in dollars, which allows savings to be protected in another way rather than hiding foreign currency under the mattress. Even then, The purchase of a square meter does not guarantee that it will be sold at the same actual price at which it was purchased Nor is it a reputable product with high demand. For example, the average square meter price fell 35% from 2019 to now.

What was a “safe” bet in the real estate market then? “From real estate operations (ROI) surveys, we know what sells the most and this gives us an idea of ​​the likelihood of the sale of something we are going to evaluate. Three rooms are king: it’s the typology that sells the most and that has been the case in the four years since we had the data. Then the two environments follow”, defined Soled Balyan from Maur Inmobiliaria at Expo Real Estate 2022.

Instead, ROI information shows that investors or end consumers who once bought as much A studio apartment as the largest typology department Those in the market at the moment they have less chance of selling it Since, at present, they are the units that are the least sold in the city of Buenos Aires.

,Studio apartments have a much higher supply than demand, while other types have a slightly higher balance.”, says in conversation with Balyan Country, Just as a higher supply of sales affects publication prices that want to be competitive, Broker Explains that it also has an effect on the rental market: “To me, the data shows” Lack of interest from investors to buy studio apartments, This is also reflected in the decline in rental offers as the studio apartment is the type that is the least and is the most sought after. This is a segment that was previously very virtuous on the investor side and demand side as prices did not move as much due to excess supply. However, the law harms investors and tenants.”

The distribution of sales by number of rooms was as follows:

In the meantime, According to the notice published in zoneprop the proposal did not validate the demand, If you treat the offer in cake form, the delivery details will be as below:

The Most Sought After Are Three-Room Apartments, While The Most Offered Are One-Bedroom Units.
The most sought after are three-room apartments, while the most offered are one-bedroom units.

The characteristics of the unit, such as location or age, are factors that directly affect the price. According to data from Real Estate Radar, 77 percent of sales in the first half of this year were without apartments facilities70% were without garages and only 11% had units in towers, while the final number stood at 19% in 2019.

Another important fact is that the owner needs to sell the apartment, an urgency that sometimes leads to lowering the valuation to finalize the operation. As per ROI analysis, While 14% of bidders in 2019 had owners rushing to sell, that number has doubled in recent years to reach 32% in 2022., what is this for? “I understand that when there is rush to sell, it is related to the perceived opportunity cost of having money in the brick. What are people stopping to do to have money in an apartment? They may have a super substitute or may need to move immediately when they are in a hurry. So the increase in the percentage of people who are in a hurry to sell may have to do with the higher proportion of people in those circumstances,” concludes Balyan.

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