Natalia Muscatelli
12/31/2020 12:46 PM
Clarín.com
Economy
Updated 12/31/2020 12:46 PM
Carlos and Ana anxiously await, in their house bought 25 years ago, the visit of the owner of a trusted real estate agency called to appraise the property.
After showing the property, the couple is surprised to hear a figure that is at least 25% different from what they had estimated, according to some prices that they were able to survey on specialized online platforms.
"It is the reasonable value that can be asked if they want a buyer to appear," the auctioneer sentence without euphemisms, aligned with the policy of not "overcharging" the property even at the risk of losing a client.
This picture is part of the situation that the real estate market is experiencing, marked in recent years by the high prices of the units that historically resist to fall.
At what average value in dollars per square meter are the apartments published in the City of Buenos Aires and how much are they selling?
According to the analysis carried out by Soledad Balayan, real estate market analyst and owner of
Maure Inmobiliaria
, based on a report from Re / Max and the November report from Zonaprop, there is
a clear gap between the values that are published and the final values of the operation that takes place.
According to these data,
this
gap
averages 22% according to a survey in 16
Buenos Aires
neighborhoods
.
And, particularly in some areas, the “counter offer” reaches
40%,
as is the case of San Telmo.
Meanwhile, Barracas, Recoleta and Villa Urquiza have the lowest offered and final price gap in the table, with an average of 16%.
Almagro,
for example, exhibits average sales prices of US $ 2,002 per square meter for studio apartments and US $ 1,886 for two and three rooms, while the price published in Zonaprop is US $ 2,432.
In
Palermo, that distance averages 21%
and in
Retiro, 37%
.
According to the data provided by the real estate companies, in
Belgrano
, a studio apartment can be sold for US $ 2,440 per m2 or US $ 2,793 for a larger apartment, but the published prices reach US $ 3,185.
In another typical neighborhood, such as
Flores
, the average published price is US $ 2,246 per m2, although the sale and purchase transaction finally closes at a value of US $ 1,762, according to these surveys.
According to Remax's experience, in the City of Buenos Aires, the type of property that had a lower margin of negotiation with respect to the value of the publication was the apartments, which were also sold in a lesser number of days.
On the other hand, the
properties that took the longest to sell were the land, and as a consequence they also had a greater negotiation margin.
What happens in Greater Buenos Aires
When analyzing other areas of Greater Buenos Aires, the trading percentage with respect to the published value showed quite homogeneous results.
For example, in the North zone, premises and offices were found to have the highest gap (14.52%).
And that also happened in the West zone, with a
gap
of 16.41%.
On the other hand, in the southern part of the GBA, the departments concentrated the highest published and actual sales price gap with respect to other products, with 37.98%.
The distance that mediates between the published prices and those of the actual operations is explained by the
market's resistance to lower prices
.
According to a recent report by Mercado Libre together with the University of San Andrés, the sale value in dollars per square meter of new properties published on the platform
fell 1.2% in November compared to the previous month and 6% in the comparison year-on-year.
At the same time, home sales values fell 1.6% month-on-month.
The municipalities where house prices in dollars fell the most were General Rodríguez, in the West zone and Pilar, in the North zone: in both cases there was a 31% year-on-year drop.
Meanwhile, in the City of Buenos Aires, the greatest decrease occurred in properties located in
Mataderos, Parque Chacabuco and Palermo, with 10%, 9% and 8%,
respectively.
NE
Look also
The 10 factors that moved the real estate market in 2020
The rise in the dollar pushes property prices down