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Buying and selling of real estate in the province: slight rebound in June, but recovery is still far away

2021-07-23T12:58:02.679Z

1,036 more operations were carried out than last month, according to the Buenos Aires Notaries Association.



07/23/2021 9:35 AM

  • Clarín.com

  • Economy

Updated 07/23/2021 9:36 AM

Real estate sales operations in the province of Buenos Aires marked

a growth of 16.5% last June

, that is, 1,036 more operations were registered compared to the previous month, the Buenos Aires Notaries Association reported today.

However, according to the president of the institution, Diego Leandro Molina, it is still

far from talking about a sector in recovery.

The statistical survey carried out by the professional entity determined that in June

there were a total of 7,324 purchases, compared to 6,288 transactions registered in May. 

From one month to another, the total amounts also increased, in this case by 67.5% ($ 43,086,853,458 in June and $ 25,728,242,513 in May).

"The registered numbers show an increase in operations.

However,

it is not possible to consider it as significant and that prevents us from talking about a recovery in the real estate market.

The difficulties that affected our activity in the last time are still visible," he said the president of the Buenos Aires Notaries Association, Diego Leandro Molina.

apartments with a sign for sale of apartmentsphoto MARCELO CARROLL buenos aires the real estate bubble deflates the prices of a real estate's windowed properties fall

Regarding the year-on-year comparison,

the June numbers reflected a 286% increase in the total number of acts,

due to the fact that the comparison is against one of the months with less activity due to the

isolation measures ordered during the first wave of coronavirus.

Regarding the statistics of mortgages registered in the province,

in June there was also a month-on-month growth, which in this case was 24.2%, with 369 acts.

"We believe that the engine for the reactivation of the real estate market is the mortgage loan

, and in that sense it is worth highlighting the signing of the agreement carried out days ago between our College, the Procrear program and the Mortgage Bank," said Molina.

He considered that

"it is a concrete action, with scope throughout the Province

, which will facilitate access to loans by citizens and, thus, boost the activity."

Real-estate market

According to the latest Zonaprop report, in June the sale prices fell 0.5% in the west-south zone and 0.6% in the north zone.

The average value of the square meter in the west-south zone was US $ 1,834

.

For its part,

in the northern zone it amounted to US $ 2,339 per square meter.

According to the ZonaProp survey, in the west-south, a unit with 2 rooms and 50 square meters has a price of US $ 91,891, while in GBA Norte the average value scales to US $ 115,423.

In turn, he affirmed that a 3-room, 70-square-meter apartment in the west-south area costs US $ 128,104 and in the northern area its value is US $ 174,117.

The square meter, in

Tristán Suárez is located at US $ 2,732,

in Adrogué at US $ 2,312 and in Villa La Florida at about US $ 2,242.

That is the most expensive neighborhoods in the west-south zone.

In the cheapest ones, on the other hand, prices drop considerably.

This is the case of

Don Orione, in which the square meter is obtained at US $ 623

;

in Dock Sud at US $ 750 and in Villa Besada it is at US $ 808.

In the northern neighborhoods, on the other hand, the most expensive are:

La Lucila, the square meter reaches US $ 3,485

, Vicente López, just below, to US $ 3,292 per m2, and Olivos to US $ 3,146.

In the same area, the cheapest neighborhoods are: Infico neighborhood, US $ 1,015 per square meter;

in Boulogne Sur Mer the square meter is US $ 1,049 and in Tortuguitas, US $ 1,179.

YN

Look also

The expenses come with adjustments for the increase to those in charge of buildings

How much does it cost to build an inexpensive Procrear-type house

Source: clarin

All business articles on 2021-07-23

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