08/09/2021 12:55
Clarín.com
Economy
Updated 08/09/2021 13:19
The cost of
an apartment in the North zone of Greater Buenos Aires is 28% more expensive than in the West and South zones
.
The average price per square meter in the North zone is US $ 2,327.
On the other hand, in the West and South zones the value is US $ 1,825 per m2.
In both cases, the values decreased by 0.5% compared to June, according to a study carried out by the property portal Zonaprop.
How much does it cost to buy a property in Greater Buenos Aires?
In GBA Norte, a 50 m2 two-room unit is priced at US $ 114,685, while in GBA Oeste-Sur, the average value is US $ 91,274.
In turn, an apartment with
3 rooms
and 70 m2 scales to US $ 173,413 and US $ 132,330, respectively.
The neighborhoods in the North zone that have the highest price are La Lucila (3,464 dollars / m2), Vicente López (US $ 3,231) and Olivos (US $ 3,140).
In contrast, there is the Barrio Infico, with the lowest price per square meter (US $ 1,017), followed by Boulogne (US $ 1,126) and Tortuguitas (US $ 1,149).
West and South Zone
Tristán Suárez (US $ 2,714), Adrogué (US $ 2,297) and Villa La Florida (US $ 2,257) are the most expensive neighborhoods in the west-south zone.
Don Orione (US $ 624) is positioned as the most economical town and is accompanied by Parque San Martín (US $ 652) and Villa De Los Trabajadores (US $ 751).
What are the neighborhoods with the highest profitability in Greater Buenos Aires?
Villa Rosa (5.2%), Tortuguitas (5.0%) and Boulogne (4.7%) are the most convenient locations for investors seeking income.
On the other hand, the neighborhood with the highest return in the west-south area is Laferrere (5.3%), followed by Dock Sud (5.1%) and Burzaco (4.0%).
Regarding the costs of renting in the different neighborhoods, the study shows that, in the northern area of Greater Buenos Aires, the rent for a 2-roomed, 50-m2 property is $ 42,722 per month.
On a monthly basis, it rises 3.9%.
And a property with 3 rooms and 70 m2 amounts to $ 61,972.
While in the West and South areas, the average rental value for a 2-room apartment and 50 m2 is $ 28,460.
And that of a three main rooms for $ 37,795 per month.
How are the supply and rental prices evolving?
In the northern area, the current volume of apartments on offer remains low and is positioned near the minimum of the series.
During 2020, prices suffered a strong increase (+ 80%) and,
so far this year, they accumulate an increase of 44.3%, above inflation.
While, in the West and South zones, the supply is 30% lower than the levels prior to the pandemic.
Rents accumulate a rise of 30.3% in 2021 and are positioned slightly above inflationary figures, according to this survey.
NE
Look also
Real estate prices go down: has the apartment been reached yet?
Renting a two room exceeds $ 40 thousand in the City of Buenos Aires
