2023-11-24 22:44:00
In the third quarter of the year, searches to buy properties in the City of Buenos Aires increased compared to the rest of the Buenos Aires Metropolitan Area (AMBA). The participation of the federal capital in the total demand for acquisition amounts to 69%according to a report by Zonaprop.
However, it should be noted that in all areas of the AMBA, rental demand tops searcheswhile for the purchase, the historical trend is maintained with an average of 36%
As detailed, CABA is where the ratio of demand for purchase to advertisements is highest, 103% above the AMBA average. This relationship increased considerably compared to 2022 since 29% more searches were registered. In the case of the northern GBA, demand is 42% below the average and in the west-south GBA it is 64% below the average.
The most sought after properties
“The PHs are the properties with the greatest demand pressure in all areas of the AMBA. Currently in CABA, a PH notice receives a 60% more demand than one of a department. However, a decline in the demand for houses is visible,” they indicated from Zonaprop.
Regarding the latter, in CABA the houses receive a 10% lower demand pressure than departments. In perspective, a year ago that figure was around 20%. For its part, in GBA north the houses maintain the same pressure as the apartments, while in GBA west-south it is a 22% less than the departments.
Due to low prices, property sales skyrocketed
The report noted that the lands continue the downward trend and there is between 58% and 78% less pressure in demand compared to the departments.
Meanwhile, the most demanded neighborhoods according to the available supply are Coghlan with 90% more demand than the average. They follow him Recoleta (53%) and San Telmo (30%).
What prices are sought?
According to the report, in 2023 the search for apartments for purchase of less than US$175,000 increased (70%). The properties between US$ 100.000 y US$ 175.000 They increased their percentage, going from 28% to 32%.
An expert assures that we are facing a unique opportunity to buy properties
In CABA, the demand pressure for units that are below US$ 100,000 continues and is 37% greater than the search for properties that are between US$ 100,000 and US$ 175,000
By number of environments
“In AMBA, 58% of searches are aimed at large 3 and 4 room units. When analyzing each area, in northern GBA, 48% of the total searches are for four-bedroom units, the participation of west-south GBA is 31% and in CABA it is 24%,” Zonaprop stated.
However, CABA has the highest percentage of studio apartments with 13% and The properties of two environments represent 33% of the total.
Ads for studio apartments in the city receive 26% less demand than two-bedroom apartments. In North GBA and West-South GBA the situation is similar: demand is 12% lower and 6% lower, respectively.
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