2024-03-27 17:20:24
The repeal of the rental law continues to bring relief to the real estate sector, since not only did the supply of rented homes increase, but there was also a strong increase in the sale of properties. That is why to analyze in depth the rise in the real estate market, this medium spoke with the president of the Chamber of Real Estate Services Companies, Mariano García Malbrán.
“We have excellent news that we are enjoying a lot and that is that It was the best February in the last 6 years in terms of property sales in Argentina,” commented Mariano García Malbrán. “For us it is a great satisfaction and we hope that From now on, the best times will come for the real estate sector”he added.
The offer in the sale of real estate increased by approximately 200%
Later, Malbrán stated: “In the city of Buenos Aires, more than 4,500 operations were closed, a very high number compared to where we came from.” Later, he stated that, “it is not comparable with the best moments that were more than double the number of operations, 9,000 operations during one month in 2017but we believe that the residential real estate location sector has improved a lot, The offer increased almost 200% after a practically zero shortage”.
“Properties available for rent are appearingsomething that has not happened for a long time,” said the interviewee, who later added: “It is good news because, despite the high values and the crisis that the Argentine people are going through with the adjustments and, especially, the tenants, The truth is that With the prices, tenants are having the possibility of having some type of negotiation with the owner in terms of value and updating.”
Prices fell by up to 45% in dollars
On the other hand, the president of the Chamber of Real Estate Services Companies stated: “Prices fell between 35 and 45% in dollars from the beginning of the pandemic to today.” Along the same lines, he stressed that, “it is key to highlight that this loss has already reached his level and The sales prices of certain units are already beginning to risesuch as two-room apartments.”
“With this dollar that is quite stabilized, It is a good time to buy a property”said Malbrán. Finally, he said that, “whoever buys an apartment at this time will be able to rent it very quickly and with a good profitability in dollars and We estimate that between now and December 2025, the value of that property will increase between 30 and 45%”.
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