Real Estate Price Trend In Bsas

[garryl]

According to the study of UADE, the apartments in Recoleta, Paleromo, Belgrano and Nunez are the highest among different barriors, new ones are US$2527/m2, up 0.59% from last year. Second hand apartments price (average) is US$2165, down 4.6% from last year. Market is stable and soft.

 

[Alicia karr]

Interesting info. Thanks for posting

 

[GS_Dirtboy]

Yes, soft and stable. The average price of an apartment is like asking the average price of a car. Pretty worthless info.

The trends we have seen are:

1. Prices in Recoleta, Palermo Soho, Palermo Hollywood, and "other" Palermos running between U$2,200 - U$2,700 per m2. If you have a fantastic property in a new building with full amenities (such as Palermo Uno) then you can charge a premium.
2. Very very few foreign buyers. Most buyers now are Argentine.
3. Economic indicators suggest no price increases over the next 12 months.
4. Lots of inventory waiting to be listed for sale when the market "recovers."
5. Any recovery will be slow due to the underlying economic fundamentals of Argentina.
6. Dropping short-term rental occupancy and rates. Consistent drop of between 20% and 25% per year over the past 4 years. Drop will continue due to rising inflation.

Enjoy your Saturday.

GS

 

[garryl]

Yes, soft and stable. The average price of an apartment is like asking the average price of a car. Pretty worthless info.

The trends we have seen are:

1. Prices in Recoleta, Palermo Soho, Palermo Hollywood, and "other" Palermos running between U$2,200 - U$2,700 per m2. If you have a fantastic property in a new building with full amenities (such as Palermo Uno) then you can charge a premium.
2. Very very few foreign buyers. Most buyers now are Argentine.
3. Economic indicators suggest no price increases over the next 12 months.
4. Lots of inventory waiting to be listed for sale when the market "recovers."
5. Any recovery will be slow due to the underlying economic fundamentals of Argentina.
6. Dropping short-term rental occupancy and rates. Consistent drop of between 20% and 25% per year over the past 4 years. Drop will continue due to rising inflation.

Enjoy your Saturday.

GS

In this case, is this article fake/misleading ? http://www.forbes.com/sites/kenrapoza/2015/03/10/investors-getting-ready-for-argentinas-real-estate-resurrection/

 

[jbeas176]

gs and forbes are both right. gs understands the present market. forbes understands the global interest in real estate and timing a down market. of note, the argentine real estate market was somewhat stable because, where else can you park money. I continue to watch the interest and support of the REIT,s. they have been in my market for the last 4 years and very active. there is real interest from the financial community in buying into a down market. looks more stable than equities or just balancing a portforlio no se.

 

[jbeas176]

hello Greece and Spain....

 

[garryl]

There are companies are already buying in Spain now, buying nice hotels. Greece is diff story.

 

[Ceviche]

is it worth buying anything in BA this year, garryl?

 

[garryl]

is it worth buying anything in BA this year, garryl?

Probably not, the market has not crashed, no blood on the street. If the market returns, probably it will not jump and you still have time to pull the trigger. If market tanks, you have more time to wait. Many foreign buyers who can speak good Spanish and live in BsAs usually got a better deal. It was the blind foreigners who paid too much and probably already left the country. So you have plenty of chance. If the election result causes a disaster, I would buy in a heart beat, not worry if it is a bottom price.