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Buenos Aires: The apartments are built from 1 to 2 bedrooms

 

In 2011 it is doubled the surface area required for the construction of apartments, compared to last year. But 79% is made up of small size apartments, concentrated in the most sought areas. They are used mainly as an investment or are rented.

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BUENOS AIRES: The Palermo district even more expensive.

February 2012

The price per square foot is more than US$ 3,000. This is the average figure for the new apartments. There are areas, like the nearby Parque Las Heras, whose value exceeds US$ 4,000 per square meter.

The key for this success: good service, transportation, green area and food. Although a decade has passed, for Palermo district the building boom is far from stopping.

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ARGENTINA: 2012 REAL ESTATE FLASH NEWS

Buenos Aires: The prices of the Puerto Madero district (downtown)

The average overall value of properties under construction are located above the $ 4,700 USD/m2. However, there are also quotes above 7,000 USD and Fideicomiso subscriptions at cost (legally a form of trust) to a current value below the $ 2,900 USD/m2.

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ARGENTINA: Radiography of the Real estate market

Three quarters of 2011 has elapsed and the housing market and the development of new real estate projects continue to be in a stability cycle without considerable changes or innovations in products and places.

Market data for the third quarter of 2011:

The number of sales transactions is a few percentage points higher than the same period in 2010. In the province of Buenos Aires increased the amount of notarial acts on an annual basis, rather than in the city of Buenos Aires. The share of loans is still negligible compared to the total number of write operations.

The area is planning to build in the city of Buenos Aires has increased significantly compared to that which last year had asked the competent offices. But it is still below the best years of the decade.

The building concentration continues to prevail in the map in Buenos Aires. In the district of Palermo was built more than double that in all the south districts of the city, as a whole.

The trend is to build units with smaller rooms, almost 80% of the apartments that are built is 1 and 2 bedrooms. This years, less than 5% of the apartments in the projects presented between January and August have more than two bedrooms.

The construction increased moderately according to a poll done by INDEC in 42 common, but far from what had been recorded some years ago.

 
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