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Slideshow: Top 10 Buenos Aires Neighborhoods (Average Price Increase)

On February 15, 2011, In real estate, by InvestBA



Recently we took a closer look at which neighborhoods in Capital Federal posted the strongest gains in average residential price increases in 2010. The study, which was carried out by Reporte Inmobiliario, focuses on the average price of existing 2 or 3-room apartment active listings in every BA barrio.

That Palermo topped the list for another year was not nearly as surprising as the 15-20% annual gains in four southern neighborhoods benefiting from increased investment from the City of Buenos Aires: Barracas, Constitucion, Nueva Pompeya and Parque Patricios. Today we present a slideshow of the Top 10 neighborhoods along with aerial maps, population data and a side-by-side bar graph comparison of the Top 10.

For more information about real estate opportunities in Buenos Aires, download IncomeBA.

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Slideshow: The Top 10 Buenos Aires Neighborhoods Based on Average Price

On November 17, 2010, In foreign investment, real estate, by InvestBA

Last week’s Salon del Mercado Inmobiliario brought thousands of property peddlers, purchasers and prognosticators to Palermo for the annual real estate Expo. Despite rising inflation and the political uncertainty leading up to the 2011 elections, the lingering mistrust of banks and lack of viable investment alternatives bode well for Buenos Aires real estate in the coming year. On the second day of SMI, iProfesional published a Reporte Inmobiliario ranking of BA neighborhoods based on average price per square foot of an existing 2 or 3-room apartment.

Today InvestBA presents that ranking in slideshow format with photos and Google maps. The ranking compares properties in each barrio based on median price per SF in July 2009 and July 2010. It’s interesting to note the strongest double-digit price increases occurred in the most affordable barrios like Villa Urquiza and Saavedra while the two most expensive neighborhoods actually showed YOY price declines.

As mentioned last week, the oversupply of small 1 and 2-room units is leading many developers to the more affordable BA barrios where they can build more spacious 3 and 4-room apartments. New Subte stations, shopping centers and GCBA cultural offerings are making these neighborhoods more attractive destinations for locals and foreign investors alike. (Note: Given the lack of existing 2 & 3-room inventory, Puerto Madero was excluded from the list.)

For more information about real estate investment opportunities in Buenos Aires, download the new issue of InvestBA Privada.

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BA Property Search: US$200,000 to $500,000

On October 14, 2010, In real estate, by InvestBA



This week’s InvestBA Property Search shows a sample of 10 active residential listings in several Buenos Aires neighborhoods priced between US$200,000 and $500,000. Some of the properties are 80-110 years old, most are move-in ready and the majority offer good cash flow potential as PHs or boutique rentals in some of the City’s most desirable neighborhoods. The summary slide on page 5 plots the properties on a Google map and allows a side-by-side comparison based on listing price and square footage. To zoom in on the presentation, click the Fullscreen link above or the magnifying glass below the slides.

For more information, email home@investba.com or call 1.772.933.4663 (U.S.).

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Estabilidad: Buenos Aires Construction Activity Rises 10%

On July 20, 2010, In foreign investment, real estate, by InvestBA
BA Construction

Who needs a boom? "Estabilidad" suits builders and buyers in the Buenos Aires real estate market just fine.

Recent headlines regarding Buenos Aires real estate sales activity have been improving steadily this year, and La Nacion says builders are starting to feel equally optimistic.

During the first five months of 2010, the construction industry posted a 10% increase in new projects under development, while the sale of condominiums and single-family homes advanced 7.1%, according to the Universidad Argentina de la Empresa (UADE).

The UADE’s prestigious Economics Institute compiled the data and forecast “stability” across-the-board for real estate sales, median prices and inventory of rental units. The analysis of all construction segments found the largest January-May increases in three sectors: oil and gas construction (+41%), road construction (+10.4%), and housing construction (+9%).

The UADE study offers a detailed analysis of the local real estate market where new housing inventory grew 7.1% in Capital Federal and Greater Buenos Aires. The rise in inventory was accompanied by an increase in median prices, especially in the Northern Corridor of Buenos Aires, where new condominium prices gained 9.7% in U.S. dollars compared to the same five-month period in 2009.

Median prices of existing inventory in BA posted a 9.3% gain. The greatest increase took place in the Recoleta neighborhood where the average price per square meter for new construction units rose 11.2%. Other BA barrios popular with foreign buyers posted more modest annual price increases including Palermo (+1.5%), Belgrano (+1.2%) and Nunez (+1.2%).

For more information about Buenos Aires real estate opportunities, download IncomeBA and the new issue of InvestBA Privada.

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Buenos Aires Real Estate Survey: Line Up The Usual Suspects

On May 4, 2010, In foreign investment, real estate, by InvestBA
usual-suspects

Recoleta, Palermo and Belgrano remain the Top 3 BA neighborhoods in terms of median price/SF.

A new survey of 465 players in the Buenos Aires real estate sector sheds new light on the market’s strengths, weaknesses and median price levels by neighborhood. LaNacion shares the results of the “Real Estate Scene 2010″ survey led by Mercado and Reporte Inmobiliario.

There was general consensus among the respondents that prices are relatively high in BA, and 57% believe prices will continue to rise during the course of 2010. 30% feel prices will stay flat, while 13% think prices could actually fall over the next eight months. Even greater than rising prices, 60% of those surveyed feel the biggest obstacle to home ownership for buyers in BA is, what else, the lack of financing.

The affordability outlook is similar for renters, as 64% of those surveyed believe rents will increase this year and 24% predicting the average rent increase will be greater than 10%. Despite the obstacles, the majority of respondents are bullish on the sector’s overall outlook including the prospects that new residential projects will be introduced over the next 12 months.

The general mistrust of banks means real estate is still viewed as a tangible, safe harbor asset class for buyers, while the scarcity of mortgages ensures a steady stream of future renters for those looking for investment properties in BA. In terms of median prices by neighborhood, the usual suspects remain the most expensive and desirable destinations: Recoleta, Palermo and Belgrano. Villa Devoto, Nunez and Barracas occupy the second-tier in terms of affordability while Villa Urquiza, as noted previously on InvestBA, is growing in popularity and moving up the rankings in all categories.

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