In the last twelve months, Villa Devoto increased its prices by 12.30%, followed by Saavedra with a rise of 10.94% and Caballito with a growth of 9.90%. Although currently the margins for counter-offers in the buying and selling of properties range between 5% and 6%, the condition of each property can have a significant impact on the price and the speed of completing transactions.
Experts in the construction sector estimate that renovating before selling a property can increase its value by at least 10% to 15% and attract the attention of potential buyers. From small changes like painting to improvements in the kitchen, bathroom, and living room, can generate a positive impact without large investments, although it is crucial to avoid excessive spending to recover the final investment.
The reconfiguration of the property market took place in 2024, activated by new rules on rentals, mortgage credits, and money laundering. This change represented a radical difference compared to the situation in 2020, when selling a property could take more than ten years. Sales timelines have been reduced, especially for well-valued properties located in high-demand areas, depending on the flow of buyers and the supply adjusted to market needs.
It is estimated that stock absorption will take between 12 and 15 months, approaching more dynamic historical levels. In the first quarter of 2025, selling a property may take a year and a half wait according to data from Monitor Inmobiliario. In the Autonomous City of Buenos Aires, the majority of the more than 104,000 properties offered are apartments, with an average of 4,000 deeds monthly.
Remodeling a property before selling it can increase its market value and make it more attractive to potential buyers. Small strategic renovations in areas such as the kitchen, bathroom, and living room can make the home stand out among others for sale and accelerate its marketing. It is essential to differentiate between improvements that add value and those that do not guarantee a proportional return, prioritizing functional and aesthetic changes that are attractive to a broad range of buyers.
Before embarking on a renovation with the goal of selling a property, it is crucial to assess the location of the home, local real estate market trends, and the current condition of the property. With a square meter value reaching u$s2,370, an increase of 8.4% compared to February 2023, the best-located neighborhoods and those below u$s150,000 are experiencing the highest increases. Núñez leads the ranking of neighborhoods with the greatest variation in sale prices, with an increase of 15.58% in the last year.
