Property prices in the Argentine real estate market

In earlier times the conditions in the Argentine real estate market, which were more favorable for all buyers, sellers, developers and realtors. Unfortunately the current situation is very different, as our local market began to suffer the consequences of the international economic crisis.

In property prices was coming to give a raise of about 30% per year, currently have no such prices climbing, there are very few products that have increased their value

Also note very carefully the behavior of buyers, and analyzing if the investment made in property or in another area, in the past the investment property was the preferred

We started to notice that the property prices in some areas, are positioning themselves to reality.
We also note that in Argentina, not the sharp drop in prices, markets were the U.S. and Europe, but still owners who want to sell their property immediately, know that this sale is achieved only with reduction from 10 to 15% of the price.

In the first half of 2008, was noted the further escalation of property prices, from August of that year, prices stopped rising and stabilized at the value they had attained. But still the year 2008 closed with very high prices.
During the first months of 2009, it was noted that contributions in dollar maintained its value, and what stands out is that at the time, in some neighborhoods of Buenos Aires, you can not talk about price per m2 in area, now is valued more maintenance, services and terms of the properties, these factors greatly influence the price of the property.

The calm that is observed in the market is given because that is going to buy a house or apartment, it takes time to make sure the transaction, visit all the properties that interest you, check with people you trust, making offers that knows will not be accepted, and only concrete once the operation is safe to do it, and by the seller's situation is also expected, very well considering the offers that you do and only sell if the offer is good, or if you urgency to sell, a result of these comings and goings, market still no operations, without investments.

Another major player in the Argentine real estate market is the dollar right now the dollar is going up, the properties are valued in dollars, so the owner sees that his property does not lose dollar value, and uses it to shelter and not sold.
By the buyer on the dollar is a way to keep their savings, and while not increase more than expected, not detached from them.

By the time real estate investors are not putting money for new projects, noting an important decline in construction, and further shrinking the supply, ie no new offer there as he had in late 2008, a factor that influences the maintenance of property prices.

With respect to the application, the great middle class of Argentina, is limited by lack of credit and mortgages, most people can not access credit or loans to buy or build, so that whoever buys it does with money genuine household savings, so you can not expect real estate revival on the part of this demand. An important applicant until last year, was the field, many put their earnings in buying property for the time that demand is still due to problems in the sector.

The forecasts of experts and Network Property Argentina. Org, tell us that the rest of the year 2009, showed sluggish housing market, but hopes for a recovery later this year.