The price of the departments rises, but that of the houses drops in dollars: what causes that disparity

When compass of real estate market, real estate prices – generally – are tending to the rise. This is especially noticeable in the field of the Federal Capital and Greater Buenos Aires, where The departments have been registering a greater demand, in great measure by the Reactivation of mortgage credit. On the other hand, in houses, the values ​​record low in dollars. What obeys this behavior disparate prices?

Considering the stock of active properties publications located in the Metropolitan Area of ​​Buenos Aires (AMBA) relieved by Mercado Libre and the University of San Andrés, interannual variations are recorded (January 2025 compared to January 2024) of the medium sale price in sale in dollars per m 2 of houses that show an average drop of 2.7%. While, in the departments, a positive variation of the 7,1% In the same period.

German Gomez Picasso, real estate report analyst, explains that: “The fall of the houses on average is pushed by the strong decline in them in the west zone with -8.2% in the last year. Surely in this case The security factor is key to such a decrease ”dice.

“On the other hand the departments rose in the same period 7.1% driven by The revaluation of the units located in the city of Buenos Aires which increased 11% in the last year. This fact was due at the low and historical value of the departments units and The current Mortgage Credit penetration ”.

According to the analyst, “it is clear that this fact of strong Value falls in the houses refers to averages and would not contemplate houses located within country or closed neighborhoods In the west zone, for example, ”he warns.

The Mercado Libre report indicates that “distinguishing between Greater Buenos Aires (GBA) North, South and West and considering the year -on -year changes, variations in the price in dollars per m 2 of houses of -2.6% in CABA are observed, of 0.1% in GBA Sur, and -8.4% in GBA West “.

“Interannual variations of prices in North GBA were registered. On the other hand, in the case of the departments located in CABA, GBA Norte, GBA Sur and GBA West are interannual variations of the sale price of the 11,0%, 2,9%, 6,4% y 2,1%, respectively.

When analyzing the intermensual variations (compared to December 2024), the change in the price for m 2 in dollars of houses, Sample 1.7% falls in North GBA, 0.2% in South GBA and 0.9% in GBA West. “Intermensual variations of prices were not registered in CABA. For their part, in the departments market, in January 2025, the intermennsual evolutions in the price in dollars of 0.8% in CABA, of -0,2 % in North GBA and 0.2% in GBA Sur and GBA West.

Finally, the online sales platform report shows that “exploring the granularity of the data per neighborhood, in CABA, the largest year -on -year variation of the dollar sale price per m² of departments was recorded In Villa Ortuzar, with an increase of 19.3%”.

For its part, in GBA (excluding neighborhoods of CABA), Pilar is the municipality that records the largest year -on -year variation in the sale price in dollars per m² of houseswith an increase of 8.4%. In the case of departments, the largest year -on -year variation corresponds to La Plata, with an increase of 15.9%, due to a strong increase in demand, according to the contacts of the platform. In this regard, lOn demand for sale for sale in CABA records an increase of 40.4% between December 2024 and the same month of 2023.

This increase in demand would be explained by a combination of factors, among which are the greatest dynamism of the sector in recent times, to which it adds The reactivation of mortgage loans in recent months.

Otherwise, the lower propensity of buyers to the houses lies basically in the highest prices. Besides, greater investment is required to maintain them. Something that discourages many buyers