so the price per square meter dropped

olives, the town of the northern corridor of the first cordon of the GBA has always been characterized for being an area with a homogeneous residential fabric, where the individual dwellings on own lot. However, there too the supply of departments and now they are offered with prices almost 9% lower than last year.

However, in the last decade, although in a concentrated form within its central area or following the corridor of the Liberator Avenue, grew in height -like most of the towns in the suburbs- from the strong impulse that the private construction of buildings multifamily.

Within this 7.7 km 2 area, the Real Estate Reporting consultant carried out a survey of the area surrounding a sector of the downtown area of ​​Olivos and the Port (on the corridor of Av. Del Libertador, from Av. San Martín to Diaz Vélez street).

From the survey of the Real Estate Report, it appears that the average value in dollars per m2 of the sample is 8.78% lower in July of this year than a year ago. The current average listing value reached US $ 3,941 per square meter, compared to US $ 3,331 last year.

Where to buy in the North Zone ?: the price ranking

Although there is no sector that is not being hit by the coronavirus pandemic, the sector real estate It has already been falling for two years, and that is why with the sales rates so low, a revision of the values ​​is being made.

At the end of June, a comparison of the apartment prices located in the northern area of ​​the Buenos Aires suburbs.

According to a survey by the specialized portal Zonaprop, the average price claimed by owners of North Zone it is:

• For a two-room apartment of 50 square meters it is $ 118,500
• For a 3 room apartment of 70 m2, it is around $ 165,900

Thus, the average price of a two-room apartment in the North Zone is higher than that of a three-room apartment in the West-South Zone, since in the first region a 2-room unit is priced at $ 118,000, while in the municipalities of the west and south of Buenos Aires a department of 3 main rooms is around 116,000 dollars.

Regarding the average price per square meter, in the North Zone it is located at $ 2,368; while in the West-South Zone it is $ 1,751 per square meter.

Real estate prices by municipalities

By municipalities, in North Zone The units located in the matches of:

– Vicente López ($ 2,790 / m2)

– San Isidro ($ 2,717 / m2)

– San Fernando ($ 2,707 / m2)

– Tiger ($ 2,404 / m2).

Below average are:

– Escobar ($ 1,957 / m2)

– Pilar ($ 1,897 m2)

– Argentine Falklands ($ 1,721 / m2)

– San Miguel ($ 1,695 / m2)

– General San Martín ($ 1,628 / m2)

– José C. Paz ($ 1,506 / m2)

How to take advantage of the investment

Before the shot of the counted with liquidation and the Dolar blue, large numbers of people consider the possibility of taking advantage of foreign exchange that they have in portfolio to move to bricks or fields, since the prices of both urban and rural properties measured in dollars are minors to those prior to the pandemic.

The question is to choose appropriately, and to know what are the tax effects on the future wealth tax and what happens in the event of a possible sale of said property, said Santiago Sáenz Valiente, from the SSV & Asoc study. The first, since it will surely be before The ownership of two properties, if they are both urban, will be to determine which of them will be permanent housing, said Sáenz Valiente.

For the specialist, it will surely be convenient to move, for example, to the house that he had planned to acquire as a weekend home, paying attention to the valuation rules in the Tax on Personal property and the situation regarding the future sales tax.

It is that the acquired house would be registered at its acquisition value, less amortization, which will surely have a much higher valuation than that house or apartment that it had in its heritage for several years. checkYes, said Sáenz Valiente, that the value does not exceed $ 18 million, today equivalent to US $ 257,000 at the official price, but whose effective value would be, considering the price of the MEP dollar, of $ 28,270,000. If the tax value is less than those $ 18 million, being a house exempt of the Personal Property Tax.

And in the event of a future sale, if the property acquired is registered as a dwelling house, no tax will be paid, not even the Property Transfer Tax (ITI), precisely because of its status as a permanent dwelling, said Sáenz Valiente.

In the event that it cannot be registered as a house, and is registered as a second property, the property purchased will remain taxed by Personal property the value of the deed plus the expenses of the notary public and others, less amortization, at the rate of 1.25% for the country’s assets, being a significant increase.

On the other hand, for the property that has been in its assets for a long time, its valuation would surely be based on the 2017 tax valuation updated by inflation.At the time of the sale, how this property was acquired after January 1, 2018, when changed the law, a cedula tax of 15% will be paid.

The sale price in pesos, that is, dollars by official quotation, must be compared with the cost price in pesos according to the deed, also at the official quotation if it had been acquired in dollars, said Sáenz Valiente, and warned that, so that there are no inconsistencies In personal declarations, the deed must be made in the same currency of the money that is saved by the taxpayer and was destined to the purchase of that property.

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