With the end of summer, the Atlantic coast closes a more than positive season, with an increase in the influx of tourists and also real estate investments in the various cities. Among them, Pinamar stands out, where the market offers encouraging signs.
There, 15% more properties have been sold this year compared to the 2022 season, growth driven mainly by the sale of land to build homes. Also apartments located in residential developments with Approvals contributed to the dynamism of demand, concentrated mainly in Pinamar Norte, the area with the strongest growth.
According to market estimates, more than 300 properties have been sold, including land, apartments and houses.
“The novelty this year was the new batches of the second Tamarisco community and, due to the strong market demand, we brought forward the presale of the third community called Cortaderas”, he explained to GlobeLiveMedia Richie Edelstein Partridgeby Castex.
For its part, Javier too, of the firm Balmoral explains that the purchase requests have increased during the season and that this interest is continuing in March. “Demand is varied, both for land and single-family homes and for comfortable apartments (especially at the well stage) with amenities,” says the specialist.
Since the arrival of the pandemic, many young families, mostly with young children and people leaving their working lives, have moved to different parts of the coast.
Part of the demand rents first and then decides to buy in Pinamar. They bet on lots to build housing in a private neighborhood or on well-financed apartments that pay in a financed way
In addition to the demand in private neighborhoods, the search to invest in the heart of the city of Pinamar has also increased.
Robertino Castelbajacof the Marcel company, explained to GlobeLiveMedia that “sales on the real estate market were more active. There is a strong demand for high-end properties, both houses and apartments, a clear example is the new development called Luxury Parc on Avenida Bunge, which has Approvals luxury, safety, more spacious garages, for example”.
Pinamar is the coastal city that has increased its stable population the most since 2010. According to the 2022 census, it grew from 25,778 to 40,259 inhabitants, representing a growth of 56.48%. Many people in Greater Buenos Aires and CABA choose Pinamar as their second place of residence or to reside year-round due to the possibility of telecommuting.
“In recent months, major multi-family developments have been launched in the La Frontera area such as Foresta, Grove, Serena Folk, which are category buildings that offer apartments close to the beach and the forest; and with Approvals“, Detailed Castelbajac
BTwins Norte is also progressing in the neighborhood at the corner of Avenida Libertador Norte and Boulevard Humboldt, a few meters from the beach, with a masterplan comprising 65 units of 2, 3 and 4 rooms. But also in the center of Pinamar there are new developments such as the Luxury Parc on Avenida Arquitecto Jorge Bunge, a few meters from the commercial center of the city.
“It’s a classy building, where design, comfort and quality stand out. Between the Approvals The ATV and UTV washes (4×4 utility vehicles with tubular structure or roll cage), laundry, in and out swimming pools, coworking room, two terraces and grills on the mezzanine and another SUM with terrace and grill on the top floor stand out, “says -il. Castelbajac.
In the communities of Tamarisco and Cortaderas de Bosques, the lots are sold from 79,000 USD, the delivery time is 36 months from the signing of the ticket.
In BTwins Norte, the 2-room apartments have surfaces of 74 m2, the 3-room apartments have 107 m2 and the 4-room apartments have 164 m2; include terraces. Prices start at US$2,350 per m2 and units can be paid for with financing for up to 24 months.
In Luxury Park, the houses range from 2 to 4 rooms from the 1st to the 4th floor and from 4 rooms between the 5th and the 7th floor; and surfaces from 57 m2 to 122 m2. Values range from $193.00 to $424,000, and financing is offered with a 30% down payment plus installments until possession which can be in dollars or pesos, adjusted by the Argentine Chamber Index building (CAC). Possession is scheduled for March or April 2024.
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.
For tips or news submission: firstname.lastname@example.org