According to the latest report from the Zonaprop property portal, the sale prices of apartments have registered little variation since February 2024. How much do they cost today and which are the neighborhoods with the highest profitability.
According to an analysis carried out by the property portal, Zonaprop, The average rental price of an apartment in the city of Córdoba registered an increase of 15.1% in 2024, which led to a real drop of 62.1%.
In this way and according to the platform’s report, renting a two-bedroom apartment costs 283,624 pesos per month while a two-bedroom has a monthly value of 359,839 pesos.
According to the areas of the capital of Cordoba, Escobar leads the ranking of the most expensive neighborhoods to rent, with a monthly price of 343,208 pesos per month, followed by Villa Belgrano and Nueva Córdoba, with a value of 310,057 pesos per month and 305,010 pesos per month, respectively.
On the opposite side, San Martín (202,000 pesos per month) continues to be the most accessible neighborhood in the city, followed by General Pueyrredón (253,169 pesos per month) and Alto Alberdi (256,840 pesos per month).
As for the purchase-sale market, the value of these properties rose 8.3% from May 2023 year-to-date.
In this line, The average price of apartments in Córdoba is $1,214 per square meter46% less than the same property located in the Autonomous City of Buenos Aires (2,243 dollars), while this value registered an increase of 0.8% in May, while since May 2023, it has accumulated an increase of 8. 3%.
Thus, according to these data, a apartment with one bedroom in the city of Córdoba is located at $64,002while one with two bedrooms costs $88,843.
Regarding the price by neighborhood, the areas with the most expensive offer for sale are Arguello with 1,558 dollars/m2Pueyrredón with 1,286 dollars/m2 and Central with 1,242 dollars/m2, while Monseñor Pablo Cabrera (811 dollars/m2), Empalme (914 dollars/m2) and Ruta 20 (1,046 dollars/m2) are the cheapest.
As for the neighborhoods with the highest sales price, Villa Belgrano (1,915 dollars/m2), Los Arboles – Valle Escondido (1,913 dollars/m2) and Cerro de las Rosas (1,876 dollars/m2) lead the ranking. While Ampliación San Pablo (536 dollars/m2), San Vicente (611 dollars/m2) and General Bustos (617 dollars/m2) are the most economical.
Finally, according to the profitability analysis, last month, the gross return decreased. In this way, the rent/price ratio stands at 6% year-on-year and 16.7 years of rent are needed to repay the purchase investment, 8% less than a year ago.
It should be noted that according to the report, Providencia and Observatorio are the best neighborhoods for investors seeking income, with a gross return of 7.4% and 6.8%, respectively. On the contrary, the neighborhoods with the lowest profitability are Villa Belgrano (3.9%), Argüello (4.5%) and Escobar (4.5%).
Zonaprop is the online real estate classifieds portal in Argentina that is part of Grupo Quinto and offers an extensive selection of properties: houses, apartments, land, commercial offices and ventures to rent or buy.
