Why the m2 in the northern GBA may be a better investment than in CABA, according to experts

Real estate experts suggest that properties in the northern part of the Greater Buenos Aires (GBA) region could offer better investment returns compared to those in the City of Buenos Aires (CABA). This assessment comes amid a shifting real estate market influenced by economic and political dynamics. According to analysts, while prices in the GBA north may not necessarily be significantly lower than in CABA, the combination of entry costs, sustained demand, and potential for value appreciation makes the northern corridor more attractive for investors. Alan Flexer, manager of the Residential Division at Narvaez Inmobiliaria, highlights that the key factor lies not just in price differences but in the balance between purchase cost, demand, and future value growth. He notes that certain neighborhoods within the northern corridor allow buyers to access competitive property values while achieving higher rental yields than currently available in CABA. Additionally, there is consistent demand from families and young professionals seeking larger spaces, green areas, parking, and amenities without sacrificing proximity to urban centers. Santiago Mieres, director of Mieres Propiedades, agrees with this perspective, emphasizing structural differences between the two markets. He points out that the CABA corridor faces greater competition compared to the northern area. The northern corridor offers products that blend urban convenience with open environments featuring green spaces and riverfront access, which are increasingly valued by younger demographics and middle-aged individuals. Mieres explains that these properties provide a less congested urban experience, combining natural surroundings with urban connectivity. Flexer adds that the developmental stage of different markets within the GBA north presents unique opportunities. Unlike CABA, where many neighborhoods have matured in terms of pricing, the northern corridor includes markets at varying stages of consolidation. This diversity allows for investment opportunities that might be harder to find in CABA. Mieres supports this view, noting that highly sought-after developments, both residential buildings and housing projects, are often located near urban centers but outside them, enhancing their value due to the demand for space and natural settings combined with connectivity. Both experts agree that reduced competition in the northern zone benefits investors. While CABA hosts numerous competing projects and developments, the northern corridor maintains a more limited supply, allowing well-positioned properties with distinctive features to stand out more easily. Mieres summarizes that the northern area attracts buyers looking for green spaces, amenities, and proximity to rivers, highlighting its appeal. Despite these advantages, Flexer cautions against generalizing the findings. He stresses that not every property in the northern corridor will automatically yield better returns than one in CABA. Factors such as location, connectivity, product quality, and purchase price remain crucial. The opportunity, he argues, lies in identifying specific markets with growth potential where the relationship between purchase cost and potential income generation is particularly appealing. Experts conclude that the northern corridor currently provides a mix of active demand, desirable property attributes, and evolving markets that can lead to a more favorable investment equation compared to the city center. Investors are advised to carefully evaluate each opportunity based on individual criteria rather than making broad assumptions.