Few 3-bedroom units in the City of Buenos Aires

Prior to 2012, the trend over the construction world seemed to be heading this way: many construction authorizations where made for 1 or 2-bedroom apartments, unlike other years where the 3-bedroom apartments were at the top.

There are 2 main reasons that stand out when explaining why there are fewer 3-bedroom apartments in Buenos Aires: first, people now look to invest in smaller places, since they are cheaper and easier to rent. And, second, the construction businesses want to build more units in a certain space (generally a small one); generally, in the most popular neighborhoods (where the land is more expensive).

Since the beginning of the construction boom in the City of Buenos Aires, the construction businesses have looked for investors that could put the money before the construction began. Since the installments for a 1 or 2-bedroom unit are cheaper than the ones for bigger units, like the 3-bedroom units, the construction businesses went to the easiest and more safety place: smaller apartments.

So, currently, all the building that are about to be finished are smaller and have no more than 2 bedrooms. Decades ago, the trend was the other way around: the 3-bedroom units were ahead on the list, and people used to rent or buy bigger apartments. Nowadays, as we said previously, this has changed and 3-bedroom units or bigger apartments are not so popular, since they are more complicated to sell or rent, since they are harder and more expensive than smaller apartments when it comes to maintenance.