Buenos Aires property census information
The recent national census in Argentina reveals some interesting facts about the demographics of Buenos Aires. The census is carried out in Argentina every ten years and always throws new light on the countries residents and the property market. One of the most curious outcomes of the 2010 census is that experts have come to realise that the city’s population hasn’t changed in 40 years and yet the amount of metres squared of property developed into homes has increased, which has affected the city’s property market. If Buenos Aires has the same amount of people, why are more homes needed?
The Buenos Aires real estate market has experienced a boom in the last few decades with prices and demand going up and up. But if the population hasn’t increased then where has all the demand for new properties come from?
The changes in the structure of Argentine society have fed the demand that has occurred over the last couple of decades. One of the revelations that the census shows on Buenos Aires property is that the size of families has dropped from an average of four people to only three. The typical family in Buenos Aires is now made up of two parents and one child. Parents are choosing to have fewer children than forty years ago, perhaps because of the high cost of raising a child in Buenos Aires. These own child families mean that although the population remains the same, the people are split into smaller groups, thus occupying more properties.
Another of the causes for this demographic anomaly is that more and more people are living on their own. Traditionally, in the past, people moved out of the family home to get married and to move in with their new spouse. This tradition, however, is diminishing as young people fly from the family nest simply because they want to live on their own. It is now acceptable for people to live on their own, which again results in more metres squared of property to be occupied. Presently, the average amount of space the home of a Buenos Aires citizen occupies is 52 m2. In 2001, ten years ago, the average person took up only 31 metres squared. Census information on Buenos Aires property also shows that the growth in one-bedroom apartments, due to this trend of living alone, has meant that each person occupies more space. The people of Buenos Aires are spreading their wings and occupying more territory of this bustling metropolis.
According to the census information on Buenos Aires property, the increase in the amount of developed property, without the increase in population, in Buenos Aires is also down to the fact that many people from surrounding provinces and the greater Buenos Aires region are buying up city crash pads in the capital. Everyone wants a piece of the action, but if the trend was to continue along the same course and everyone lived alone then there would not be enough room for everybody.
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BUENOS AIRES HABITAT a pioneer of the extended stay hotel-style apartment concept in Buenos Aires. Offers luxurious furnished apartments in Buenos Aires for temporary rent as an alternative to high-class hotels. Whether your visit is for a few days or a few months, for vacation or business trip, we will make your Buenos Aires experience memorable. All of our Buenos Aires apartments offer high-speed internet access, cable TV and housekeeping service.
The Buenos Aires real estate market has experienced a boom in the last few decades with prices and demand going up and up. But if the population hasn’t increased then where has all the demand for new properties come from?
The changes in the structure of Argentine society have fed the demand that has occurred over the last couple of decades. One of the revelations that the census shows on Buenos Aires property is that the size of families has dropped from an average of four people to only three. The typical family in Buenos Aires is now made up of two parents and one child. Parents are choosing to have fewer children than forty years ago, perhaps because of the high cost of raising a child in Buenos Aires. These own child families mean that although the population remains the same, the people are split into smaller groups, thus occupying more properties.
Another of the causes for this demographic anomaly is that more and more people are living on their own. Traditionally, in the past, people moved out of the family home to get married and to move in with their new spouse. This tradition, however, is diminishing as young people fly from the family nest simply because they want to live on their own. It is now acceptable for people to live on their own, which again results in more metres squared of property to be occupied. Presently, the average amount of space the home of a Buenos Aires citizen occupies is 52 m2. In 2001, ten years ago, the average person took up only 31 metres squared. Census information on Buenos Aires property also shows that the growth in one-bedroom apartments, due to this trend of living alone, has meant that each person occupies more space. The people of Buenos Aires are spreading their wings and occupying more territory of this bustling metropolis.
According to the census information on Buenos Aires property, the increase in the amount of developed property, without the increase in population, in Buenos Aires is also down to the fact that many people from surrounding provinces and the greater Buenos Aires region are buying up city crash pads in the capital. Everyone wants a piece of the action, but if the trend was to continue along the same course and everyone lived alone then there would not be enough room for everybody.
Go back to Argentina Real Estate News:
Argentina Real Estate Trusts - Investments in Construction at Cost in Argentina
Property Prices are predicted to increase by 20% in 2011
BUENOS AIRES HABITAT a pioneer of the extended stay hotel-style apartment concept in Buenos Aires. Offers luxurious furnished apartments in Buenos Aires for temporary rent as an alternative to high-class hotels. Whether your visit is for a few days or a few months, for vacation or business trip, we will make your Buenos Aires experience memorable. All of our Buenos Aires apartments offer high-speed internet access, cable TV and housekeeping service.
