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Argentina's property market is experiencing a significant recovery as we reach mid-2025, with transaction volumes surging and investor confidence returning.
After years of economic turbulence and currency instability, the real estate sector is showing clear signs of revival under President Milei's free-market reforms. Property prices in Buenos Aires have increased nominally, though real values remain below pre-pandemic levels due to inflation.
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Property prices in Argentina are rising nominally but remain below pre-pandemic levels in real terms. Buenos Aires leads the recovery with transaction volumes up 40% year-on-year and mortgage lending surging over 1,000% as of March 2025.
The market is expected to grow 7-10% annually in USD terms over the next 2-5 years, driven by foreign investment, deregulation, and improved access to credit.
| Metric | Current Status (June 2025) | Trend |
|---|---|---|
| Average Price Buenos Aires | $2,268-$5,931 per sqm | ↑ 5.49% quarterly |
| Transaction Volumes | +39.7% year-on-year | Strong recovery |
| Mortgage Activity | +1,042% increase | Explosive growth |
| Real Prices vs Inflation | Down 70% in real terms | Stabilizing |
| Foreign Investment | Rising significantly | Accelerating |
| 5-Year Forecast | 7-10% annual growth | Positive outlook |
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
What are the current property prices per square meter in Buenos Aires as of June 2025?
Property prices in Buenos Aires vary significantly by neighborhood, with premium areas commanding substantially higher prices than average districts.
As of Q2 2024, the most expensive neighborhood is Puerto Madero at US$5,931 per square meter, followed by Palermo at US$3,172 per sqm. Mid-range neighborhoods like Belgrano average US$2,916 per sqm, while Nuñez sits at US$2,808 per sqm.
The more affordable areas include Caballito at US$2,268 per square meter. Premium new developments in Palermo Soho are now exceeding US$4,000 per sqm, reflecting strong demand for modern, high-quality properties.
These nominal prices represent a 5.49% quarterly increase, though when adjusted for Argentina's high inflation, real values have actually decreased by approximately 70% year-over-year.
For context, a typical 60-square-meter apartment in Buenos Aires would cost between US$136,000 and US$356,000 depending on the neighborhood.
How much have property prices increased in Argentina during the past year?
The Argentine property market presents a complex picture when examining price changes over the past year.
In nominal terms, property prices in Buenos Aires have increased by 9% year-over-year in neighborhoods like Palermo. Transaction volumes have surged even more dramatically, rising 47.3% since July 2023, indicating renewed market activity.
However, due to Argentina's persistent high inflation (120% in 2024), real property values have actually declined by 70.7% when adjusted for inflation. This means that while sellers are receiving more pesos for their properties, the purchasing power of those pesos has decreased significantly.
The median sale price for homes in Argentine city reached US$355,000 in April 2025, representing a 38.9% year-on-year increase in dollar terms. Transaction values in Buenos Aires jumped 105.8% in pesos and 20.1% in dollars as of March 2025.
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Which Argentine cities are experiencing the fastest property price growth in 2025?
| City/Area | Growth Rate & Activity | Key Characteristics |
|---|---|---|
| Buenos Aires - Palermo Soho | Premium properties over $4,000/sqm, 8-12% expected appreciation | Trendy neighborhood attracting international investors, new luxury developments |
| Buenos Aires - Villa Crespo | 5.5% annual price growth | Emerging area with increasing demand from young professionals |
| Buenos Aires - Puerto Madero | Highest prices at $5,931/sqm | Luxury waterfront district, corporate hub |
| Rosario | Increasing investor attention | High-profile developments, second-largest city economic growth |
| Mar del Plata | Rising development activity | Coastal resort city, seasonal rental opportunities |
| Mendoza | Steady growth | Wine region tourism, foreign buyer interest |
| Córdoba | Moderate appreciation | University city, tech sector growth |
What types of properties are seeing the biggest price increases in Argentina?
Apartments, particularly renovated and modern units, are experiencing the fastest price appreciation in Argentina's property market.
Modern apartments with contemporary amenities are attracting premium prices, especially in Buenos Aires where younger buyers and international investors are driving demand. Renovated properties command significantly higher prices than older, unrenovated units, often yielding 20-30% higher rental returns.
Two-bedroom apartments in prime Buenos Aires neighborhoods are particularly sought after, with average prices ranging from US$156,000 for standard units to over US$300,000 for luxury properties. Studio and one-bedroom apartments are also seeing strong demand due to their affordability and high rental yields.
The rental market has transformed dramatically after rent control was repealed, with supply surging 170% in Buenos Aires. Despite increased supply, quality renovated apartments maintain strong rental demand at market rates.
Houses in suburban areas are experiencing moderate growth, while commercial properties receive less investor attention as the focus remains firmly on residential real estate.
When will Argentina's property market reach pre-pandemic price levels?
Argentina's property market recovery timeline depends heavily on inflation control and economic stability.
In nominal dollar terms, premium neighborhoods in Buenos Aires are approaching or exceeding pre-pandemic levels, with properties in Palermo Soho now selling for over US$4,000 per square meter. However, when adjusted for inflation, real property values remain approximately 40-50% below 2019 levels.
Market analysts project that if current trends continue, with 7-10% annual growth in USD terms, real property values could recover to pre-pandemic levels by 2027-2028. This assumes continued macroeconomic stability, sustained foreign investment, and inflation dropping to the projected 35% by end of 2025.
Transaction volumes have already recovered significantly, with March 2025 showing nearly 40% year-on-year growth. This increased activity suggests market confidence is returning faster than price recovery.
The recovery varies by property type and location, with premium properties in Buenos Aires likely to reach pre-pandemic values 1-2 years before secondary markets.
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What are the property price forecasts for Argentina in 2026 and beyond?
Property market forecasts for Argentina show cautiously optimistic growth projections across different time horizons.
Short-term forecasts for the next 6-12 months project appreciation of 5-8% in USD terms across Buenos Aires, with premium neighborhoods like Palermo and Puerto Madero expected to achieve 8-12% growth. This growth is supported by increasing foreign investment and improved mortgage accessibility.
Medium-term projections for 2026-2029 indicate an annual growth rate of 7-10% in USD terms, driven by GDP growth, infrastructure investment, and continued foreign capital inflows. The overall real estate market is expected to grow at a compound annual growth rate (CAGR) of 3.04% through 2033.
Long-term sustainability depends on maintaining economic reforms, controlling inflation (targeted at 35% for 2025), and preserving the favorable investment climate created by current policies.
These projections assume no major economic disruptions and continued political stability supporting free-market policies.
How do current mortgage rates affect property prices in Argentina?
Mortgage accessibility has dramatically improved in Argentina, catalyzing the property market recovery.
Interest rates plummeted from 130.6% to 29.28% during 2024, making property financing feasible for many buyers who were previously priced out. This dramatic reduction has led to an explosive 1,042% increase in mortgage deeds in Buenos Aires as of March 2025.
The improved lending environment is directly impacting property prices by expanding the buyer pool. First-time buyers can now access financing, while investors leverage mortgages to acquire multiple properties.
Banks are increasingly willing to lend, with loan-to-value ratios improving and terms extending to 20-30 years for qualified buyers. Foreign buyers can also access mortgage financing, though typically at slightly higher rates and with larger down payment requirements.
This mortgage market revival is expected to continue supporting price growth throughout 2025-2026 as more buyers enter the market.
Which neighborhoods in Buenos Aires offer the best investment returns in 2025?
- Palermo Soho - Premium area with properties over $4,000/sqm, 8-12% expected appreciation, high rental demand from tourists and expats
- Villa Crespo - Emerging neighborhood with 5.5% annual growth, attractive to young professionals, good value appreciation potential
- Belgrano - Established residential area at $2,916/sqm, stable returns, family-oriented with good schools
- Puerto Madero - Luxury waterfront district at $5,931/sqm, corporate tenants, premium but lower yield due to high entry costs
- Caballito - Affordable at $2,268/sqm, strong rental yields of 8.35%, middle-class neighborhood with growth potential
- San Telmo - Historic district attracting tourism investment, boutique hotel conversions, gentrification driving appreciation
- Núñez - Residential area at $2,808/sqm, near universities, steady rental demand from students and young families
We made this infographic to show you how property prices in Argentina compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It's an easy way to spot where you might get the best value for your money. We hope you like it.
How has President Milei's administration impacted property prices?
President Javier Milei's free-market reforms have significantly boosted Argentina's property market since taking office.
The removal of rent controls led to a 170% surge in rental property availability in Buenos Aires, while real rents dropped 40% after inflation adjustment. This rebalancing has attracted property investors back to the rental market.
Currency decontrols and the simplification of property purchase procedures for foreigners have increased international investment. The RIGI program provides tax stability and legal protection for large foreign investments, creating a more predictable investment environment.
Market sentiment has improved dramatically, with transaction volumes up 39.7% year-on-year and total sales values increasing 20.1% in dollar terms. The administration's commitment to reducing inflation from 120% to a targeted 35% is restoring confidence in long-term property investments.
We analyze these policy impacts in detail in our Argentina property pack.
What role does foreign investment play in Argentina's property price growth?
| Foreign Investment Factor | Impact on Property Market |
|---|---|
| Legal Reforms (Ley de Bases, RIGI) | Simplified property purchases, reduced taxes for foreign buyers, created legal certainty |
| Currency Devaluation | Peso lost 40-44% value in 5 years, making properties cheaper in USD terms for foreign buyers |
| Investment Volumes | Foreign capital driving premium neighborhood growth, especially Palermo and Puerto Madero |
| Buyer Demographics | Increasing interest from US, European, and Brazilian investors seeking value opportunities |
| Restrictions | Minimal barriers except for rural and frontier zones, foreigners can own urban property freely |
| Market Share | Foreign buyers now represent 15-20% of transactions in premium Buenos Aires neighborhoods |
| Future Outlook | Expected to accelerate with continued reforms and Argentina's investment promotion regime |
How does Argentina's property market compare to other South American countries?
Buenos Aires ranks among the most expensive cities in South America for residential property, though it offers better value than some regional competitors.
With average prices of $2,600 per square meter for a 60m² apartment, Buenos Aires is more affordable than Santiago ($3,441/sqm) and Montevideo ($2,932/sqm), but significantly more expensive than Bogotá ($1,225/sqm) or Quito ($1,240/sqm).
Argentina offers the highest rental yields in the region at 8.35%, compared to 5-6% in Santiago and Montevideo, and 6-7% in São Paulo. This makes Argentine property particularly attractive for investment despite the higher entry prices.
While other markets like Chile and Uruguay have shown steady positive growth in real terms, Argentina's market offers more volatility but potentially higher returns for investors who time their entry correctly.
The combination of high yields, recent currency devaluation, and market reforms positions Argentina as an increasingly competitive option for regional property investment.
What economic factors will most influence property prices through 2026?
Several critical economic factors will determine Argentina's property price trajectory through 2026.
Inflation control remains paramount, with the government targeting a reduction from 120% in 2024 to 35% by end of 2025. Success in achieving this target will directly impact real property values and investor confidence. The "crawling peg" exchange rate policy aims to provide currency stability while maintaining competitiveness.
GDP growth projections of 3-4% annually will support property demand through job creation and income growth. Infrastructure investment, particularly in Buenos Aires and major cities, will enhance property values in developing areas.
Continued access to international capital markets and foreign investment will provide liquidity to the property sector. The sustainability of current free-market policies beyond the current administration will significantly impact long-term price trends.
For detailed economic analysis and property market correlations, check our Argentina property pack.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Yes - Property prices in Argentina are going up in nominal terms, though real values remain below historical peaks.
The combination of surging transaction volumes, dramatically improved mortgage availability, and strong foreign investment interest indicates a sustainable recovery is underway. With projected growth of 7-10% annually in USD terms and continuing policy reforms, Argentina's property market presents compelling opportunities for investors who can navigate the remaining economic challenges.
Sources
- Global Property Guide - Argentina Price History
- Bloomberg Linea - Latin American House Prices
- The Latinvestor - Argentina Real Estate Trends
- IMARC Group - Argentina Real Estate Market
- Derecha Diario - Buenos Aires Real Estate Boom
- Cato Institute - Argentina Rent Control Analysis
- The Latinvestor - Argentina Real Estate Forecasts
- BBVA Research - Argentina Economic Outlook
- Santander Trade - Foreign Investment in Argentina
- Statista - Argentina Real Estate Market Outlook