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What is happening in Argentina’s real estate market? Are prices on the rise or decline? Is Buenos Aires still attracting foreign investors? How are Argentina’s government policies and taxes shaping the real estate landscape in 2025?
These are the questions we hear every day from professionals, buyers, and sellers across the country, from Córdoba to Mendoza and beyond. Maybe you’re curious about these topics too.
We understand this because we stay closely connected with local experts and individuals like you, exploring the Argentine real estate market daily. That’s why we crafted this article: to deliver clear answers, insightful analysis, and a comprehensive view of market trends and dynamics.
Our aim is straightforward: to make sure you feel informed and confident about the market without needing to search elsewhere. If you think we missed something or could improve, we’d love to hear your feedback. Feel free to message us with your thoughts, and we’ll strive to enhance this content for you.
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1) Argentina’s housing market has changed under President Milei’s leadership
Under President Milei, Argentina's housing market has seen big changes.
One major shift was the repeal of the rent control law, which led to a 170% jump in rental listings in Buenos Aires. This change made it easier to find housing and helped lower vacancy rates. Even though rent prices are still high, the real cost of renting has dropped by 40% when adjusted for inflation, making it more affordable for tenants.
Mortgages have made a comeback, thanks to falling interest rates, opening up home loans to more people and drawing more investment into the housing market. Interest rates took a dive from 130.6% in December 2023 to 29.28% in September 2024, making mortgages much more affordable. This has encouraged more people to think about buying homes, giving the market a boost.
The increased availability of apartments has helped stabilize the rental market, offering hope for a more balanced future. With more options available, renters and buyers alike are finding it easier to navigate the market. This shift is particularly noticeable in Buenos Aires, where the housing landscape is rapidly evolving.
These changes have sparked a housing boom, driven by Milei's free-market reforms. The market is buzzing with activity, and both local and international investors are taking note. The reforms have not only made housing more accessible but have also injected new life into the real estate sector.
Sources: Buenos Aires Times, Rio Times Online
2) Argentina now allows rents to be set in any currency, including Bitcoin
In 2023, Argentina shook up its rental laws by allowing rents to be paid in any currency, even Bitcoin.
This change was part of a broader push by President Javier Milei to make the economy more flexible and less regulated. The announcement came from Foreign Minister Diana Mondino in December 2023, marking a big step in this direction. By January 2024, Rosario saw its first Bitcoin rental contract, facilitated by the local crypto platform Fiwind. This was a major milestone, showing how Argentina's legal system can adapt to new financial tech.
With Argentina's inflation rates soaring, many people are turning to alternative currencies like Bitcoin, which they see as more stable than the peso. This economic backdrop makes cryptocurrencies an attractive option for transactions, including rent. The country’s tech infrastructure supports this shift, making it easier for people to use digital currencies in everyday life.
In Rosario, the first Bitcoin rental contract was a game-changer, highlighting the growing acceptance of digital currencies. This move is not just about keeping up with trends; it's a practical response to the economic challenges faced by many Argentinians. The flexibility to use Bitcoin for rent payments is a relief for those looking to escape the peso's instability.
Argentina's embrace of Bitcoin for rent payments is a sign of the times, reflecting a broader global trend towards digital currencies. The country’s high inflation has made Bitcoin an appealing alternative, and the legal framework is evolving to support this shift. Fiwind's role in facilitating the first Bitcoin rental contract in Rosario is a testament to the growing importance of crypto platforms in Argentina's economy.
As more people look for ways to protect their finances from inflation, the option to pay rent in Bitcoin offers a new level of financial security. This change is not just about convenience; it's about adapting to a rapidly changing economic landscape. Argentina's legal system is proving to be flexible, accommodating the needs of its citizens in innovative ways.
Sources: CryptoRank, BitDegree News, Cointelegraph
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Argentina versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Renovated properties are gaining popularity in Argentina
Renovated properties are gaining popularity in Argentina for both cultural and practical reasons.
In Buenos Aires, there's been a noticeable uptick in property transactions, with a 47.3% increase since July 2023. This surge is largely due to favorable economic conditions and policies that boost buyer confidence. Younger investors, who are more comfortable with risks, are particularly driving this trend. They're reshaping the market by favoring modern, smaller properties and investing in renovations.
These younger buyers are drawn to homes that blend historical architecture with modern, sustainable upgrades. Consumer surveys reveal a strong preference for modern amenities and updated interiors. This shift is not just about aesthetics; it's also about practicality. Renovated properties often yield higher rental returns compared to non-renovated ones.
Energy-efficient systems and modern conveniences in these homes reduce long-term costs and enhance property value. Real estate market reports highlight a trend towards renovated homes, driven by the preservation of historical architecture and the integration of eco-friendly features. This trend is particularly appealing to those who value both tradition and innovation.
In Argentina, the demand for construction and renovation services has surged. This is especially true among younger investors who are reshaping the market. They are not just looking for a place to live; they are looking for an investment that offers both comfort and a good return.
Overall, the combination of historical charm and modern efficiency makes renovated properties a smart choice for buyers. The market is responding to this demand, with more properties being updated to meet these expectations.
Source: IADB
4) Young risk-tolerant buyers are flocking to Argentina's property market
Young buyers are flocking to Argentina's property market, drawn by its unique opportunities and affordability.
In 2023 and 2024, Argentina's real estate scene saw a surge in youthful investors. These buyers are attracted by the country's relatively low property prices, which offer a chance to enter the market without breaking the bank. They're not just buying; they're reshaping the landscape by opting for modern, smaller homes and pouring resources into renovations.
Take Buenos Aires, for example. The city witnessed a 47.3% jump in property sales from July 2023 to the end of 2024. This boom was partly fueled by economic recovery efforts and a boost in consumer confidence, making it a hotspot for young investors. Compared to other markets, Argentina's affordability is a magnet for those ready to embrace risk and invest in emerging opportunities.
Government moves have also played a role. The repeal of the Rural Land Law and Executive Order 70/2023 have opened doors for foreign buyers, sparking renewed interest in Argentine real estate. This has made it easier for international investors to dive into the market, adding to the buzz.
Another factor is the rise of remote work. Young professionals now have the flexibility to live and work from anywhere, and Argentina offers affordable and vibrant living spaces that appeal to this mobile workforce. This trend is contributing to the influx of young buyers eager to experience life in a dynamic environment.
With these elements in play, it's no wonder that young, risk-tolerant buyers are making their mark on Argentina's property market, reshaping it with their preferences and investments.
Sources: WSC Legal, Golden Harbors
5) Mortgages have returned to Argentina and will persist
Mortgages are back in Argentina, and it looks like they're here to stay.
Argentine banks are stepping up, with Banco Nación planning to dish out US$4 billion in home loans over the next four years. Other banks, like Banco Ciudad and Banco Santander Rio, are also jumping on the mortgage bandwagon, making it easier for folks to get a foot on the property ladder.
The government is lending a hand too, rolling out policies to boost credit access and encourage homeownership. By repealing the Rent Law, they've made property investments more tempting, which is giving the mortgage market a nice little nudge.
Interest rates are another biggie. Since President Javier Milei took the reins, interest rates have plummeted from 75.44% in June 2023 to 28.34% in June 2024. This drop is making mortgages more attractive, even if the rates are still on the high side.
For those eyeing a slice of Argentine real estate, these changes mean more opportunities to secure a mortgage and invest in property. The combination of bank initiatives, government support, and lower interest rates is creating a more favorable environment for buyers.
So, if you're thinking about buying property in Argentina, now might be a good time to explore your options. With banks eager to lend and policies in place to support buyers, the mortgage market is buzzing with potential.
Sources: Statista, Buenos Aires Times, BBVA Research
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6) Rental profitability is declining as property prices outpace rent increases
Rental profitability is dropping because property prices are rising faster than rents.
In Argentina, especially in Buenos Aires, property prices have surged over the past few years. For example, the median price for an apartment is now ARS 2,231,111/m², while houses are at ARS 1,122,083/m². This shows a substantial increase in property values.
Despite this, rental prices haven't kept up with the rising property values. Reports indicate that apartment prices in Buenos Aires fell by 5.41% year-over-year in early 2023. When adjusted for inflation, the drop is even more dramatic at 53.71%, suggesting that rental prices are lagging behind property prices.
The average gross rental yield in Argentina has also taken a hit, dropping to 4.64% in Q2, 2024 from 5.90% in Q1, 2024. This means landlords are earning less from their rentals compared to the increasing property prices.
Argentina's economic challenges, like hyperinflation, are further squeezing rental profitability. The Argentine peso's devaluation has slashed purchasing power, making it tough for landlords to stay profitable. In Buenos Aires, neighborhoods such as La Matanza and Morón show lower rental yields, ranging from 3.68% to 5.47%, underscoring the impact of rising property prices.
For those considering buying property in Argentina, it's crucial to understand that rental yields are not keeping pace with property price increases. This trend is particularly evident in Buenos Aires, where the gap between property values and rental income is widening.
Sources: Global Property Guide, Properstar Housing Price Details, Gross Rental Yields in Argentina
7) Affordable housing is a primary focus, particularly in cities such as Buenos Aires
Affordable housing is a hot topic in Buenos Aires, especially for young adults.
In Argentina, many young people, particularly those aged 25 to 35, are still living with their parents because they can't afford their own place. About 2.3 million young adults are in this situation, highlighting the need for more affordable housing options. The government is stepping in with initiatives like "Mejor Vivir," which offers financing and technical help to improve homes in vulnerable areas.
Buenos Aires has been labeled as the least affordable city in South America for buying an apartment, making it tough for many to enter the housing market. The gap between what people earn and what homes cost is a real challenge. To tackle this, there are more housing projects now aimed at low- to middle-income families.
Organizations like CAF, the Government of Argentina, and Fundación Pro Vivienda Social are teaming up to make a difference. They're working on projects that provide loans and technical assistance to help families improve their living conditions. These collaborations are crucial for thousands of families looking to better their housing situations.
For those considering buying property in the country, it's important to know that affordable housing is a major focus in urban areas like Buenos Aires. The city's real estate market is challenging, but there are efforts underway to make it more accessible.
These initiatives are not just about building homes; they're about creating sustainable communities where people can thrive. If you're thinking about investing in property here, understanding these dynamics can give you an edge.
Sources: Batimes, CAF, Statista
8) Argentina’s property market remains unfriendly to foreign buyers
Buying property in Argentina is tough for foreign buyers.
One of the main hurdles is the country's high inflation rates, which have taken a toll on property values. In 2023, Argentina's economy shrank by 1.6%, a stark contrast to the growth seen in previous years. This hyperinflation has significantly weakened consumer purchasing power, making it challenging for anyone to invest in real estate.
For foreigners, the buying process is a maze of complex bureaucracy. You need a tax ID number and an Argentine agent to handle property tax payments. Despite attempts to simplify things, you still need local legal expertise to navigate the ever-changing legal requirements.
Currency exchange restrictions add another layer of difficulty for international buyers. The government's tight grip on foreign exchange controls makes it harder to buy homes. This is a big issue, especially when you're already dealing with high inflation and rising interest rates.
In April 2023, the central bank issued a decree that further tightened foreign exchange rules. This move has made it even more complicated for international buyers to source dollars for property transactions.
These challenges paint a clear picture: Argentina's property market is not very welcoming to foreign investors.
Sources: Global Property Guide, Lawyers Argentina, Global Property Guide
We have made this infographic to give you a quick and clear snapshot of the property market in Argentina. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) PH properties are gaining more popularity compared to apartments
PH properties are gaining popularity in Argentina, especially over the last couple of years.
One major reason is the significant cost savings they offer. Owners can save up to $200,000 ARS annually on maintenance fees compared to typical apartments, which is a big draw for many. This financial advantage is hard to ignore, especially when every peso counts.
PH properties also offer a unique blend of historical architecture with modern upgrades. This mix is perfect for those who love cultural integrity but don't want to miss out on modern conveniences. In trendy areas like Palermo Soho, the scarcity of these properties has driven up demand, with prices reaching new heights.
The rental market is also shifting in favor of PH properties. With the repeal of the rent control law, real rental costs have decreased, making these properties more attractive to renters. This has led to higher rental yields and lower vacancy rates, making them even more appealing.
Real estate market reports and media coverage often highlight the benefits of PH properties, such as more space and privacy. These factors are crucial in a market where utility costs are rising, and energy independence is becoming more important.
In a nutshell, PH properties offer a compelling package of cost savings, unique design, and rental advantages, making them a hot commodity in Argentina's real estate market.
Sources: Global Property Guide, La Nación
10) Construction costs are rising due to inflation and material shortages
In Argentina, inflation is skyrocketing, especially in 2023 and 2024.
With inflation rates climbing, construction costs are soaring. The OECD has projected that inflation could hit a jaw-dropping 250.6% in 2024, a sharp rise from 134.5% in November 2023. This surge is a key factor driving up expenses in the construction sector.
Prices for essential materials like cement and steel have nearly doubled, pushing the construction cost index in Argentina to a record high by October 2024. In Greater Buenos Aires, construction costs jumped by 97.9% year-on-year, while Córdoba province wasn't far behind with a 94.8% increase.
Builders are not just battling high prices; they're also facing material shortages. These shortages are causing significant delays and cost overruns, making it tough to stick to project timelines and budgets. The scarcity is partly due to global supply chain disruptions, influenced by events like the pandemic and geopolitical tensions.
Construction companies are finding it increasingly difficult to secure the materials they need. This situation is creating a challenging environment, where inflated prices and delays are becoming the norm.
For anyone considering buying property in Argentina, it's crucial to understand how these factors are affecting the market. The combination of inflation and material shortages is reshaping the landscape, making it a unique time for potential buyers.
Sources: Buenos Aires Herald, CEIC Data, Construction Briefing
11) Tax relief measures are enhancing the real estate market by easing selling barriers
In 2023 and 2024, Argentina's real estate market saw a significant boost thanks to tax relief measures.
The government eliminated the 1.5% ITI tax on property sales, which had been a major hurdle for buyers and sellers. By removing this tax, they made property transactions easier and more attractive. This change was a game-changer, especially in Buenos Aires, where property sales jumped by 47.3% from July 2023 to the end of 2024.
Foreign investors also took notice, finding Argentina's market more appealing without the extra tax burden. This made the country more competitive globally, drawing interest from places like the U.S., Spain, and the Netherlands. The market became a hotspot for international buyers, adding to the local buzz.
For sellers, the abolition of the 1.5% transfer tax meant fewer financial burdens. This change boosted their confidence, making them more willing to put properties up for sale. As a result, the market became more dynamic, with properties spending less time on the market and offering more choices for buyers.
These tax relief measures have truly transformed the landscape, making it a win-win for both buyers and sellers. The increased activity has led to a more vibrant market, with properties moving faster and more options available.
Overall, the removal of these financial barriers has made Argentina's real estate market more competitive and attractive on a global scale. It's a great time for anyone considering buying property in the country.
Source: Global Property Guide
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12) Mendoza, being 50% cheaper than Buenos Aires, attracts buyers
Mendoza is 50% cheaper than Buenos Aires, making it a hot spot for property buyers.
With property prices averaging around $1,200 per square meter, Mendoza offers a budget-friendly alternative to the bustling capital. This affordability isn't just about numbers; it opens up a lifestyle that many find appealing. Imagine enjoying a glass of Malbec at a local vineyard without breaking the bank.
Real estate agencies often highlight how Mendoza's cost of living is a game-changer. Everyday expenses, like dining out or grabbing a drink, are noticeably cheaper here. This means more money in your pocket for the things you love, like exploring the Andes or indulging in local cuisine.
The buzz around Mendoza is growing, with an increasing number of property transactions signaling a rising demand. Buyers are clearly drawn to the city's lower costs, and it's not just about saving money. It's about getting more value for what you spend.
Media articles and real estate blogs are abuzz with discussions about the cost benefits of living in Mendoza. They often point out how the city offers a unique blend of affordability and quality of life, making it a compelling choice for those looking to invest in property.
For those considering a move, Mendoza's appeal is clear. It's not just a place to live; it's a place to thrive without the financial strain of a big city. Everyday life is simply more affordable, allowing for a richer experience overall.
Source: Numbeo
13) Palermo Soho and Villa Crespo offer great upside potential as gentrifying neighborhoods
Palermo Soho and Villa Crespo are the hottest spots for property investment in Argentina.
In Palermo Soho, property prices have skyrocketed, with some new developments reaching over $4,000 per square meter. This area is buzzing with trendy cafes and boutiques, making it a magnet for young professionals and expats. Villa Crespo isn't far behind, boasting a 5.5% annual price growth thanks to its vibrant restaurant scene and unique shops.
Both neighborhoods are seeing a surge in infrastructure improvements. Villa Crespo is on the brink of transformation with large-scale urban regeneration projects and better public transport links. Meanwhile, Palermo Soho is part of the northern corridor, which is experiencing a boom in new developments, further pushing up property values.
The influx of young professionals and expatriates is reshaping the cultural landscape in Palermo Soho, blending traditional charm with modern vibes. Villa Crespo is also becoming a hub for these groups, drawn by its lively atmosphere and growth potential. This cultural shift is making these areas even more appealing to investors.
Media coverage is shining a spotlight on these neighborhoods, labeling them as the next big thing. This attention is fueling more investment and interest, making them prime spots for those looking to capitalize on the real estate market.
Sources: The Wandering Investor, Bowtied Mara
14) Buenos Aires' market is expanding but still below 2018 levels
Buenos Aires' real estate market is on the rise, but it's still not back to its 2018 glory days.
In December 2024, the city saw 4,946 property sales, a noticeable jump from earlier months. Yet, this is a far cry from the 36,000 transactions recorded in the first half of 2018. The buzz in the market is palpable, but there's still a long way to go.
Right now, the average price per square meter is about $2,200. This is a recovery from the lows but still not touching the peak prices of 2018. Real estate agents are saying prices have steadied after a long slump, but they haven't fully bounced back to where they were.
The economic scene is another piece of the puzzle. With over 163,000 units available and only a small fraction being sold, there's clearly an oversupply issue. Inflation and currency swings are also playing a part, making it tough for the market to bounce back quickly.
Locals and investors are keeping a close eye on these trends, hoping for a more robust recovery. The market's current state offers opportunities for buyers, but it's a waiting game to see if it will fully rebound.
For those considering a purchase, understanding these dynamics is key. The market is moving, but it's not yet at full speed.
Sources: The Wandering Investor, Buenos Aires Herald
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.
15) Used home prices are increasing but still below pre-pandemic levels
Used home prices in Argentina are climbing, but they haven't bounced back to pre-pandemic levels yet.
In Buenos Aires, there's been a noticeable uptick in property sales, with a 47.3% increase in transactions from July 2023 to the end of 2024. Despite this, the market hasn't fully rebounded to its former glory. The buzz in the city is palpable, but the numbers tell a different story.
Apartment prices have seen a modest rise, with a 5.49% increase in the second quarter of 2024, reaching US$2,269 per square meter. However, when you factor in inflation, the real picture is quite different. Back in the first quarter of 2023, prices actually fell by 5.41% year-over-year to US$1,731 per square meter, and when adjusted for inflation, they took a nosedive of 53.71% year-over-year.
Inflation has been a major player in these price swings. The real cost of renting has dropped by 40% when adjusted for inflation, making it easier for many Argentinians to find a place to live. This shift has been driven by government moves like repealing rent control laws and cutting interest rates, which have breathed new life into the housing market.
These policy changes have sparked a boom in rental listings, with a 170% surge in Buenos Aires. The city is buzzing with new opportunities, and the market is more dynamic than ever. Locals are feeling the impact, and it's reshaping the way people think about housing.
Sources: Global Property Guide, The Rio Times
16) European and North American buyers are drawn to Patagonia's sustainable and scenic properties
European and North American buyers are increasingly drawn to sustainable, scenic properties in Patagonia.
Many buyers from the U.S., Spain, and the Netherlands are reshaping Argentina's real estate market. They are attracted by favorable exchange rates and appealing property prices, making Patagonia a hot spot for international investors. This influx is not just about the cost; it's about the unique lifestyle Patagonia offers.
Eco-friendly properties like Costa Susana are setting new standards by reforesting removed trees and using sustainable construction. This aligns with the desires of younger consumers, especially those aged 18 to 44, who are keen on sustainable living. They want homes that reflect their values, and Patagonia is delivering.
Real estate listings in Patagonia often highlight sustainability features, such as vacation homes and lodges near national parks. This not only appeals to potential homeowners but also to tourists looking for eco-friendly travel experiences. The region's natural beauty is a major draw, and the media spotlight only adds to its allure.
Patagonia's popularity is also boosted by its reputation as a tourist destination. The area's eco-friendly lifestyle and stunning landscapes make it a top choice for those seeking both residential and tourism-related properties. Buyers are not just purchasing homes; they are investing in a lifestyle.
As more people seek out sustainable and nature-based lifestyles, Patagonia stands out as a prime location. The combination of affordable prices and a commitment to sustainability makes it an attractive option for international buyers looking to invest in a unique and environmentally conscious way of living.
Source: OIA
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.