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Mendoza's residential property market shows steady growth with average prices reaching $1,200 USD per square meter as of September 2025.
Property prices vary significantly by type and location, with apartments averaging $72,000-$102,000 USD for standard units, while premium properties in areas like Chacras de Coria command higher prices around $140,000 USD. Budget-friendly options in neighborhoods like Las Heras and Godoy Cruz start around $30,000-$40,000 USD.
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Mendoza's property market in 2025 shows moderate growth with prices up 4.3% from 2024, driven by tourism and foreign investment.
Smart buying opportunities exist in up-and-coming neighborhoods like Guaymallén and Luján de Cuyo, while budget-conscious buyers should consider Las Heras and Godoy Cruz.
| Property Type | Average Size (m²) | Average Price (USD) |
|---|---|---|
| 1-bedroom apartment | 60 | $72,000 |
| 2-bedroom apartment | 85 | $102,000 |
| Premium condo (Chacras de Coria) | 85 | $140,000 |
| Budget apartment (Las Heras) | 45-60 | $30,000-$40,000 |
| Premium house | 250+ | $350,000-$450,000 |
| City center mid-range home | 120-150 | $130,000 |
| Godoy Cruz budget unit | 50-70 | $30,000 |
What's the current average house price in Mendoza?
As of September 2025, the average residential property price in Mendoza is $1,200 USD per square meter.
This represents a 4.3% increase from 2024 and shows a significant 26% growth over the past five years, rising from $950 USD per square meter in 2021.
The Mendoza property market demonstrates steady appreciation driven by increased tourism, foreign investment, and economic stabilization in Argentina. Wine tourism alone brings 1.5 million annual visitors to the region, creating sustained demand for both residential and investment properties.
Foreign investment in Mendoza real estate has increased by 25% over the past three years, contributing to price growth and market stability.
Current market conditions favor buyers who can navigate the cash-heavy transaction environment, as mortgage access remains limited despite recent improvements.
How do prices vary by property type in Mendoza?
Property prices in Mendoza vary significantly based on type, size, and location within the metropolitan area.
A typical one-bedroom apartment of 60 square meters costs around $72,000 USD, while two-bedroom apartments averaging 85 square meters cost approximately $102,000 USD.
Premium condominiums in upscale areas like Chacras de Coria command higher prices around $140,000 USD for similar-sized units. These properties often feature modern amenities, security systems, and proximity to wine country attractions.
Budget-friendly apartments in neighborhoods like Las Heras cost approximately $40,000 USD, while similar units in Godoy Cruz start around $30,000 USD.
Premium houses with large plots and luxury features reach $350,000-$450,000 USD, particularly those with vineyard views or extensive outdoor spaces.
What are the average prices in different neighborhoods of Mendoza?
| Neighborhood | Price Category | Average Property Price (USD) |
|---|---|---|
| Chacras de Coria | Most Expensive | $140,000-$180,000 |
| City Center | Premium | $130,000-$160,000 |
| Guaymallén | Up-and-coming | $80,000-$120,000 |
| Luján de Cuyo | Up-and-coming | $85,000-$125,000 |
| Las Heras | Budget-friendly | $30,000-$50,000 |
| Godoy Cruz | Budget-friendly | $30,000-$45,000 |
| Outlying areas | Budget-friendly | $25,000-$40,000 |
How do prices change depending on property size and surface area?
Mendoza property prices generally scale proportionally with the $1,200 USD per square meter average, but premium features can significantly increase costs.
Properties with tech-smart features, energy-efficient systems, and modern amenities command premiums of 15-25% above the market average.
Homes with outdoor spaces like gardens, terraces, and pools are particularly sought after and can add $10,000-$30,000 USD to the property value. Suburban properties near vineyards or scenic areas cost significantly more due to lifestyle demand from both locals and international buyers.
Larger properties over 200 square meters often include land premiums, especially in desirable locations like Chacras de Coria or areas with mountain or vineyard views.
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What is the total purchase price including fees, taxes, and other costs?
Buyers should budget an additional 6-11% of the purchase price to cover mandatory fees, taxes, and transaction costs in Mendoza.
Transfer tax accounts for 3% of the purchase price, while notary fees add another 1-2% to the total cost.
Real estate agent commissions typically range from 3-4% of the purchase price, and registration fees add approximately 0.5-1% to the transaction.
Annual property taxes in Mendoza range from 0.25-1.5% of the property value, which translates to $300-$1,800 USD per year for a $150,000 USD home.
For example, purchasing a $150,000 USD property would require approximately $9,000-$16,500 USD in additional costs, bringing the total investment to $159,000-$166,500 USD.
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What would a typical mortgage look like for an average-priced property in Mendoza?
Mortgage financing in Mendoza faces significant challenges due to Argentina's high interest rate environment, with average rates reaching 37.84% as of September 2025.
Banks typically require 20-30% down payment for approved mortgages, with loan terms extending up to 20 years for qualified borrowers.
Some specialized programs offer rates as low as 9%, though these are rare and typically reserved for specific buyer categories or government-backed initiatives.
Most property transactions in Mendoza remain all-cash purchases due to the prohibitive cost of borrowing, though mortgage access has improved by 40% in 2025 compared to previous years.
For a $100,000 USD property with a 25% down payment, monthly payments would exceed $2,500 USD at standard interest rates, making cash purchases the preferred option for most buyers.
Can you provide examples of recent purchase prices for different property types?
Recent transaction data from 2025 shows a wide range of property prices across different segments of the Mendoza market.
- A one-bedroom apartment in central Mendoza sold for $65,000 USD in early 2025
- Two-bedroom apartments averaging 85 square meters consistently sell for around $102,000 USD
- Premium houses with luxury features and large plots reach $350,000-$450,000 USD
- Budget apartments and fixer-upper properties routinely list between $30,000-$55,000 USD
- Premium condominiums in Chacras de Coria sell for approximately $140,000 USD
Which neighborhoods offer the best value and investment potential?
Guaymallén and Luján de Cuyo represent the most promising up-and-coming neighborhoods with rental growth of 29% and 28% respectively, indicating strong investment potential.
Chacras de Coria and City Center command premium prices but offer stability and strong tourism appeal, making them ideal for buyers seeking established, high-end locations.
Las Heras and Godoy Cruz provide excellent value for budget-conscious buyers, with properties well under $50,000 USD for basic units and steady appreciation potential.
Tech-smart apartments and properties with outdoor features consistently outperform standard units across all neighborhoods.
Suburban areas near vineyards attract lifestyle buyers and show strong long-term appreciation due to Mendoza's growing wine tourism industry.
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.
What are the smartest buying choices right now based on market trends?
Current market conditions favor strategic buyers who understand Mendoza's growth drivers and emerging neighborhood dynamics.
- Properties in Guaymallén and Luján de Cuyo offer the best growth potential with fastest rental and price appreciation
- City Center and Chacras de Coria properties provide stability and strong tourism-driven rental income
- Budget-friendly options in Las Heras and Godoy Cruz offer entry-level investment opportunities with steady appreciation
- Tech-enabled properties with smart home features command premium rents and attract quality tenants
- Properties with outdoor amenities like gardens and terraces significantly outperform standard units
How have house prices in Mendoza changed over recent years?
Mendoza's property market demonstrates consistent upward trajectory with a 26% total appreciation over the past five years, averaging 5.2% annual growth.
Price growth accelerated in 2025 with a 4.3% increase from 2024, driven by economic stabilization and increased foreign investment.
The market shows remarkable resilience considering Argentina's economic challenges, with Mendoza benefiting from its tourism industry and international appeal.
Foreign investment increased by 25% over three years, providing stability and driving demand in premium market segments.
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What is the forecast for Mendoza property prices over the next 1, 5, and 10 years?
Short-term forecasts for 2026 predict annual appreciation of 3-7% during stable economic periods in Mendoza.
Five-year projections suggest continued moderate growth, with historical data showing 26% appreciation over the past five years supporting optimistic long-term outlooks.
Ten-year forecasts indicate Mendoza will maintain sustainable growth patterns, barring major economic or political upheavals in Argentina.
Wine tourism growth and foreign investment trends support positive long-term price appreciation, particularly in neighborhoods with tourism appeal.
Market stability depends on Argentina's broader economic policies and currency stability, factors that significantly influence international buyer confidence.
How do Mendoza's average house prices compare with other similar-sized cities?
| City | Average Price (USD/m²) | Annual Change (2024-25) |
|---|---|---|
| Mendoza | $1,200 | +4.3% |
| Buenos Aires | $2,300-$2,500 | +5.3% |
| Córdoba | $1,400-$1,600 | +3-5% |
| Rosario | $1,100-$1,300 | +2-4% |
| Mar del Plata | $1,000-$1,200 | +1-3% |
| Salta | $900-$1,100 | +2-4% |
| Bariloche | $1,500-$1,800 | +4-6% |
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.
Mendoza's property market in 2025 offers compelling opportunities for both investors and lifestyle buyers, with moderate price growth and strong fundamentals.
It's something we develop in our Argentina property pack.