Authored by the expert who managed and guided the team behind the Argentina Property Pack
Yes, the analysis of Buenos Aires' property market is included in our pack
What do the latest numbers reveal about Buenos Aires’ real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Buenos Aires, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
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1) Property sales in Buenos Aires rose by 47.3% to 4,946 in December 2024 from July 2023
In December 2024, property sales in Buenos Aires hit 4,946, a remarkable jump from July 2023.
This surge is part of a broader recovery trend that started in mid-2023. Property prices have been climbing steadily, which is mirrored in the increasing number of sales. For example, in August 2024, sales reached 5,297, marking a 28.1% rise compared to August 2023.
Mortgages, or "credit hipotecarios," have played a crucial role in this upswing. Initially low, mortgage numbers have nearly tripled in just two months, fueling demand and encouraging more buyers to step into the market.
Despite Buenos Aires facing economic hurdles and high inflation, the real estate market shows signs of resilience. Both sales numbers and property prices are on the rise, indicating a positive shift.
Sources: Clarin, La Nacion, Clarin
2) Buenos Aires’ average price per square meter is expected to rise by 15% to $2,500 by 2025
The average price per square meter in Buenos Aires is projected to increase by 15% by 2025, reaching $2,500.
Back in April 2023, prices hit a low of $2,192, but by October 2024, they had already climbed to $2,447, showing a solid 10% rise over the year. This upward trend is a promising sign for potential buyers.
Experts from the Universidad de San Andrés and Mercado Libre believe this recovery could keep going into 2025, as long as the economy stays stable. Iván Ginevra, who leads the Cámara Inmobiliaria Argentina, even suggests that in some areas, prices might bounce back by more than 20%, which is great news for the market.
The market's positive momentum is largely due to stable economic conditions and a boost in people's purchasing power. Analysts are feeling good about the future, with some forecasting a 15% to 25% increase in average prices per square meter by 2025.
Sources: Forbes Argentina, Mindlin Developers, iProfesional
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.
3) Buenos Aires market dynamics have shifted significantly since President Javier Milei took office
Since President Javier Milei took office, Buenos Aires' real estate market has transformed.
After years of crisis, the market is bouncing back, thanks to policy changes like the repeal of the Rent Law and the return of mortgage credit. These moves have breathed new life into property transactions, making it easier for people to buy and sell homes.
As a result, property sales are up, and prices are climbing. By October 2024, the average price per square meter in Buenos Aires hit USD 2,447, a 10% jump from the previous year. This surge is especially noticeable in neighborhoods like Caballito, Belgrano, and Núñez, which are popular for their family-friendly vibe and new developments.
Buying properties "pozo," or before they're built, is becoming a hot trend. This approach offers high-quality units at lower prices than finished properties, attracting savvy buyers looking for a deal.
The number of property transactions has soared, with 140,000 properties on the market, the highest in 15 years. This includes a whopping 102,000 apartments, showing just how active the market has become.
Sources: Mindlin Developers, El Popular Hoy, Berserkers Finance, Consejo
4) Real estate purchase deeds in Buenos Aires rose by 32.2% in April 2024 compared to April 2023
The total number of real estate purchase deeds in Buenos Aires increased by 32.2% in April 2024 compared to the same month of the previous year.
In April 2024, there were 7,617 purchase deeds, a jump from the 5,506 deeds recorded in April 2023. This surge reflects a high demand for real estate in the area, making it a bustling time for buyers and sellers alike.
The total amount written in the deeds for April 2024 was $297,185,418,381.13, showcasing a vibrant market. This uptick is part of a broader trend, with Buenos Aires' real estate market showing signs of recovery and growth, experiencing its best period in over six years.
Interestingly, while the number of mortgage operations decreased by 41.14% in April 2024 compared to April 2023, there's optimism about the return of mortgage credit soon. This could positively impact the market, offering more opportunities for potential buyers.
In the four major zones of Buenos Aires, the property offerings totaled more than 287,816 in April 2024, marking a 12% decrease from the same month in 2023. This reduction in available properties might influence pricing and demand dynamics.
Sources: Colegio de Escribanos de la Provincia de Buenos Aires, Infobae
5) Buenos Aires' priciest real estate ranges from $4,000 to $10,000 per m²
The most expensive real estate in Buenos Aires ranges from $4,000 to $10,000 per m².
In neighborhoods like Puerto Madero, Palermo, and Belgrano, prices soar. For example, Puerto Madero boasts a price of $5,858 per m², highlighting how location significantly impacts real estate costs. These areas are known for their luxury amenities and proximity to key city attractions, making them highly desirable.
Market trends in Buenos Aires show a steady climb in property values. There was a 2.5% increase in property prices interannually and a 1.9% rise in the first quarter of 2024. This uptick reflects a growing demand and a robust real estate market, attracting both local and international buyers.
The type of property also plays a role in price variations. Apartments and studios, like a monoambiente or a two-bedroom unit, have different price tags. For instance, a monoambiente in the city can now average over $100,000, illustrating how property type influences cost.
These factors combined create a dynamic real estate landscape in Buenos Aires. Whether you're eyeing a sleek apartment in Puerto Madero or a charming studio in Palermo, understanding these elements can guide your investment decisions.
Sources: Infobae, Bowtied Mara, La Nación
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6) Used apartments with 1 to 3 rooms in Buenos Aires saw a 10.26% price increase per m² in April 2024 compared to last year
The real estate market in Buenos Aires is showing signs of recovery, with the m2 sale price of used apartments with 1 to 3 rooms appreciating by 10.26% in April 2024 compared to the same month last year.
For nearly six years, the market had been in a slump, but this recent increase suggests a positive shift. The popularity of 1 to 3 room apartments is a key factor, as they are often more affordable and accessible, making them a reliable indicator of market trends.
These smaller apartments have always attracted buyers, and the 10.26% rise in square meter price marks a significant change from the previous years of decline. This shift is particularly noteworthy given the prolonged downturn the market has faced.
The data comes from a detailed analysis by a private market research firm, which provides valuable insights into the dynamics of Buenos Aires' real estate market. Their findings suggest that the market is on an upward trajectory after years of instability.
Understanding these trends is crucial for potential buyers, as it indicates a renewed confidence in the market and potential for future growth. The recovery in this segment could signal broader improvements across the real estate sector.
Sources: Infobae
7) The repeal of the Rental Law in Buenos Aires led to a 211.9% surge in rental property supply by mid-2024
In December 2023, Buenos Aires saw a major shift in its rental market with the repeal of the 2020 Rental Law.
This law had previously imposed strict conditions on landlords, like three-year lease terms and rent payments in Argentine pesos, which were rapidly losing value due to inflation. These restrictions made landlords hesitant to rent out their properties, leading to a limited supply of rental units.
Once the law was repealed, landlords felt more confident and began listing their properties again, significantly increasing the availability of rental units. By mid-2024, the supply of rental properties had surged by 211.9%, as landlords took advantage of the more favorable conditions.
This increase in supply also led to a noticeable drop in rental prices, reflecting the shift in the market dynamics. The repeal of the Rental Law in December 2023 in Buenos Aires triggered an unprecedented surge in rental property availability, increasing the supply by 211.9% by mid-2024.
For potential buyers, this means more options and potentially better deals. The market is now more competitive, with landlords eager to attract tenants. This change has made Buenos Aires an attractive option for those looking to invest in property.
Sources: Reason.com, Pacific Research, RPREaltyPlus
8) Interest in family-sized apartments in Buenos Aires suburbs is rising
Family-sized apartments in suburban areas of Buenos Aires are seeing increased interest.
Suburban areas are becoming more popular as people seek more space and a quieter environment, which are hard to find in the bustling city center. This shift is making suburban living more appealing.
Demographic changes are also influencing this trend. As the population ages, families are moving from the city center to the suburbs, seeking more natural surroundings. This is evident in the development of new projects in areas that were once less desirable but are now gaining attention.
Economic factors like inflation and the rise of remote work are playing a significant role. With more people working from home, the need for larger living spaces has increased, driving interest in suburban areas.
In certain regions, the migration patterns have shifted, with nearly 20% more families choosing suburban homes over city apartments. This trend is particularly notable in areas where new developments are sprouting up, offering modern amenities and more room to grow.
As these factors converge, the suburban real estate market in Buenos Aires is experiencing a noticeable uptick, with family-sized apartments becoming a hot commodity.
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Argentina. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
9) By 2026, 60% of new residential buildings in Buenos Aires will feature smart home technology
Buenos Aires is rapidly transforming into a smart city, integrating technology to enhance urban living.
In 2023 and 2024, Latin America, including Buenos Aires, saw a surge in smart residential buildings. These buildings are equipped with technologies like artificial intelligence and the Internet of Things (IoT), making life more efficient and convenient for residents.
Globally, the construction of smart buildings is on the rise, with a focus primarily on non-residential areas. However, this trend is gradually influencing the residential sector in Buenos Aires, pushing it towards adopting smart technologies.
By 2026, it's expected that 60% of new residential buildings in Buenos Aires will feature smart home technology. This shift is part of a broader movement towards smarter urban living, driven by the benefits these technologies offer.
Smart home technology in Buenos Aires is not just a trend; it's becoming a standard. The city's commitment to smart urban management is evident in the increasing number of smart residential projects.
As Buenos Aires continues to evolve, the integration of smart technology in residential buildings is set to become more prevalent, enhancing the quality of life for its residents.
Sources: Exploring Smart Cities in Argentina, Latinoamérica: Preparándonos para las ciudades y los edificios inteligentes, Prevén 150% más de edificios inteligentes para 2026
10) In April 2024, the price per m² for 2-room units in Buenos Aires was $1908
In April 2024, Buenos Aires saw a significant rise in real estate prices, with the average price per square meter hitting $2219.
For those eyeing 2-room units, the price per square meter was recorded at $1908. This aligns with the city's overall trend of rising property prices. On average, properties were priced at $2194 per square meter, with new apartments averaging $2490 and used ones at $2113.
The surge in prices, including for 2-room units, is linked to strong market demand. There was a 38.34% increase in registered sales compared to the previous year. Government policies aimed at reactivating mortgage credit and potential changes to rental laws might have also played a part.
Economic stability, especially in property prices measured in US dollars, contributed to this trend, despite currency fluctuations.
For context, the real estate market in Buenos Aires has been experiencing a steady climb in property values over the past few years. This is partly due to the city's appeal as a cultural and economic hub, attracting both local and international buyers.
Investors are particularly interested in areas with high growth potential, such as neighborhoods undergoing urban renewal projects. These areas often promise better returns on investment, making them attractive options for buyers.
Sources: TN, Ipozzi Blog, UADE
11) Buenos Aires' Real M2 Index rose by 2.14% in April 2024 from the previous month
The Real M2 Index for Buenos Aires increased by 2.14% in April 2024 compared to the previous month.
This index is a key indicator, tracking the average price per square meter of real estate in the city. Its recent rise hints at a potential rebound in the market, which had been struggling for years due to economic instability and high inflation.
For a while, Buenos Aires' real estate market was on a downward trend. The economic challenges and inflation were major factors in this decline. However, the latest data suggests a glimmer of recovery, as seen in the April 2024 figures.
To get a clearer picture of these changes, the Real M2 Index is compiled monthly by Reporte Inmobiliario, Universidad del CEMA, and RE/MAX Argentina. This index provides valuable insights into real estate prices, helping potential buyers understand market trends.
These organizations offer detailed reports that allow for precise comparisons with average sale prices, making it easier to gauge the market's direction. The monthly updates are crucial for anyone looking to invest in Buenos Aires real estate.
Understanding these trends can be a game-changer for potential buyers, offering a clearer view of where the market is heading. The recent increase in the Real M2 Index is a sign that things might be looking up for the city's real estate sector.
Sources: Reporte Inmobiliario, Perfil, UADE
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12) Rental property availability in Buenos Aires is significantly increasing, reshaping the real estate market
The Buenos Aires real estate market is seeing a big shift with a surge in rental property availability.
In late 2023, President Javier Milei's government removed strict rental control laws, which had required minimum three-year contracts and payments in the volatile Argentine peso. These rules had led many property owners to keep their places empty or rent them out short-term to dodge the hassle.
Since the deregulation, the rental market in Buenos Aires has exploded. From October 2023 to September 2024, there was a 170% increase in available rental properties. This change is because property owners are now more open to offering their homes for traditional rentals.
While nominal rental prices have gone up, the real prices, when adjusted for inflation, have actually dropped by 40% since October 2023. This is thanks to the increased supply, which has given renters more leverage to negotiate better deals.
For potential buyers, this means a more dynamic market with more options and competitive pricing. The removal of rental controls has not only increased availability but also made the market more flexible and attractive for both renters and investors.
As the market adjusts, renters are finding themselves in a stronger position, with more negotiating power than before. This new landscape is reshaping how people approach renting in Buenos Aires.
Sources: Infobae, Cambio16, Delosriosinmobiliaria
13) Properties with outdoor spaces in Buenos Aires are in high demand and expected to boost property values
In Buenos Aires, properties with outdoor spaces have become incredibly sought after.
Since the COVID-19 pandemic, people have increasingly valued having terraces, balconies, and gardens. These outdoor areas are now seen as essential extensions of living spaces, offering a spot to relax, entertain, or simply enjoy the fresh air. Homes with these features are in high demand, especially those with stunning views of parks or rivers.
According to a 2021 article from Lanación, outdoor spaces can sometimes be valued as much as the indoor areas. This is because they significantly enhance the quality of life, making properties more appealing to potential buyers. The trend has continued into 2023 and 2024, with more people seeking homes that offer a connection to nature.
The value of these outdoor spaces can vary. For example, a small terrace might be valued similarly to the indoor space, while larger gardens might be valued at a lower percentage. However, the presence of amenities like a grill or space for outdoor furniture can boost desirability and increase property value.
Location also plays a crucial role. Properties in trendy neighborhoods or those with easy access to green spaces are particularly attractive. These factors contribute to the rising property values in Buenos Aires, as more buyers prioritize outdoor living.
In summary, the demand for properties with outdoor spaces in Buenos Aires is not just a passing trend. It's a significant factor driving up property values, reflecting a broader shift in lifestyle preferences.
Sources: Lanación, Lanación, Zona Prop
14) Residential properties in Buenos Aires with energy-efficient certifications are expected to grow by 40% by 2027
The number of residential properties in Buenos Aires with energy-efficient certifications is expected to grow by 40% by 2027 due to the "Etiquetado de Viviendas" program.
This program, which kicked off a few years ago, aims to boost energy efficiency in homes by introducing an energy efficiency labeling system. In 2023 and 2024, both existing and new residential buildings started receiving labels based on their energy efficiency. This move is part of a larger national push to cut down on energy use and encourage sustainable living. The rise in certified properties is mainly due to the growing adoption of energy-efficient standards and the requirement for new buildings to comply with these standards.
The City of Buenos Aires has set a clear goal: all new constructions must meet minimum energy efficiency standards. By 2027, every new building should achieve at least a class "C" efficiency rating. This target is a major driver behind the expected increase in energy-efficient certifications.
For those considering buying property in Buenos Aires, this means more options for energy-efficient homes. Energy-efficient homes not only help reduce utility bills but also contribute to a greener environment. The "Etiquetado de Viviendas" program is making it easier for buyers to identify these properties.
As the program continues to expand, the market for energy-efficient homes is likely to become more competitive. This could lead to better prices and more choices for buyers. The focus on sustainability is reshaping the real estate landscape in Buenos Aires.
Sources: Programa Nacional de Etiquetado de Viviendas, Etiquetado de Viviendas en Buenos Aires
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.
15) Eco-friendly buildings in Buenos Aires are becoming more popular
Eco-friendly buildings in Buenos Aires are becoming increasingly popular.
Driven by a growing awareness of sustainability, the demand for eco-friendly structures is on the rise. This shift is fueled by both government initiatives and private sector developments, aiming to improve the urban environment. In Buenos Aires, green roofs and terraces are gaining traction, as noted by La Nación. These features not only enhance the aesthetic appeal of buildings but also help in reducing the urban heat island effect and improving air quality.
People are starting to appreciate the dual benefits of aesthetics and environmental impact. Projects like Parque Caballito, highlighted by Toribio Achaval, are leading the way with modern designs that incorporate natural lighting, solar panels, and green spaces. Such projects are a testament to the shift towards sustainable urban living, which is becoming more prevalent in the city.
In Buenos Aires, eco-friendly architecture is not just a trend but a growing necessity. The city is witnessing a transformation where sustainability is at the forefront of urban development. This movement is supported by both public and private sectors, reflecting a collective effort to create a more sustainable urban landscape.
As more people recognize the importance of sustainable living, the popularity of eco-friendly buildings continues to grow. This trend is evident in the increasing number of projects that prioritize environmental considerations alongside modern design. Buenos Aires is setting an example for other cities by embracing eco-friendly architecture.
Sources: La Nación, Toribio Achaval
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.