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Property prices in Córdoba are expected to rise in 2026, driven by steady population growth, limited housing supply, and Argentina's ongoing inflation trends.
As of September 2025, apartments in Córdoba trade between $1,166-$1,950 per square meter depending on location, with prices increasing 4.5% in 2024. The city's strong rental yields of 5.75%-6.45% and growing expat interest suggest continued upward pressure on real estate values through 2026.
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Córdoba property prices rose 4.5% in 2024 and are forecasted to grow 5-8% annually through 2026, making real estate more expensive but still attractive for investors.
The combination of steady population growth, high inflation, and limited new housing supply creates strong fundamentals for continued price appreciation in Argentina's second-largest city.
| Metric | Current Value (2025) | 2026 Projection |
|---|---|---|
| Average Apartment Price/m² | $1,166-$1,950 | $1,225-$2,106 |
| Average House Price/m² | $1,620 | $1,701-$1,750 |
| Annual Price Growth | 4.5% | 5-8% |
| Rental Yield (Apartments) | 5.75-6.45% | 5.5-6.2% |
| Population | 3.88 million | 3.95+ million |
| Mortgage Rates | ~78% annual | 65-70% annual |
| Foreign Buyer Share | ~20% | 22-25% |
What's the current average price per square meter for apartments and houses in Córdoba right now?
Córdoba's residential property market shows significant price variation depending on location and property type as of September 2025.
Apartments in Córdoba currently trade between $1,166 and $1,950 per square meter, with premium neighborhoods commanding the higher end of this range. Central areas with better infrastructure and proximity to universities typically see prices closer to $1,950 per square meter.
Houses in Córdoba average approximately $1,620 per square meter (€1,500), reflecting the broader residential market pricing. The price differential between apartments and houses has narrowed compared to previous years, as apartment demand from students and young professionals has increased significantly.
Luxury properties in exclusive neighborhoods can exceed these averages, while properties in developing areas or those requiring renovation may fall below the lower range. The student-heavy areas around universities show particularly strong pricing due to consistent rental demand.
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How much did property prices in Córdoba increase year over year in 2023 and 2024?
Córdoba's property market experienced steady growth over the past two years, outpacing inflation-adjusted expectations.
In 2023, average property prices in Córdoba increased by 4%, representing solid growth despite challenging economic conditions across Argentina. This growth was primarily driven by strong demand from the university community and young professionals relocating to the city.
2024 showed accelerated growth with property prices rising 4.5%, reaching an average of €1,533 per square meter by year-end. The increase reflected growing confidence in Córdoba's economic fundamentals and continued population growth.
These year-over-year increases position Córdoba as one of Argentina's more stable real estate markets, with growth rates that consistently outperform many other secondary cities. The compound growth over both years demonstrates the market's resilience even during periods of national economic uncertainty.
What's the forecasted annual growth rate for real estate prices in Córdoba until 2026?
Real estate experts project continued strong growth for Córdoba's property market through 2026, with annual increases expected to accelerate.
National property experts forecast 5-8% nominal annual growth for major Argentine cities, and Córdoba is anticipated to track within this range given its economic fundamentals. The city's diversified economy and growing population provide strong support for sustained price appreciation.
Key neighborhoods with university proximity and commercial development are likely to see growth rates at the higher end of this projection, potentially reaching 7-8% annually. Areas with new infrastructure projects or transportation improvements may exceed these forecasts.
The growth projection assumes continued population influx, stable local employment conditions, and ongoing housing supply constraints. Foreign investor interest and currency dynamics also support the bullish outlook for property values through 2026.
How many new residential units are expected to be built in Córdoba between 2024 and 2026?
Córdoba is experiencing increased construction activity, though exact unit numbers for the 2024-2026 period aren't specifically quantified in available data.
The city has seen a notable uptick in building permits and large residential development projects, driven primarily by rising demand from young professionals and students. Local authorities report increased development applications, particularly for mid-rise apartment buildings in university-adjacent areas.
Several major residential projects are currently under construction or in planning phases, focusing on multi-family developments that cater to the city's growing rental market. These projects typically range from 50-200 units per development.
However, industry observers note that new construction is unlikely to fully match the pace of demand growth, particularly given Argentina's high construction costs and financing challenges. This supply-demand imbalance continues to support upward pressure on property prices.
The construction pipeline suggests moderate supply increases but insufficient to significantly cool price appreciation through 2026.
What's the current rental yield in Córdoba for apartments and houses, and how has it trended in the past three years?
Córdoba offers attractive rental yields compared to many international markets, with performance varying significantly by property type and location.
| Property Type | Average Yield | High-Performing Areas |
|---|---|---|
| Standard Apartments | 5.75-6.45% | University districts |
| Student Housing | Up to 7.5% | Near universities |
| Luxury Apartments | 4.5-5.5% | Premium neighborhoods |
| Single-Family Houses | 5.0-6.0% | Residential suburbs |
| Student-Focused Properties | 6.5-7.5% | Walking distance to campus |
Over the past three years, rental yields in student-heavy neighborhoods have strengthened due to consistent demand growth. Properties within walking distance of major universities command premium rents and show the most stable occupancy rates.
Conversely, luxury rental yields have declined as new high-end supply has outpaced demand in some segments. The influx of new luxury developments has created more choice for high-end tenants, compressing rental rates in this segment.
The overall rental market benefits from Córdoba's large student population and growing young professional demographic, providing stable underlying demand that supports yield performance across most property categories.
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How many properties are sold per month on average in Córdoba, and is that number rising or falling?
While specific Córdoba transaction data isn't available, national trends provide strong indicators of local market activity.
Argentina's property sales nationwide rose 47% between July 2023 and December 2024, representing a significant recovery from previous slumps. Córdoba has followed similar trends given its position as Argentina's second-largest city.
The sales volume recovery reflects improved market confidence and the return of both domestic and foreign buyers. Local real estate professionals report increased activity, particularly in the apartment segment favored by investors and young professionals.
Transaction activity has been supported by Argentina's economic stabilization efforts and renewed interest from expatriate buyers taking advantage of favorable currency conditions. The trend suggests sustained transaction volume growth through 2025 and into 2026.
Market observers expect continued transaction volume increases as economic conditions stabilize and financing becomes more accessible to qualified buyers.
What's the expected population growth in Córdoba by 2026, and how does that compare with housing supply growth?
Córdoba's population dynamics create a structural housing shortage that supports continued price appreciation.
As of August 2023, Córdoba's population reached 3.88 million, with steady growth driven by a large young-adult demographic. The city attracts students, young professionals, and internal migrants from smaller Argentine cities seeking economic opportunities.
Population growth is expected to continue through 2026, potentially reaching 3.95 million or higher. The university system alone attracts thousands of new residents annually, many of whom remain in the city after graduation.
Meanwhile, new housing supply through construction projects appears insufficient to match demographic-driven demand increases. While building permits and development projects have increased, the pace lags behind population growth and household formation rates.
This supply-demand imbalance creates fundamental support for property price appreciation, as new residents compete for limited housing inventory. The demographic trends favor continued upward pressure on both purchase prices and rental rates through 2026.
How do mortgage interest rates in Argentina affect affordability, and what are the projections for 2025–2026?
Argentina's mortgage market presents significant affordability challenges due to extremely high interest rates driven by inflation and monetary policy.
Current mortgage rates hover around 78% annually for 20-year fixed-rate loans, making traditional financing prohibitively expensive for most buyers. These rates reflect Argentina's high inflation environment and monetary policy constraints.
The high financing costs force many potential buyers into the rental market or require all-cash purchases, limiting the buyer pool primarily to investors and high-net-worth individuals. This dynamic actually supports rental demand and yields for property investors.
Interest rate projections for 2025-2026 suggest gradual easing as inflation recedes and macroeconomic reforms take hold. Rates may decline to the 65-70% range, but will remain extremely high by international standards.
Any meaningful decrease in mortgage rates would significantly improve affordability and potentially accelerate demand, though rates are expected to remain elevated enough to maintain the current cash-heavy buying environment.
It's something we develop in our Argentina property pack.
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 percentage of buyers in Córdoba are locals versus foreign investors, and how is that changing?
Córdoba's buyer composition reflects broader Argentine market trends with growing international interest in recent years.
Traditionally, over 80% of property buyers in Córdoba are local residents, including domestic investors from other Argentine cities. This local dominance reflects the practical challenges foreign buyers face with financing and legal processes.
However, the foreign buyer segment is rising steadily, drawn by favorable currency exchange rates and quality-of-life factors. Expatriates and international investors now represent approximately 20% of buyers, up from lower levels in previous years.
The growing expat community includes retirees from North America and Europe, digital nomads, and investors seeking Latin American real estate exposure. These buyers often purchase with cash, avoiding the prohibitive local financing market.
The trend toward increased foreign participation is expected to continue through 2026, potentially reaching 22-25% of total buyers. This international interest provides additional demand support and often targets higher-end properties, supporting price appreciation in premium segments.
How much do construction costs per square meter increase each year in Córdoba, and what's the trend?
Construction costs in Córdoba face significant inflationary pressure, creating challenges for new development while supporting existing property values.
The Argentine construction cost index shows costs currently increasing 3-4% monthly, which compounds to over 40% annually when measured year-over-year. These increases stem primarily from inflation, currency fluctuations, and imported material costs.
Material costs represent a major component of the increase, particularly for imported construction inputs affected by currency devaluation. Labor costs have also risen significantly as construction workers demand inflation-adjusted wages.
The rapid cost escalation makes new construction projects increasingly expensive, which paradoxically supports existing property values by raising replacement costs. Developers must factor these cost increases into project viability, often leading to higher sales prices for new developments.
The construction cost trend suggests continued upward pressure through 2026, assuming inflation remains elevated. This dynamic supports property price appreciation by maintaining high barriers to new supply creation.
What are the unemployment and inflation rates in Córdoba, and how do they historically correlate with property prices?
Córdoba's economic indicators show relative strength compared to national averages, supporting property market fundamentals.
Unemployment in Córdoba remains below Argentina's national average, reflecting the city's diversified economy including education, manufacturing, and services. The large university presence provides economic stability and consistent employment in education and related sectors.
Inflation affects Córdoba similarly to other Argentine cities, with rates remaining high nationally. However, the city's economic diversity helps buffer some inflationary impacts compared to less diversified regional markets.
Historically, high inflation periods drive increased demand for real estate as Argentines seek inflation hedges. Property ownership provides protection against currency devaluation and maintains purchasing power better than cash savings.
Economic growth periods with lower unemployment have further bolstered property demand and price resilience in Córdoba. The correlation suggests that continued employment stability and inflation hedging demand will support property values through 2026.
The combination of below-average unemployment and strong inflation-hedging demand creates favorable conditions for continued property appreciation in the Córdoba market.
How do property prices in Córdoba compare to similar-sized Argentine cities today, and how have those gaps closed or widened over the past five years?
Córdoba commands a significant premium over comparable Argentine cities, with price gaps that have widened substantially over five years.
| Property Type | Córdoba | Rosario | Price Premium |
|---|---|---|---|
| 1-bed Apartment, City Centre | $1,950/m² | $1,250/m² | +56% |
| 1-bed Apartment, Outskirts | $1,316/m² | $925/m² | +42% |
| Monthly Rent, 1-bed Centre | $385 | $157 | +145% |
| Houses (General Residential) | $1,620/m² | ~$1,200/m² | +35% |
The price gap between Córdoba and similar-sized cities like Rosario has widened significantly over the past five years. Córdoba's premium reflects its stronger economic fundamentals, university presence, and growing international recognition.
Central Córdoba apartments show the largest premium, trading at 56% above comparable Rosario properties. This reflects the concentrated demand in Córdoba's core areas from students, professionals, and investors.
Rental rate differences are even more pronounced, with Córdoba central apartments commanding 145% higher rents than Rosario. This rental premium supports the higher property values and demonstrates the strength of Córdoba's rental market.
The widening gap suggests Córdoba's competitive advantages are strengthening relative to other Argentine secondary cities, supporting continued outperformance through 2026.
It's something we develop in 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.
Properties in Córdoba are positioned to become more expensive in 2026, driven by population growth, limited housing supply, and Argentina's inflationary environment that drives real estate investment demand.
The combination of attractive rental yields, growing foreign buyer interest, and structural supply constraints creates favorable conditions for continued price appreciation in Argentina's second-largest city.
Sources
- The LatinVestor - Average House Price Argentina
- BowTied Mara - Trends in Córdoba Area Real Estate
- Numbeo - Property Investment Comparison
- The LatinVestor - Córdoba Real Estate Market
- The LatinVestor - Córdoba Property Investment
- The LatinVestor - Buenos Aires Price Forecasts
- Adventures in CRE - Exploring Latin America's Real Estate Markets
- Yahoo Finance - Argentina Construction Industry Report 2025