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Yes, the analysis of Buenos Aires' property market is included in our pack
Buenos Aires house prices are experiencing a complex recovery phase with significant long-term potential despite current economic volatility. Property values in the Argentine capital show strong nominal growth of 5-9% annually as of 2025, though real prices remain 20-25% below historical peaks when adjusted for inflation.
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Buenos Aires house prices are projected to grow 5-8% annually over the next decade, with premium neighborhoods potentially seeing 8-12% appreciation through 2027.
Current prices average US$2,200-2,500 per square meter citywide, representing a significant discount from historical peaks despite recent nominal growth.
| Key Metric | Current Status (2025) | 2025-2035 Projection |
|---|---|---|
| Average Price per m² | US$2,200-2,500 | 5-8% annual growth |
| Premium Areas (Palermo) | US$3,172/m² | 8-12% annual growth |
| Rental Yields | 5-8% gross | Stable to slightly declining |
| Mortgage Rates | 29.8-37.8% | Expected gradual decline |
| Economic Growth | 3.5-5.5% GDP growth | Continued positive trajectory |
| Currency Risk | High volatility | Moderate improvement expected |
| Foreign Investment | Growing interest | Significant increase anticipated |
What's the current average price per square meter for houses in Buenos Aires?
The current average price per square meter for residential properties in Buenos Aires ranges from US$2,200 to US$2,500 as of September 2025.
Neighborhood variations are significant across the city. Puerto Madero commands the highest prices at US$5,931 per square meter, followed by Palermo at US$3,172 per square meter and Belgrano at US$2,916 per square meter.
Mid-tier neighborhoods like Nuñez average US$2,808 per square meter, while more affordable areas such as Caballito sit around US$2,268 per square meter. Premium new developments in sought-after areas like Palermo Soho are exceeding US$4,000 per square meter.
These prices represent significant value compared to historical peaks, with current rates sitting approximately 20-25% below their USD-denominated highs from 2019.
How have house prices in Buenos Aires changed annually over the past 10 years?
Buenos Aires house prices have experienced extreme volatility over the past decade, characterized by periods of decline followed by recent modest recovery.
The 2024-2025 period shows nominal growth of 5-9% annually, with premium areas achieving up to 12% appreciation. However, when adjusted for Argentina's hyperinflation of over 120% in 2024, real property values have actually declined by approximately 70% year-over-year.
This inflation-adjusted decline has dominated the entire decade, despite occasional nominal price increases. The peso's devaluation against the US dollar has created a complex pricing environment where properties appear cheaper for foreign buyers while becoming increasingly expensive for local residents in peso terms.
The overall trend shows property values in USD terms remaining substantially below their pre-2019 peaks, creating what many consider a discounted market for international investors.
What is the projected annual growth rate for house prices in Buenos Aires over the next decade?
Buenos Aires house prices are projected to grow at an average annual rate of 5-8% citywide over the next decade from 2025 to 2035.
Premium neighborhoods are expected to outperform this average significantly, with projected annual appreciation of 8-12%, particularly strong through 2027. Areas like Palermo, Puerto Madero, and Belgrano are likely to lead this growth due to their established desirability and limited supply.
Medium-term projections through 2030 suggest annual appreciation could reach 7-10%, contingent on continued economic reforms and political stability under President Milei's administration. These forecasts assume successful implementation of deregulation policies and improved property rights.
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The growth trajectory will heavily depend on macroeconomic stability, inflation control, and sustained foreign investment interest in the Buenos Aires residential market.
How do current prices compare to the historical inflation-adjusted average in Buenos Aires?
Current Buenos Aires property prices remain 20-25% below their historical peaks when measured in USD terms, representing substantial discounts from 2019 highs.
When adjusted for inflation, the comparison becomes even more dramatic. Real property values have declined sharply, often more than 70% within the past year alone due to Argentina's hyperinflationary environment exceeding 120% annually.
This creates a two-tier market where properties appear significantly undervalued for buyers with hard currency access, while local buyers face increasingly unaffordable prices in peso terms. The historical inflation-adjusted averages show current prices at multi-decade lows in real terms.
For international investors, this pricing disconnect represents one of the most compelling value propositions in Latin American real estate, assuming economic stabilization continues under current reform policies.
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What are the current mortgage interest rates and how are they expected to change in Argentina?
Current mortgage interest rates in Argentina range from 29.8% to 37.8% as of September 2025, representing some of the highest borrowing costs globally.
These rates have increased from the 30-33% range earlier in 2025, reflecting the central bank's aggressive monetary policy to combat inflation. The volatility in rates month-to-month makes mortgage planning extremely challenging for local borrowers.
Interest rates are expected to decline gradually as inflation stabilizes and economic reforms take effect, but they will likely remain very high by international standards in the near term. Any meaningful reduction depends on successful inflation control and currency stabilization.
The high borrowing costs effectively limit the local mortgage market, creating opportunities for cash buyers and foreign investors who don't rely on peso-denominated financing.
How is the local economy, including GDP growth and employment rates, expected to perform in the coming years?
Argentina's economy is projected to expand by 3.5-5.5% in 2025 as inflation begins stabilizing and structural reforms implemented by President Milei start taking effect.
The first quarter of 2025 already showed strong growth of 4.7%, with further acceleration expected throughout the year. This represents a significant improvement from previous years of economic contraction and instability.
Employment indicators show mixed signals, with the unemployment rate at 7.9% in Q1 2025, though this figure masks significant informal employment and gender disparities. The employment rate is forecasted to reach 63.4% by the end of 2025.
The economic outlook through 2026-2027 remains cautiously optimistic, contingent on continued political support for market-oriented reforms and successful inflation control measures.
What is the projected population growth and housing demand in Buenos Aires over the next 10–20 years?
Argentina's total population is forecast to grow from approximately 47.1 million in 2025 to 49.1 million by 2028, with Buenos Aires continuing to attract a disproportionate share of this growth.
The capital remains Argentina's primary economic magnet, drawing internal migration from rural areas and smaller cities seeking better employment opportunities. This ongoing urbanization trend supports sustained housing demand in the Buenos Aires metropolitan area.
While specific housing demand projections for Buenos Aires are limited, the combination of population growth, economic recovery, and improved credit availability suggests increasing pressure on the housing market over the next decade.
Foreign population influx, particularly from neighboring countries and international investors, adds another layer of demand that wasn't historically significant but is becoming increasingly relevant to market dynamics.
How many new housing units are expected to be built in Buenos Aires each year, and will this meet projected demand?
Recent housing supply growth in Buenos Aires has been severely limited, with new construction failing to keep pace with demand, particularly in prime neighborhoods.
Transaction volumes surged in 2024-2025 as market confidence and mortgage availability increased, but sustained new supply remains a significant challenge. Construction permits and completions have not rebounded to pre-crisis levels.
Specific data on annual housing unit projections for Buenos Aires in 2025 is scarce, but current trends point to persistent supply constraints that are exacerbating price growth in higher-demand areas like Palermo and Puerto Madero.
The supply-demand imbalance is expected to continue favoring price appreciation, particularly in established neighborhoods where land availability is limited and development costs remain high due to regulatory complexity.
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 Buenos Aires are local versus foreign, and how might this change in the future?
The vast majority of Buenos Aires property buyers remain local residents, but foreign interest has been climbing significantly as international investors recognize value opportunities in the discounted market.
In premium areas and new developments, foreign purchases are becoming increasingly common, though exact percentages are not officially tracked. Anecdotal evidence suggests foreign buyer participation has doubled or tripled in high-end neighborhoods since 2024.
If current economic reforms succeed in stabilizing the currency and improving property rights, foreign investment is expected to grow substantially, potentially reshaping the market composition over the next 3-5 years.
Regional investors from Chile, Brazil, and Uruguay are leading this trend, followed by North American and European buyers attracted by the peso's weakness and Buenos Aires' cultural appeal.
This shift toward increased foreign participation could accelerate price appreciation in desirable neighborhoods while providing much-needed hard currency liquidity to the market.
What government policies, taxes, or incentives are planned that could affect real estate prices in Buenos Aires?
President Milei's administration has implemented sweeping economic reforms focused on deregulation, improved property rights, and restoring mortgage lending capacity in the financial system.
Current policies prioritize attracting foreign investment and infrastructure development, with planned urban projects including new subway lines that should support property values in affected corridors. No major new taxes or restrictions on property purchases have been announced.
Tax burdens on property ownership remain substantial, but the government's focus appears to be on economic stabilization rather than increasing real estate taxation. Property transfer taxes and municipal charges continue at existing levels.
Planned infrastructure investments, particularly transportation improvements and urban renewal projects, are expected to create localized appreciation opportunities in currently undervalued neighborhoods.
The success of these policies in attracting sustained foreign investment and improving economic stability will largely determine their impact on real estate prices over the next decade.
How have rental yields in Buenos Aires evolved recently, and what is their forecast?
Current gross rental yields in Buenos Aires range from 5-8% citywide, with higher yields typically found in less premium neighborhoods and older properties.
| Neighborhood Category | Current Gross Yield | Market Trend |
|---|---|---|
| Premium (Puerto Madero, Palermo) | 4-6% | Declining due to price appreciation |
| Mid-tier (Belgrano, Nuñez) | 6-7% | Stable |
| Emerging areas (Caballito, Villa Crick) | 7-9% | Stable to improving |
| Older properties citywide | 8-10% | Stable |
| New developments | 4-6% | Declining as prices rise |
As property prices continue rising, yields are expected to soften slightly in premium areas, but they remain attractive compared to regional peers like São Paulo or Santiago.
The rental yield forecast shows stable to declining trends if appreciation continues at projected rates, but Buenos Aires should maintain competitive yields internationally due to the currency discount effect.
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What are the risks of currency devaluation or economic instability affecting property values in Buenos Aires?
Currency risk remains the most significant threat to Buenos Aires property investments, with Argentina's historical pattern of devaluation episodes creating substantial volatility in real estate values.
The 2025 outlook shows stabilization progress under current reforms, but Argentina's long-term macroeconomic risks including inflation volatility, foreign exchange controls, and potential political shifts persist as major concerns for property investors.
Hard-currency buyers remain better insulated against peso devaluation risks, as property prices often adjust upward in peso terms during currency crises. However, liquidity can become severely constrained during economic instability periods.
Economic instability risks include potential policy reversals, social unrest, and external economic shocks that could derail current stabilization efforts. The success of President Milei's reforms will largely determine whether these risks materialize over the next 3-5 years.
Investors should consider currency hedging strategies and maintain adequate liquidity buffers when investing in Buenos Aires real estate given these ongoing macroeconomic uncertainties.
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.
Buenos Aires real estate offers compelling long-term potential with projected annual growth of 5-8% over the next decade, driven by economic reforms and foreign investment interest.
While currency risks and economic volatility remain concerns, current prices at 20-25% below historical peaks present significant value opportunities for well-informed investors.
Sources
- Accounting Insights - Argentina House Costs
- The LatinVestor - Buenos Aires Price Forecasts
- The LatinVestor - Argentina Price Forecasts
- Global Property Guide - Argentina Price History
- The Global Economy - Argentina Mortgage Interest Rate
- CEIC Data - Argentina Lending Rates
- EDA TV - Argentine Economy Growth 2025
- Statista - Argentina GDP Growth Rate
- Annual Meetings Daily - Argentina Unemployment
- Statista - Argentina Socioeconomic Indicators