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As of September 2025, Mendoza's real estate market offers competitive pricing with residential properties averaging $1,200USD per square meter.
This wine capital of Argentina presents attractive opportunities for both investors and relocators, with significantly lower costs than Buenos Aires while maintaining strong growth potential in key neighborhoods.
If you want to go deeper, you can check our pack of documents related to the real estate market in Argentina, based on reliable facts and data, not opinions or rumors.
Mendoza's residential property market shows steady growth with average prices at $1,200USD/m², offering attractive entry points for international buyers.
Property costs range from $46,500USD for apartments outside the center to over $300,000USD for luxury family homes in prime areas.
| Property Type | Location | Price Range (USD) |
|---|---|---|
| One-bedroom apartment | City center | $72,000 - $78,000 |
| One-bedroom apartment | Outside center | $46,500 - $60,000 |
| Three-bedroom home | Main residential areas | $150,000 - $300,000 |
| New apartments | Various locations | $1,400 - $1,500/m² |
| Older apartments | Various locations | $1,000 - $1,200/m² |
| Urban land | City/suburbs | $250 - $400/m² |
| Rural land | Agricultural zones | $0.80 - $2.50/m² |
What's the average price per square meter for residential properties in Mendoza right now?
The average price for residential properties in Mendoza stands at $1,200USD per square meter as of September 2025.
This represents approximately half the average cost found in Buenos Aires, making Mendoza an attractive alternative for property investment in Argentina. The market has shown consistent growth with a 4.3% increase from the previous year.
The $1,200USD/m² average encompasses various property types across different neighborhoods, from older apartments to newer developments. Prime locations within the city center typically command higher prices, while properties in suburban areas fall below this average.
For context, this pricing positions Mendoza competitively within the Argentine real estate landscape, offering better value than major metropolitan areas while maintaining strong fundamentals driven by the region's wine tourism and agricultural economy.
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How much does a typical one-bedroom apartment in the city center cost to buy?
A typical one-bedroom apartment in Mendoza's city center costs between $72,000 and $78,000USD for purchase.
These apartments typically range from 60 to 65 square meters in size, placing the per-square-meter cost at approximately $1,200 to $1,300USD. The variation in pricing depends on factors such as building age, amenities, exact location within the center, and overall condition.
Properties located on main commercial streets or near important landmarks like Plaza Independencia tend to command premium prices within this range. Newer buildings with modern amenities, elevators, and parking spaces typically fall toward the higher end of the spectrum.
The city center offers excellent walkability to restaurants, cultural attractions, and business districts, which contributes to the premium pricing compared to suburban alternatives.
How much does a similar one-bedroom apartment cost outside the city center?
One-bedroom apartments outside Mendoza's city center are significantly more affordable, ranging from $46,500 to $60,000USD.
The per-square-meter pricing in these areas typically falls between $775 and $1,000USD, representing substantial savings of 25-35% compared to central locations. A standard 60-square-meter apartment can be purchased starting from $46,500USD in suburban neighborhoods.
These suburban areas often provide better parking availability, quieter residential environments, and sometimes larger apartment sizes for the same budget. Popular neighborhoods outside the center include areas like Godoy Cruz and Las Heras.
While requiring longer commutes to the city center, these locations often offer better access to parks, family-oriented amenities, and newer residential developments with modern infrastructure.
What's the price range for a three-bedroom family home in Mendoza's main residential areas?
Three-bedroom family homes in Mendoza's main residential areas typically range from $150,000 to $300,000USD.
The lower end of this range ($150,000-$200,000USD) covers well-maintained homes in established neighborhoods, typically featuring 150-200 square meters of living space. These properties often include basic amenities and standard finishes suitable for family living.
Mid-range homes ($200,000-$250,000USD) offer better locations, modern updates, or larger lot sizes. Premium properties exceeding $300,000USD are found in luxury estates or highly desirable neighborhoods like Chacras de Coria.
Recent market data from June 2025 shows average asking prices around ARS212,932,522 (approximately $185,000USD using current exchange rates), confirming this range reflects current market conditions.
How much do newly built apartments cost compared to older properties, per square meter?
Newly built apartments in Mendoza average $1,400 to $1,500USD per square meter, while older apartments typically cost $1,000 to $1,200USD per square meter.
This represents a premium of approximately 15-25% for new construction, reflecting the value buyers place on modern amenities, updated building systems, and contemporary design. New developments often feature energy-efficient systems, modern kitchens, and better soundproofing.
Older properties, while more affordable, may require renovation investments to bring them up to current standards. However, they often offer larger room sizes, higher ceilings, and established neighborhood character that some buyers prefer.
The age threshold typically distinguishes properties built within the last 10 years as "new" versus those constructed earlier, though specific building condition and recent renovations can significantly impact pricing within these categories.
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What's the average cost of land per square meter in urban versus rural zones?
Urban land in Mendoza costs between $250 and $400USD per square meter, while rural land ranges from $0.80 to $2.50USD per square meter.
Urban plots suitable for residential development in the city or immediate suburbs command the higher pricing due to access to utilities, paved roads, and proximity to services. These prices reflect ready-to-build lots with established infrastructure.
Rural agricultural land, particularly vineyard plots, costs $8,000 to $25,000USD per hectare (equivalent to $0.80-$2.50USD per square meter). However, buildable rural lots closer to villages or with development potential can cost $80-$120USD per square meter.
The dramatic price difference reflects infrastructure costs, zoning restrictions, and development potential, making urban land a significant component of overall property development costs.
How much higher are property prices in prime neighborhoods compared to the city's average?
Properties in prime Mendoza neighborhoods cost 25-35% higher than the city's average, with prices reaching $1,500 to $1,800USD per square meter or more.
Prestigious areas like Chacras de Coria and select city center locations command these premium prices due to superior amenities, established prestige, and often better access to wine country attractions.
While the city-wide average sits at $1,200USD per square meter, prime neighborhoods consistently exceed $1,500USD per square meter. These areas typically feature tree-lined streets, proximity to high-end restaurants, and better-maintained public spaces.
The premium reflects both current desirability and stronger appreciation potential, as these neighborhoods tend to maintain their status and attract continued investment over time.
What's the annual property tax amount for a mid-range apartment or house in Mendoza?
Annual property tax for a mid-range apartment or house in Mendoza typically ranges from 0.5% to 1.2% of the assessed property value.
For a property valued at $150,000USD, owners can expect to pay between $750 and $1,800USD annually in property taxes. The exact rate depends on the specific municipality and property type, as local governments set these rates.
Rural properties may face higher tax rates due to different assessment methods and local taxation policies. The assessed value used for tax calculation may differ from market value, potentially resulting in lower actual tax burdens.
Property tax rates in Argentina can change with local government policies, so buyers should verify current rates with local authorities during the purchase process.
How much are closing costs and legal fees as a percentage of the purchase price?
Total closing costs and legal fees typically represent 6% to 11% of the purchase price when buying property in Mendoza.
Direct closing costs usually account for 2% to 5% of the purchase price, covering essential legal and registration fees, notary services, and transfer taxes. Additional costs may include real estate agent commissions, which vary depending on whether the buyer or seller pays these fees.
Legal fees for property transfers, title searches, and document preparation form a significant portion of these costs. Foreign buyers may face additional legal requirements that can increase total transaction costs.
These percentages align with typical Argentine real estate transaction costs, though exact amounts can vary based on property value, financing arrangements, and specific legal requirements for international buyers.
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's the typical monthly mortgage payment for an average-priced home with a standard down payment?
For a $120,000USD property with a 30% down payment, typical monthly mortgage payments range from $600 to $750USD over a 20-year term.
Argentine mortgage rates typically range from 8% to 11% annually, though availability and terms vary significantly for foreign buyers versus local residents. The 30% down payment represents standard requirements in the Argentine market.
Many property purchases in Mendoza remain cash transactions due to limited financing options for international buyers and currency stability concerns. Local buyers often have better access to financing through Argentine banks.
Mortgage availability, interest rates, and terms change frequently due to economic conditions, making it essential for buyers to verify current lending options with local financial institutions during their purchase process.
How much do renovation costs per square meter usually run in Mendoza?
Standard renovation costs in Mendoza typically range from $350 to $600USD per square meter for apartments.
Basic renovations including painting, flooring updates, and minor kitchen/bathroom improvements fall toward the lower end of this range. Mid-level renovations with quality materials and some structural modifications typically cost $450-$550USD per square meter.
Full remodels with premium finishes, complete kitchen and bathroom overhauls, and significant structural changes can reach $700-$850USD per square meter. These costs reflect local labor rates and material availability in the Mendoza market.
Labor costs in Mendoza are generally lower than in Buenos Aires, though imported materials and luxury finishes can increase renovation budgets significantly. Local craftsmen often provide excellent value for traditional construction techniques.
How much do property prices increase on average per year in Mendoza based on recent trends?
Mendoza property prices are currently increasing at 4% to 5% per year, with historical averages showing 5.2% annual growth over the past five years.
This growth rate reflects stable demand driven by wine tourism, agricultural prosperity, and increasing interest from both domestic and international buyers. The market has shown resilience despite broader economic challenges in Argentina.
Recent trends indicate sustained growth potential, particularly in neighborhoods popular with tourists and expatriate communities. Properties in prime locations and those catering to wine tourism have shown above-average appreciation rates.
The appreciation trend makes Mendoza attractive for both investment and personal use, as property values have consistently outpaced inflation while remaining more affordable than major metropolitan markets.
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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 real estate market offers compelling opportunities for both investors and residents seeking affordable property in Argentina's premier wine region.
With average prices at $1,200USD per square meter and consistent 4-5% annual growth, the market provides attractive entry points while maintaining strong appreciation potential driven by tourism and agricultural prosperity.
Sources
- The LatinVestor - Mendoza Price Forecasts
- The LatinVestor - Mendoza Property Market
- CozyCozy - Mendoza Apartments
- The LatinVestor - Average House Prices Argentina
- HikersBay - Mendoza Prices
- Rentberry - Mendoza Houses for Sale
- CEIC Data - New Construction Prices Mendoza
- The LatinVestor - Buy Land Argentina
- Global Property Guide - Argentina Taxes
- The Mortgage Reports - Closing Costs Guide