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Mendoza's property market is experiencing steady price appreciation, with residential properties averaging $1,200 USD per square meter as of September 2025. Property prices in Mendoza are likely to increase in 2026, driven by continued foreign investment, controlled inflation forecasts, and strong rental demand in key neighborhoods like Guaymallén and Luján de Cuyo.
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Mendoza's residential property market shows steady growth with prices reaching $1,200 USD per square meter in 2025. Foreign investment has increased 25% over the past three years, while rental prices in key areas like Guaymallén and Luján de Cuyo have surged 29% and 28% respectively.
Economic forecasts suggest inflation will moderate from 30-37% in 2025 to 15-25% in 2026, which could stabilize property prices while maintaining upward pressure due to demand-supply imbalances and continued urbanization.
| Market Indicator | Current Status (Sept 2025) | 2026 Outlook |
|---|---|---|
| Average Price per m² | $1,200 USD | Expected 4-6% increase |
| Average Monthly Rent (2BR) | ARS 530,000 ($570 USD) | Continued growth in premium areas |
| Properties for Sale | 28,250+ listings | Steady supply with faster sales |
| Time on Market | 4-8 weeks | Expected to remain stable |
| Mortgage Interest Rate | 37.8% annually | Gradual decline expected |
| Inflation Forecast | 30-37% (2025) | 15-25% (2026) |
| Foreign Investment | +25% over 3 years | Continued growth expected |
What's the current average price per square meter for properties in Mendoza, broken down by neighborhood?
The average price per square meter for residential properties in Mendoza stands at $1,200 USD as of September 2025.
Chacras de Coria represents the premium segment with typical condos costing around $140,000. The City Center maintains prices around $130,000 for apartments, averaging above the citywide rate at over $1,200 USD per square meter.
More affordable options exist in Godoy Cruz, where entry-level condos cost approximately $30,000, and Las Heras offers basic apartments for around $40,000. These neighborhoods provide accessible entry points for first-time buyers or investors seeking lower initial investments.
Guaymallén and Luján de Cuyo are experiencing the fastest growth rates, with rental prices up 29% and 28% respectively, indicating strong demand that typically drives property price appreciation in these areas.
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How much did property prices in Mendoza increase each year over the past five years, both in percentage and absolute value?
Mendoza's residential property market has shown consistent appreciation over the past five years, with a total increase of 26% from $950 to $1,200 USD per square meter between 2021 and 2025.
| Year | Average Price per m² | Percentage Change | Absolute Change |
|---|---|---|---|
| 2021 | $950 | — | — |
| 2022 | $1,050 | +10.5% | +$100 |
| 2023 | $1,100 | +4.8% | +$50 |
| 2024 | $1,150 | +4.5% | +$50 |
| 2025 | $1,200 | +4.3% | +$50 |
The annual average appreciation rate stands at approximately 5.2%, with the most significant jump occurring in 2022 at 10.5%, followed by more moderate but steady increases in subsequent years.
What's the current average monthly rental price in Mendoza, and how has it changed annually in the past five years?
The current average monthly rent for a 2-bedroom apartment in Mendoza's city center ranges from ARS 506,000 to ARS 534,000, equivalent to approximately $570 USD at the official exchange rate as of September 2025.
Premium neighborhoods command higher rents, typically between ARS 600,000 and ARS 700,000 monthly. The fastest rental price increases are occurring in Guaymallén with 29% year-over-year growth, Luján de Cuyo at 28%, and Maipú at 25%.
The rental market has experienced dramatic growth over the past five years, primarily driven by peso devaluation and inflation. Rents increased from ARS 64,000 in 2021 to over ARS 530,000 in 2025, representing an exponential increase that outpaced general inflation rates.
This rental price trajectory demonstrates the strong demand for residential properties in Mendoza, particularly in well-located neighborhoods with good infrastructure and amenities.
How many properties are currently listed for sale in Mendoza, and what's the breakdown by property type?
Over 28,250 properties are currently listed for sale in the Mendoza real estate market as of September 2025.
The property breakdown includes houses, condos and apartments, residential units, and land parcels. Representative examples include a 1-bedroom condo in the city center priced at $49,000 and a 2-bedroom house in Luján de Cuyo listed at $155,000.
Land parcels vary significantly in size and pricing depending on location and development potential. The variety of available property types provides options for different investor profiles and budget ranges.
This substantial inventory indicates an active market with diverse opportunities for both residential buyers and investment purposes across various price points and property categories.
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What's the average time a property stays on the market in Mendoza right now compared to last year?
Properties in Mendoza currently spend an average of 4 to 8 weeks on the market in 2025, with well-positioned homes in desirable neighborhoods selling faster within this timeframe.
Compared to 2024, the sales pace has accelerated significantly, with 45% more sales year-over-year. Properties took longer to sell in the previous year due to reduced market confidence and economic uncertainty.
The improved sales velocity reflects increased buyer confidence and foreign investment interest in Mendoza's real estate market. Properties in premium areas like Chacras de Coria and city center locations tend to sell at the faster end of the 4-8 week range.
This faster turnover indicates a healthy market dynamic where properly priced properties find buyers relatively quickly, suggesting sustained demand across different property segments.
How much are mortgage interest rates in Argentina today, and how have they moved over the last three years?
Mortgage interest rates in Argentina currently stand at 37.8% annually for new credit as of September 2025, representing an increase from 33.6% in May 2025.
Over the past three years, mortgage rates experienced extreme volatility, peaking at 130% during periods of high inflation and economic uncertainty. Following economic reforms under the Milei administration, rates have stabilized but remain elevated by international standards.
Despite the high nominal rates, the mortgage market has become more accessible and stable compared to the previous period of extreme rate fluctuations. Lenders are offering more predictable terms, which has contributed to increased property sales activity.
Rates are expected to remain high but more stable through the end of 2026 as inflation moderates, potentially providing better conditions for property financing in the medium term.
What's the expected inflation rate in Argentina for 2025 and 2026 according to official or international forecasts?
Argentina's inflation rate for 2025 is forecasted between 30% and 37% according to major international organizations, with the OECD projecting 37% and the IMF estimating 35.9%.
For 2026, considerable moderation is expected with inflation forecasts ranging from 15% to 25%, representing a significant improvement from current levels. This projected decline reflects the impact of economic stabilization measures and monetary policy adjustments.
The inflation reduction trend is already visible, with May 2025 showing the lowest annual inflation rate in five years at 15% month-over-month. This trajectory supports expectations for continued moderation throughout 2026.
Lower inflation rates in 2026 could provide more stability for property pricing and potentially improve affordability for local buyers, while maintaining the attractiveness of dollar-denominated assets for foreign investors.
How many new residential units are expected to be built in Mendoza between now and the end of 2026?
Specific projected numbers for new residential units in Mendoza through 2026 are not precisely quantified, but local trends point to expansion in suburban areas like Las Heras and Guaymallén as infrastructure improvements support development.
Argentina's construction industry is expected to expand 4.1% in real terms in 2025, with 5.1% annual average growth projected for 2026-2029. This national growth trajectory suggests increased residential construction activity in major urban centers like Mendoza.
The mild increase in residential construction is driven by renewed investor confidence and ongoing urbanization trends. Private sector investments in infrastructure and transport are creating conditions favorable for new residential developments.
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What's the current population growth rate in Mendoza, and how does it compare to housing availability?
Mendoza's population growth rate is estimated at approximately 1% annually, tracking the national urban growth pattern for major Argentine cities.
Urbanization and migration to Mendoza are creating pressure on housing availability, with supply increasing but demand typically outpacing it in sought-after neighborhoods. This demand-supply imbalance supports continued price appreciation in well-located areas.
The combination of population growth and limited housing supply in premium neighborhoods creates ongoing upward pressure on both rental and purchase prices. Areas with better infrastructure and amenities face particularly strong demand relative to available housing stock.
This demographic trend supports the long-term outlook for property appreciation, as steady population growth maintains consistent demand for housing across different market segments.
How much are average household incomes in Mendoza today, and how have they evolved over the past five years?
Average household income in Mendoza is estimated between $450 and $500 USD per month, equivalent to ARS 400,000-450,000 monthly using official exchange rates as of September 2025.
Over the past five years, household incomes have experienced rapid peso growth but this increase has been largely offset by inflation and currency depreciation. While nominal peso salaries increased substantially, purchasing power in USD terms has remained relatively stable or declined.
The income-to-property price ratio remains challenging for local buyers, with average property prices requiring significant financing or savings accumulation. This dynamic favors cash buyers and foreign investors who can leverage currency advantages.
The gap between local incomes and property prices creates opportunities for rental income generation, as many residents cannot afford to purchase and must rent, supporting strong rental demand across the market.
What's the peso-to-dollar exchange rate now, and what do forecasts suggest for 2026?
The current peso-to-dollar exchange rate stands at approximately $0.0008 USD per peso, equivalent to around ARS 1,300-1,369 per USD as of September 2025.
Forecasts for 2026 suggest gradual further depreciation of the peso, with expected rates reaching $0.000556 by May 2026. This represents continued weakening of the peso against the dollar over the forecast period.
The ongoing peso depreciation trend supports the attractiveness of dollar-denominated assets like real estate for both foreign investors and Argentine residents seeking to preserve wealth. Property serves as a hedge against currency devaluation for local investors.
Exchange rate movements will continue to influence property market dynamics, with peso weakness potentially driving more demand for real estate as a store of value, particularly in tourist-oriented areas of Mendoza.
What's the current level of foreign investment in Mendoza's real estate market, and how does it compare to the last five years?
Foreign investment in Mendoza's real estate market has increased by 25% over the past three years, driven by tourism growth, improved mortgage access, and economic reforms.
While Mendoza receives less foreign capital than Buenos Aires, the province has seen rising interest in vineyards and tourist areas. The wine tourism sector particularly attracts international buyers seeking both investment returns and lifestyle properties.
Key drivers of foreign investment include dollarized property prices that provide currency stability, relative affordability compared to other international markets, and the appeal of wine tourism infrastructure. Economic reforms have also improved investor confidence in the market.
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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.
Based on current market indicators and economic forecasts, Mendoza's property market appears positioned for continued price appreciation in 2026, though at a more moderate pace than previous years.
The combination of controlled inflation expectations, steady foreign investment, and ongoing urbanization trends supports a positive outlook for property values, making 2026 a potentially favorable time for both investment and residential purchases in Mendoza.
Sources
- TheLatinvestor - Mendoza Price Forecasts
- TheLatinvestor - Average House Price Argentina
- TheLatinvestor - Mendoza Property
- Rentberry - Mendoza Apartments
- ExpatFocus - Argentina Property Rental Prices
- Realtor.com - Mendoza Properties
- The Global Economy - Argentina Mortgage Interest Rate
- OECD Economic Outlook - Argentina
- Trading Economics - Argentina Inflation
- Trading Economics - Argentina Urban Population Growth