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Mendoza's property market is experiencing steady growth as of September 2025, with prices up 4.3% year-on-year and strong foreign investment driving demand. The wine capital of Argentina is attracting both domestic and international buyers, creating opportunities across different neighborhoods and property types.
With average property prices at $1,200 USD per square meter and rental yields reaching up to 12% in tourist areas, Mendoza offers compelling investment prospects. Neighborhoods like Guaymallén and Luján de Cuyo are showing the strongest growth at 29% and 28% respectively, while areas like Godoy Cruz and Maipú provide excellent value for money.
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Mendoza's property market shows positive momentum with 4.3% annual price growth and strong rental yields up to 12% in prime areas.
Foreign investment has increased 25% over three years, with neighborhoods like Guaymallén leading growth at 29% year-on-year increases.
| Neighborhood | 2025 Growth Rate | Average Price Range | Best Investment Type |
|---|---|---|---|
| Guaymallén | +29% | $80,000-$120,000 | Buy-to-rent |
| Luján de Cuyo | +28% | $100,000-$150,000 | Wine tourism rentals |
| Chacras de Coria | +20% | $140,000+ | Luxury resale |
| Godoy Cruz | +22% | $50,000-$80,000 | Value investment |
| City Center | +15% | $130,000+ | Rental income |
| Maipú | +25% | $40,000-$60,000 | Long-term hold |
| Las Heras | +19% | $30,000-$50,000 | Budget entry |
What are the latest statistics on property prices in Mendoza right now?
As of September 2025, Mendoza's residential property market shows an average price of $1,200 USD per square meter, representing a 4.3% year-on-year increase from 2024.
A typical 1-bedroom apartment of 60 square meters costs around $72,000, while a 2-bedroom unit of 85 square meters averages $102,000. Premium neighborhoods command significantly higher prices, with Chacras de Coria condos reaching approximately $140,000 and City Center properties around $130,000.
Budget-friendly areas offer more accessible entry points, with Las Heras properties averaging $40,000 and Godoy Cruz around $30,000. The median home price sits at approximately ARS23,000,000, which translates to roughly $25,000-28,000 USD at current exchange rates.
Price per square foot data shows Las Heras at ARS106,971 per square foot with a 14% year-over-year increase, while San Rafael shows ARS108,267 per square foot with a more modest 4% annual growth.
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How have prices changed over the past 12 months in different parts of Mendoza?
The Mendoza property market has experienced significant variation in price growth across different neighborhoods over the past 12 months, with the overall market showing a 4.3% increase from 2024 to 2025.
Guaymallén leads the growth rankings with an impressive 29% rental price increase, which serves as a leading indicator of property value appreciation. Luján de Cuyo follows closely with 28% rental growth, while Maipú shows strong performance at 25% growth.
More moderate but still healthy increases are seen in Las Heras and Godoy Cruz, both showing 19-22% growth rates. The five-year trend shows even more dramatic appreciation, with overall prices up 26% since 2021.
This growth pattern aligns with rising tourism demand, a 25% increase in foreign investment over three years, and improved mortgage accessibility with 40% more year-over-year approvals. The wine region's international recognition continues to drive investment interest from both domestic and international buyers.
What's the short-term forecast for property prices over the next 6 to 12 months?
The short-term outlook for Mendoza's property market through mid-2026 shows expected annual growth rates of 3-7% in prime areas, with typical neighborhoods likely to see 2-5% increases.
Premium and luxury properties are expected to outperform mid-range segments due to continued tourism growth and sustained foreign demand. Areas with established wine tourism infrastructure and proximity to premium vineyards should see the strongest appreciation.
However, some less desirable locations may experience market stagnation or slight price decreases as the market matures and becomes more selective. The overall trend remains positive, supported by infrastructure improvements and growing international recognition of Mendoza as a wine destination.
Market dynamics suggest that tourist-friendly neighborhoods and areas with strong rental demand will continue to drive growth, while peripheral areas may lag behind the prime market performance.
What's the medium-term outlook for the next 2 to 3 years?
The medium-term forecast for Mendoza's property market through 2027-2028 projects cumulative appreciation of 9-21%, assuming the continuation of current 3-7% annual growth rates.
Prime areas, luxury properties, and vineyard-adjacent locations are positioned to outperform the broader market during this period. Value neighborhoods may experience catch-up growth if planned urban regeneration programs succeed and infrastructure improvements materialize.
Wine tourism expansion and continued foreign investment should support sustained demand, particularly for properties that can serve both residential and short-term rental purposes. The development of digital nomad infrastructure and improved connectivity could create additional demand drivers.
Key factors supporting this outlook include ongoing wine industry growth, tourism infrastructure development, and Argentina's competitive currency position for international buyers. Market maturation should lead to more differentiated performance between prime and secondary locations.
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What's the long-term projection for the next 5 to 10 years?
Long-term projections for Mendoza's property market through 2030-2035 indicate potential cumulative growth of 15-40%, with the possibility of property values doubling over a 20-year period if current tourism and macroeconomic stability trends persist.
Key drivers supporting this optimistic outlook include continued tourism infrastructure development, foreign investment growth, and wine industry expansion. Mendoza's position as Argentina's premier wine destination provides a solid foundation for sustained international interest.
The development of wine tourism, improved transportation links, and potential for increased international flight connectivity could significantly boost property demand. Climate change considerations may also favor Mendoza's wine-growing regions compared to other global locations.
However, this projection depends heavily on Argentina's macroeconomic stability, political consistency, and continued foreign exchange accessibility. Market performance will likely vary significantly between established premium areas and emerging neighborhoods.
Which neighborhoods are currently showing the strongest growth potential?
Several Mendoza neighborhoods demonstrate exceptional growth potential based on current market dynamics and development trends.
Guaymallén leads with the fastest recent growth and active urban regeneration projects, supported by rising rental rates that indicate strong underlying demand. Luján de Cuyo offers similar prospects with its proximity to premier wine country and tourist attractions.
Chacras de Coria maintains its premium status with strong expat demand and high resale values, while the City Center continues to attract investors seeking rental income and capital appreciation. Godoy Cruz shows particular promise due to rapid infrastructure development and affordability that's 20-30% below city center prices.
Emerging markets include Maipú and San Rafael, which offer excellent value for smaller budgets while maintaining proximity to vineyards and showing steady appreciation. Las Heras and Tunuyán represent longer-term opportunities with active regeneration projects attracting patient investors.
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Which areas are offering the best value for money right now?
Godoy Cruz currently offers the best combination of affordability and growth potential, with improving infrastructure and strong appeal to both families and rental investors.
Maipú, San Rafael, and Las Heras provide exceptional value at 40-50% below premium zone prices while maintaining authentic local character and prospects for longer-term appreciation. These areas suit investors seeking entry-level prices with upside potential.
Tunuyán represents an emerging opportunity with fair pricing and significant upside potential as urban development expands. The area benefits from planned infrastructure improvements and growing recognition among local investors.
These value areas typically offer larger properties for the same investment amount compared to premium neighborhoods, making them particularly attractive for buyers prioritizing space or those planning significant renovations. The key advantage is accessing Mendoza's market appreciation potential at substantially lower entry costs.
How does the outlook differ for houses, apartments, and land?
| Property Type | Investment Range | Best For | Key Advantages |
|---|---|---|---|
| Apartments | $30,000-$140,000 | Rental investors | Lower entry cost, strong short-term rental yields |
| Houses | $50,000-$200,000+ | Families/Expats | Space, outdoor areas, strong resale potential |
| Vineyard Estates | $200,000+ | Luxury investors | Wine tourism income, unique appreciation |
| Land Plots | $10,000-$100,000+ | Custom builders | Flexibility, speculation potential |
| Commercial | $80,000-$300,000+ | Business investors | Higher yields, tourism-driven demand |
What's the current rental yield in different neighborhoods and property types?
Rental yields in Mendoza vary significantly by location and property type, with short-term rentals generally outperforming traditional long-term leases.
Average short-term rental properties generate approximately ARS6 million annually ($7,000 USD) with roughly 50% occupancy rates. Monthly Airbnb revenue averages ARS551,000 ($629 USD), indicating strong tourism demand.
City Center properties achieve the highest yields at 7-11% due to proximity to attractions and business districts. Tourist-wine corridors, particularly Chacras de Coria and Luján de Cuyo, can achieve 8-12% yields with higher occupancy rates during peak seasons.
Affordable outer areas typically show lower yields and higher vacancy rates but offer upside potential as regeneration projects succeed. The Airbnb market includes over 3,000 active listings, with seasonal peaks during January and major harvest festivals, supported by favorable short-term rental regulations in Mendoza.
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.
Where are the best opportunities if you're buying to live in the property yourself?
For owner-occupants, the best opportunities depend on lifestyle preferences and budget constraints, with several neighborhoods offering distinct advantages.
City Center provides the optimal balance of amenities, cultural attractions, and convenience for those prioritizing urban lifestyle and walkability. The area offers excellent restaurants, shopping, and cultural venues within walking distance.
Godoy Cruz appeals to families seeking value and modern amenities, offering 20-30% cost savings compared to premium areas while maintaining good infrastructure and growing commercial development. The neighborhood provides excellent schools and family-friendly environments.
Chacras de Coria attracts expats and affluent buyers seeking wine country lifestyle with premium amenities and international community presence. The area offers larger properties, vineyard views, and proximity to wineries while maintaining reasonable access to city centers.
For those prioritizing outdoor lifestyle and wine industry connections, Luján de Cuyo provides authentic wine country living with tourist amenities and strong community infrastructure.
Where are the most promising spots if you're buying to rent out?
Rental investment opportunities are strongest in areas with high tourism traffic and growing local demand, with several neighborhoods standing out for different rental strategies.
Guaymallén and Luján de Cuyo offer the best prospects for traditional rentals due to rapid appreciation and strong local employment growth. These areas benefit from urban regeneration and improved transportation links.
City Center remains optimal for short-term rentals due to tourist concentration and business traveler demand. Properties here achieve premium nightly rates and maintain higher occupancy throughout the year.
Tourist wine corridors, particularly around major wineries and tasting rooms, provide excellent Airbnb opportunities with seasonal premium pricing during harvest periods and festivals. These locations can command higher rates due to unique wine tourism experiences.
Chacras de Coria offers premium rental potential for both short and long-term strategies, attracting international visitors and expat residents willing to pay higher rates for luxury amenities and wine country atmosphere.
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Where could you see the biggest returns if you're buying to resell later?
Capital appreciation prospects vary significantly across Mendoza's neighborhoods, with timing and market positioning crucial for maximizing returns.
Chacras de Coria and City Center offer stable, premium appreciation with established demand from affluent buyers and consistent market performance. These areas provide lower risk with steady, predictable returns over medium-term holding periods.
Godoy Cruz, Las Heras, and Tunuyán represent emerging areas with strong upside potential over 3+ year holding periods. These neighborhoods benefit from ongoing development projects and infrastructure improvements that should drive future appreciation.
Guaymallén and Luján de Cuyo show the strongest current momentum, with rental growth indicating underlying value appreciation that should translate to capital gains for early investors in these regenerating areas.
The key strategy involves identifying neighborhoods in early development stages with confirmed infrastructure investments and growing tourism or employment centers nearby. Properties near planned wine tourism developments or transportation improvements offer particular upside potential.
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 property market demonstrates strong fundamentals with 4.3% annual growth and robust tourism-driven demand supporting continued appreciation across multiple neighborhoods.
Investment opportunities range from value plays in emerging areas like Godoy Cruz and Maipú to premium investments in established wine country locations, with rental yields reaching up to 12% in prime tourist areas.
Sources
- Mendoza Price Forecasts - TheLatinvestor
- Cost of Living in Mendoza - Nomads.com
- Mendoza Province House Prices - Properstar
- Property Investment Mendoza - TheLatinvestor
- Mendoza Property Guide - TheLatinvestor
- Airbnb Revenue Mendoza - Airbtics
- Distrito Cacheuta Report - AirROI
- Las Leñas Report - AirROI