Authored by the expert who managed and guided the team behind the Argentina Property Pack
Everything you need to know before buying real estate is included in our Argentina Property Pack
Argentina's housing market is experiencing a significant recovery with transaction volumes up 47.3% year-on-year and foreign investment surging in Buenos Aires premium neighborhoods. House prices in USD terms have risen 38.9% over the past 12 months, though they remain below pre-2019 levels when adjusted for inflation.
The market outlook for 2025-2027 depends heavily on President Milei's economic reforms continuing to reduce inflation from current levels of 43.5% and stabilize the peso exchange rate. Mortgage rates, while still high at 37.84%, have dropped dramatically from their 130% peak in late 2023, making property purchases more accessible for qualified buyers.
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.
Argentina's residential property market is rebounding strongly with rising prices and transaction volumes, driven by economic reforms and increased foreign investment.
While inflation remains high, the trend is downward, and experts forecast continued price appreciation in USD terms over the next two years, particularly in Buenos Aires premium areas.
| Market Indicator | Current Status (September 2025) | Outlook 2025-2027 |
|---|---|---|
| Average House Price (Buenos Aires) | $2,427-$2,460 per m² | 7-10% annual growth in USD |
| Price Change (12 months) | +38.9% in USD terms | Continued appreciation expected |
| Transaction Volume | +47.3% year-on-year | Sustained high activity |
| Inflation Rate | 43.5% (declining) | 23-35% by mid-2026 |
| Mortgage Rate | 37.84% | Gradual decline expected |
| Foreign Investment | 15-20% of premium transactions | Increasing trend |
| GDP Growth Projection | 3-4% annually | Modest recovery continuing |
What's the current average house price in Argentina right now?
As of September 2025, the average house price in Buenos Aires ranges from $2,427 to $2,460 per square meter in mid-range neighborhoods.
A typical 60-square-meter apartment in these areas costs approximately $136,000. However, luxury neighborhoods like Puerto Madero command significantly higher prices, ranging from $5,931 to $6,500 per square meter, making a median home sale worth around $355,000.
Outside the capital, major cities like Córdoba and Mendoza offer more affordable options, with average prices ranging from $1,000 to $3,000 per square meter. This represents a substantial discount compared to Buenos Aires, making these cities attractive for investors seeking lower entry points into the Argentine property market.
The current pricing reflects the market's recovery from the economic crisis, though values remain below pre-2019 levels when adjusted for inflation. Foreign buyers are increasingly active in the premium segments, representing 15-20% of transactions in high-end Buenos Aires neighborhoods.
How have house prices in Argentina changed each year over the past decade?
Argentine house prices have experienced extreme volatility over the past decade, with nominal increases masking significant real value losses due to hyperinflation.
| Period | Nominal Price Change | Real Value Impact |
|---|---|---|
| 2019-2024 | Varied significantly | -70% real value loss |
| Last 5 years | 7-9% annual increases (Palermo) | Substantial purchasing power decline |
| Past 12 months | +38.9% in USD terms | Strong recovery phase |
| 2025 Q1-Q3 | +3.15% quarterly | Gradual stabilization |
| Late 2024 | +2.52% quarterly | Beginning of recovery |
The past 12 months have marked a dramatic turnaround, with median sale prices rising 38.9% in USD terms and transaction volumes increasing 20.1%. This recovery follows President Milei's economic reforms, which have begun to stabilize the currency and reduce inflation from crisis levels.
Despite recent gains, property values remain below pre-2019 levels in real terms, creating opportunities for investors who believe in Argentina's long-term economic stabilization. The quarterly changes show modest but consistent growth, suggesting the market has found a more sustainable pace after years of extreme volatility.
What's the current inflation rate and how is it expected to change in the next 12 months?
Argentina's annual inflation rate stands at 43.5% as of July 2025, marking a significant improvement in the disinflation process.
This represents a notable decline from 47.3% in May 2025 and an extraordinary 120% rate from the previous year. The downward trend reflects the impact of President Milei's economic reforms, including fiscal adjustments and monetary policy changes aimed at controlling price growth.
Analysts forecast inflation to continue declining over the next 12 months, with expectations of reaching between 23% and 35% by mid-to-late 2026. This projection assumes that current reform policies remain in place and continue to show effectiveness in stabilizing the economy.
The declining inflation rate is crucial for the real estate market, as it allows property values to recover in real terms. Lower inflation also supports improved mortgage accessibility and purchasing power for both domestic and foreign buyers looking to invest in Argentine properties.
It's something we develop in our Argentina property pack.
What's the current mortgage interest rate in Argentina and how has it moved over the last two years?
The current average mortgage interest rate in Argentina is 37.84% as of June 2025, representing a significant but still elevated cost of borrowing.
This rate has increased from 33.55% in the previous quarter but remains dramatically lower than the peak of 130.6% reached in late 2023 during the height of the economic crisis. The current level, while high by international standards, reflects the ongoing normalization process following extreme monetary policy measures.
Over the past two years, mortgage rates have experienced extraordinary volatility, ranging from a minimum of 10.08% (recorded in 2007) to the recent crisis peak above 130%. The past 24 months have seen rates fluctuate between 30% and 130%, making property financing extremely challenging for most buyers during the crisis period.
The current downward trend in rates supports increased mortgage activity, which soared 1,042% in 2025 compared to previous crisis levels. This dramatic increase in lending activity indicates that the current rate level, while still high, is becoming more accessible for qualified borrowers, particularly those with USD income or substantial peso savings.
How many residential properties are currently on the market compared to last year?
The Argentine residential property market has experienced a dramatic surge in available inventory compared to last year.
Rental property availability in Buenos Aires has increased by 170% since rent controls were removed in 2024, creating a much more active and liquid market. This massive increase reflects both the return of properties to the formal market and improved confidence among property owners.
Transaction volume has jumped 47.3% since July 2023, indicating not just more properties available but also increased buyer activity. The number of properties listed and deeds signed increased by 35% in 2024, reflecting a recovering and increasingly active market environment.
This increased supply comes primarily from property owners who had previously withdrawn from the market during the rent control period and economic uncertainty. The combination of regulatory changes and economic stabilization has encouraged owners to return their properties to the market, creating more options for both renters and buyers.
The surge in available properties, combined with increased transaction volumes, suggests a healthy rebalancing of the market after years of artificial scarcity caused by economic controls and uncertainty.
Don't lose money on your property in Argentina
100% of people who have lost money there have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
What's the current unemployment rate and wage growth trend in Argentina?
Argentina's unemployment rate is estimated below 8% in mid-2025, showing gradual improvement following the post-crisis recovery period.
This represents a positive trend compared to higher unemployment levels during the peak economic crisis, though official revisions may adjust these figures. The improvement reflects the beginning of economic stabilization under the current reform program, though challenges remain significant.
Real wages continue to face pressure as they trail inflation, despite the declining inflation rate. Workers' purchasing power has been substantially eroded over the past several years, though the reforms promise gradual wage stabilization in the coming periods.
The wage growth trend remains challenging for domestic property buyers, as real income recovery typically lags behind inflation reduction. This dynamic explains why foreign investment and USD-based transactions have become increasingly important in the property market, as international buyers have maintained stronger purchasing power throughout the economic adjustment period.
Employment and wage trends are gradually improving but remain below levels needed for broad-based domestic property demand recovery, making the market particularly dependent on foreign investment and high-income domestic buyers for continued growth.
What's the projected GDP growth or contraction over the next two years?
Argentina's GDP growth outlook for 2025-2027 is cautiously positive as economic reforms begin to take effect across various sectors.
The official consensus points to 3-4% annual growth for the real estate sector specifically, with modest economic recovery expected over the next two years. This projection reflects the anticipated benefits of stabilization policies, reduced inflation, and improved investor confidence.
The growth forecast is contingent on the continuation of current reform policies and their successful implementation. Key factors supporting this outlook include fiscal adjustment measures, monetary policy normalization, and regulatory improvements that have already begun to attract foreign investment.
Real estate development is expected to benefit from this growth trajectory, with increased construction activity and property investment supporting broader economic recovery. The sector's performance will likely outpace general economic growth due to pent-up demand and increased foreign participation.
Risks to this projection include potential policy reversals, global market shocks, and challenges in maintaining reform momentum. However, early indicators suggest that structural changes are beginning to create a foundation for sustainable growth in both the economy and property market.
How many new housing units are expected to be built in the next 12 months?
New housing construction in Argentina is projected to increase significantly over the next 12 months, though precise figures remain limited due to the transitional nature of the market.
In Buenos Aires alone, estimates suggest 10,000 to 30,000 new units could be developed as foreign investment returns and credit access improves. This represents a substantial increase from recent years when construction activity was severely constrained by economic uncertainty and financing difficulties.
New development permits and projects are increasing across major cities, driven by improved regulatory environment and growing investor confidence. The removal of various restrictions and the implementation of more business-friendly policies have encouraged developers to restart or initiate new projects.
Foreign investment flows, particularly from US, European, and Brazilian investors, are providing crucial capital for new developments. The combination of legal reforms including the Ley de Bases and RIGI (Incentive Regime for Large Investments) has created a more favorable environment for large-scale residential projects.
The construction surge is expected to help address housing shortages in major cities while providing employment opportunities and supporting broader economic recovery. However, the pace of development will depend on continued political stability and sustained foreign investment interest.
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 are foreign investment levels in Argentine real estate right now compared to past years?
Foreign investment in Argentine real estate has increased substantially compared to recent years, representing a dramatic turnaround from crisis-period levels.
Currently, foreign buyers represent 15-20% of transactions in premium Buenos Aires neighborhoods, driven primarily by investors from the United States, Europe, and Brazil. This marks a significant increase from the 2022-2023 period when foreign participation was minimal due to economic uncertainty and regulatory obstacles.
The surge in foreign investment is attributed to several key factors: legal reforms including the Ley de Bases and RIGI, significant currency devaluation making properties more affordable in hard currency terms, and eased purchase restrictions that previously deterred international buyers.
Compared to historical levels, current foreign investment represents a recovery toward pre-crisis participation rates, though it remains concentrated in premium segments and major cities. Foreign buyers are particularly active in areas like Puerto Madero, Palermo, and other upscale Buenos Aires neighborhoods where property values are perceived as offering good value relative to international standards.
The trend toward dollarization of real estate transactions has made the market more attractive to foreign investors, who can now conduct purchases in USD, reducing currency risk and simplifying the investment process for international buyers.
What are experts and major banks forecasting for the housing market over the next two years?
Banks and real estate analysts are predicting continued positive momentum for Argentina's housing market over the 2025-2027 period.
Expert forecasts predict rising transaction volumes, ongoing price appreciation in premium areas, and continuing dollarization of real estate deals. The 5-year growth forecast suggests 7-10% annual price appreciation in USD terms, contingent on continued economic stabilization and reform implementation.
Major financial institutions expect the premium Buenos Aires market to outperform other segments, driven by sustained foreign investment and limited supply of high-quality properties. The luxury segment is anticipated to see the strongest price growth due to international demand and peso devaluation effects.
Analysts identify several risk factors that could temper the positive outlook: persistent inflation despite the downward trend, potential policy reversals if political conditions change, and global market shocks that could reduce foreign investment flows.
The consensus view suggests that while challenges remain, the structural reforms implemented have created a foundation for sustained market recovery. Banks are gradually increasing real estate lending as conditions stabilize, supporting both the residential and commercial property sectors.
It's something we develop in our Argentina property pack.
What's the peso exchange rate trend against the US dollar over the past 12 months?
The Argentine peso has experienced dramatic devaluation against the US dollar, losing 96% of its value since 2019, though the pace of decline has moderated recently.
Over the past 12 months, the peso underwent significant devaluation, but the rate of decline has slowed following the implementation of economic reforms. The market is now showing signs of cautious stabilization as monetary policy measures begin to take effect.
The massive devaluation has created both challenges and opportunities in the real estate market. While it has eroded domestic purchasing power, it has made Argentine properties extremely attractive to foreign buyers with hard currency, contributing to the surge in international investment.
Current exchange rate policy focuses on allowing market forces to determine the peso's value while implementing monetary measures to prevent runaway inflation. This approach has contributed to the stabilization trend, though the peso remains vulnerable to external shocks and domestic policy changes.
The exchange rate trend directly impacts real estate pricing, as more transactions are now conducted in USD or USD-linked terms, providing protection for both buyers and sellers against further currency volatility. This dollarization trend is expected to continue as long as peso stability remains uncertain.
How have property transaction volumes changed in the last 24 months?
Property transaction volumes in Argentina have experienced a remarkable recovery over the past 24 months, representing one of the strongest indicators of market revival.
| Period | Volume Change | Key Driver |
|---|---|---|
| Past 24 months overall | +47.3% year-on-year (Buenos Aires) | Economic reforms and stability |
| 2025 mortgage activity | +1,042% increase | Lower interest rates from crisis peak |
| 2024 deeds signed | +35% increase | Regulatory improvements |
| Foreign transactions | 15-20% of premium market | Currency devaluation advantage |
| Rental market | +170% availability increase | Rent control removal |
The most dramatic change has been the 1,042% surge in mortgage activity during 2025, reflecting improved access to financing as interest rates declined from crisis peaks above 130% to current levels around 37.84%. This represents a normalization of the credit market that had been virtually frozen during the economic crisis.
The 35% increase in deeds signed during 2024 signals robust market recovery, with both domestic and foreign buyers returning to the market. The combination of regulatory improvements, currency stabilization efforts, and renewed confidence has driven this transaction surge.
Foreign buyer participation has been particularly significant, with international investors now representing 15-20% of transactions in premium Buenos Aires neighborhoods. This foreign capital influx has provided crucial liquidity and price support during the recovery period.
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.
Argentina's housing market is experiencing a strong recovery phase with rising prices, increased transaction volumes, and growing foreign investment, making it an attractive time for property investment consideration.
While challenges remain including high inflation and interest rates, the downward trends in both indicators combined with economic reforms suggest continued market improvement over the next two years.
Sources
- Argentina Price Forecasts
- Average House Price Argentina
- Buenos Aires Real Estate Update June 2025
- Argentina Home Price Trends
- Argentina Price Change 10 Years
- Argentina Inflation Rate
- Reuters Argentina Inflation Report
- Focus Economics Argentina Inflation
- Argentina Mortgage Interest Rate
- Argentina Lending Interest Rate