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House prices in Mendoza are unlikely to go down in the coming year, with local market conditions and economic trends pointing toward continued moderate growth.
The combination of strong foreign investment demand, improving inflation rates, and limited housing supply suggests property values will remain stable or increase slightly through 2026.
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 resilient growth patterns with prices rising 4.3% in the past year to $1,200 USD per square meter as of September 2025.
Economic fundamentals including declining interest rates (29% down from 133% in 2023) and moderating inflation support continued price stability and modest appreciation.
| Market Indicator | Current Status (Sep 2025) | Trend Direction |
|---|---|---|
| Average Price per m² | $1,200 USD | +4.3% annually |
| New Construction Price | $1,500 USD per m² | Strong demand |
| Properties for Sale | 28,000+ listings | Stable supply |
| Interest Rate | 29% | Declining (from 133%) |
| Inflation Rate | 28% projected annual | Moderating |
| Rental Growth | +19-29% by district | Strong increases |
| 12-Month Forecast | 3-7% price growth | Upward trajectory |
What have house prices in Mendoza done over the last 5 to 10 years?
House prices in Mendoza have shown steady upward momentum over the past decade, with particularly strong growth following the pandemic period.
Over the past 5 years since 2020, property values in Mendoza have risen by a cumulative 26%, climbing from $950 USD per square meter in 2021 to $1,200 USD per square meter by mid-2025. This represents an average annual growth rate of approximately 5.2% during this period.
Looking at the broader 10-year perspective, Mendoza's residential market has outperformed Argentina's overall housing sector, which has experienced long-term stagnation in real terms. The province benefited significantly from increased foreign investment and growing wine tourism, especially after 2020 when international buyers began seeking properties in Argentina's wine regions.
Premium neighborhoods like Chacras de Coria have seen even stronger appreciation, while more affordable areas such as Las Heras and Godoy Cruz have maintained steady but more modest price increases. The market demonstrated resilience during Argentina's economic challenges, supported by dollar-denominated transactions and international demand.
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What is the current average price per square meter for homes in Mendoza?
As of September 2025, the average price per square meter for residential properties in Mendoza stands at $1,200 USD for existing homes.
New construction commands a premium, with newly built homes averaging approximately $1,500 USD per square meter. This 25% price difference reflects the additional value buyers place on modern amenities, updated building standards, and contemporary designs.
Price variations across different neighborhoods are significant. Premium areas like Chacras de Coria, known for their proximity to wineries and upscale amenities, command prices well above the average. In contrast, more affordable districts offer better value for money: Las Heras shows average home prices around $40,000 USD for standard properties, while Godoy Cruz averages approximately $30,000 USD for similar homes.
These prices reflect Mendoza's position as an attractive destination for both domestic and international buyers, with the wine region's appeal driving demand in certain areas while maintaining affordability in others.
How much have house prices in Mendoza changed in the past 12 months?
House prices in Mendoza have increased by 4.3% over the past 12 months, rising from $1,150 USD per square meter in 2024 to the current $1,200 USD per square meter as of September 2025.
This growth rate demonstrates the market's stability amid Argentina's broader economic changes. The increase has been driven primarily by sustained international interest in Mendoza's wine country properties and improved economic conditions following the reduction in inflation rates and interest rates.
Different property segments have experienced varying levels of appreciation. Luxury properties and those in prime wine tourism areas have seen stronger growth, while entry-level homes have appreciated more modestly. New construction has maintained its premium pricing structure throughout this period.
The 4.3% annual increase positions Mendoza's price growth as moderate but consistent, reflecting a market that's neither overheating nor stagnating, which suggests sustainable long-term appreciation patterns.
What is the current supply of homes for sale in Mendoza compared to last year?
The current supply of homes for sale in Mendoza shows over 28,000 properties listed as of September 2025, representing a stable inventory level compared to the previous year.
This supply level marks a recovery and stabilization since mid-2024, when inventory had been lower. The current stock is supported by both new development projects and increased listings from existing homeowners taking advantage of improved market conditions.
The inventory is well-distributed across different price segments and neighborhoods, with premium wine country areas maintaining tighter supply due to limited available land, while suburban and peripheral areas offer more options for buyers.
Compared to last year, the market shows balanced supply-demand dynamics, neither experiencing the inventory shortages that can drive rapid price increases nor the oversupply that could pressure prices downward. This equilibrium supports stable pricing trends and reasonable choice for buyers across different budget ranges.
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How many homes are selling each month in Mendoza right now?
Specific monthly sales figures for Mendoza are not publicly published by local authorities, but market indicators suggest robust transaction activity throughout 2025.
Based on the available inventory of over 28,000 properties and typical market turnover rates, industry estimates suggest hundreds of residential transactions occur monthly across Greater Mendoza. The wine country's popularity among both domestic and foreign buyers maintains steady demand.
Transaction volume is particularly strong in premium districts near vineyards and tourist areas, where international buyers and investors are most active. These areas experience higher turnover rates compared to more traditional residential neighborhoods.
Real estate professionals report consistent buyer interest and regular closing activity, suggesting the market maintains healthy liquidity without the rapid turnover that might indicate speculative activity or the sluggish sales that could signal market weakness.
What is the average time it takes for a home to sell in Mendoza today?
Properties in Mendoza currently take an average of 50 to 57 days to sell, based on comparable data from Argentine cities and local market conditions as of September 2025.
Well-priced properties in desirable locations, particularly those in the wine country or with attractive amenities, often sell faster than this average. Premium properties with unique features or exceptional locations may command longer marketing periods but typically achieve higher prices.
Factors affecting sale timelines include property condition, pricing strategy, location, and buyer financing arrangements. Properties priced competitively with current market values tend to sell within the average timeframe, while overpriced listings may remain on the market significantly longer.
The relatively short time-to-sale indicates a healthy market with active buyer interest and reasonable pricing expectations from sellers, supporting continued market stability and transaction volume.
How have interest rates in Argentina changed over the past year?
Argentina's benchmark interest rate has declined dramatically over the past year, falling from 133% in late 2023 to 29% as of September 2025.
| Period | Interest Rate | Change |
|---|---|---|
| Late 2023 | 133% | Peak level |
| January 2025 | 32% | -101 percentage points |
| September 2025 | 29% | -3 percentage points |
| Current vs 2020 | 29% | Lowest since 2020 |
| Overall Decline | -104 points | 78% reduction |
This substantial reduction reflects the Central Bank of Argentina's response to moderating inflation and improved economic stability. The current 29% rate, while still high by international standards, represents the lowest level Argentina has seen since 2020.
For real estate buyers, this decline has improved affordability for those seeking peso-denominated financing, though many property transactions in Mendoza continue to be conducted in US dollars. The lower rates also reduce the opportunity cost of holding real estate versus high-yield peso investments.
What is the current inflation rate in Argentina and how is it trending?
Argentina's inflation rate is moderating significantly, with monthly inflation at 1.9% in July 2025, marking the third consecutive month below 2%.
Annual inflation projections for 2025 estimate approximately 28% by year-end, representing a substantial improvement from the triple-digit inflation rates experienced in 2023. This downward trend reflects successful monetary policy adjustments and improved economic management.
The moderation in inflation rates has positive implications for Mendoza's real estate market, as it reduces the pressure on property prices as an inflation hedge and allows for more predictable market conditions. Lower inflation also supports consumer purchasing power and can encourage more stable investment decisions.
This inflation trajectory, combined with declining interest rates, creates a more favorable environment for real estate investment and homeownership, supporting continued demand in Mendoza's residential market.
How many new housing developments are being built in Mendoza this year?
Several new residential developments have launched in Mendoza during 2025, with a focus on premium properties designed for both local and international buyers.
New construction activity is particularly concentrated in tourist-centric areas and locations near vineyards, where demand from wine tourism and foreign investment remains strong. These projects typically feature modern amenities and contemporary designs that appeal to buyers seeking newly built homes.
Development activity reflects developer confidence in the market's continued growth and the sustained appeal of Mendoza as a residential destination. The projects under construction will add to the housing supply while maintaining focus on quality and location advantages.
The concentration of new developments in premium areas supports the market's segmentation, where new construction commands the $1,500 USD per square meter average while providing additional inventory for the upper end of the market.
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What is the unemployment rate in Mendoza and is it rising or falling?
Greater Mendoza's unemployment rate stood at 4.8% in December 2024, showing improvement from the 5.0% recorded in September 2024.
This unemployment level is notably lower than Argentina's national unemployment rate of 7.9% in Q1 2025, indicating that Mendoza's regional economy is performing better than the country overall. The declining trend in local unemployment suggests economic stability and job market health.
The relatively low unemployment rate supports housing demand by maintaining household incomes and employment security, which are crucial factors for homebuying decisions. A stable job market also attracts new residents to the area, contributing to housing demand.
The positive employment trends in Mendoza, combined with the province's appeal to tourists and foreign investors, create a supportive environment for continued residential real estate demand and price stability.
How have rental prices in Mendoza changed in the past 12 months?
Rental prices in Mendoza have experienced significant increases over the past 12 months, with some districts seeing substantial growth rates.
The fastest-growing rental markets include Guaymallén (+29%), Luján de Cuyo (+28%), and Maipú (+25%). These districts have become particularly attractive to investors and digital nomads, driving strong rental demand and price appreciation.
In Mendoza city center, a two-bedroom apartment now averages 506,000 ARS per month, while premium districts command 600,000 to 700,000 ARS monthly (approximately $400 to $600 USD at current exchange rates). These rental levels reflect both inflation adjustments and increased demand from various tenant segments.
The strong rental price growth indicates robust demand for rental properties, supporting investment returns for property owners and suggesting continued appeal of Mendoza as a place to live and work. This rental market strength also supports property values by demonstrating income-generating potential for investors.
What do local real estate agents and market reports predict for Mendoza prices over the next year?
Local real estate agents and market analysts predict continued price appreciation in Mendoza over the next 12 months, with expected growth rates between 3% and 7% annually.
Premium locations including Chacras de Coria, Guaymallén, and Luján de Cuyo are expected to outperform the general market due to tourism growth, expatriate demand, and ongoing infrastructure investments. These areas benefit from proximity to wineries and attractive amenities that drive sustained buyer interest.
Market reports indicate that while some less-central areas may experience price stabilization or slight declines, the overall market trend points upward. The combination of improving economic fundamentals, declining interest rates, and continued foreign investment supports this positive outlook.
Rental yields and investment returns remain attractive according to local agents, supported by growing wine tourism and increasing digital nomad populations. This investment appeal is expected to continue supporting property values throughout 2026.
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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 conditions and economic trends, house prices in Mendoza are unlikely to decline in the coming year.
The combination of moderate price growth, improving economic fundamentals, and sustained demand from both domestic and international buyers supports continued price stability and modest appreciation through 2026.
Sources
- The LatinVestor - Mendoza Price Forecasts
- CEIC Data - New Constructed House Selling Price Mendoza
- The LatinVestor - Mendoza Property
- Realtor.com - Mendoza International
- PropertyStar - Mendoza Province Houses
- The Close - Best Time to Sell House
- Trading Economics - Argentina Interest Rate
- BBVA Research - Argentina Inflation July
- CEIC Data - Greater Mendoza Unemployment
- The LatinVestor - Argentina Price Forecasts