Key Points
- Research suggests the Argentina housing market is stabilizing, with sales and prices showing signs of recovery in 2025.
- It seems likely that house and apartment sales increased in 2024, with transaction values projected at US$16.50 billion.
- The evidence leans toward rising prices, with the average price per square meter for apartments in Buenos Aires at around $2,400 in recent years, varying by neighborhood.
- Predictions for 2025 and 2026 indicate continued growth, with a projected market size of US$55.12 billion by 2032, though specific forecasts for those years are uncertain.
Housing Market Overview
The Argentina housing market has faced challenges due to economic instability, but recent trends suggest a stabilization, particularly in major cities like Buenos Aires.
Sales of houses and apartments appear to be recovering, driven by increased transaction values and government policies promoting homeownership. Prices are showing an upward trend, especially in urban areas, reflecting growing demand and economic recovery efforts.
Sales Data
Research indicates that residential real estate transaction values are expected to reach US$16.50 billion in 2024, suggesting a rise in sales activity. However, specific numbers for houses and apartments are hard to pinpoint, with data from 2022 showing 33,753 property sales in Buenos Aires, up 17% from the previous year but still below historical averages.
Price Trends
Price trends show variability, with the average price per square meter for apartments in Buenos Aires around $2,400 for one-bedroom units in 2022, according to recent data. Neighborhoods like Puerto Madero can reach up to $6,500 per square meter for new builds in 2024, while more affordable areas like Villa Lugano average around $1,000 per square meter, highlighting significant regional differences.
Predictions for 2025 and 2026
Looking ahead, the market is expected to grow, with projections suggesting a market size of US$55.12 billion by 2032, implying continued expansion into 2025 and 2026. However, specific predictions for these years are less certain, with factors like economic stability and government policies likely to influence outcomes.
Detailed Report on Argentina Housing Market
The Argentina housing market has been a focal point for investors and residents alike, given the country's economic volatility and recent policy shifts. This report delves into sales of houses and apartments, price trends, and predictions for likely changes in 2025 and 2026, drawing on a range of data sources to provide a comprehensive overview.
Sales of Houses and Apartments
Sales data for houses and apartments in Argentina indicate a recovery in recent years, particularly in urban centers. According to Statista, the residential real estate transaction value is projected to reach US$16.50 billion in 2024, with a steady growth rate of 1.00% CAGR from 2024 to 2029, driving the market volume to US$17.34 billion by 2029 (Residential Real Estate Transactions - Argentina | Forecast).
This suggests increased sales activity, though exact figures for the number of units sold are less readily available. Historical data from 2022 shows 33,753 property sales transactions in Buenos Aires, up 17% from the previous year, but still below the annual average of 65,000 sales recorded from 1998 to 2011, based on figures from the Colegio de Escribanos de la Ciudad de Buenos Aires (Argentina’s Housing Market Continues to Fall (2023, Q2)).
This indicates a market still recovering from past economic challenges, with potential for growth driven by increased consumer confidence and government initiatives.Price TrendsPrice trends in the Argentina housing market show significant variation, particularly in Buenos Aires, which serves as a key indicator for the national market. Recent data from Statista highlights that in October 2022, the average price for a one-bedroom apartment with an average size of 40 square meters was about $96,000, equating to $2,400 per square meter (Buenos Aires: apartment prices by size 2022 | Statista).
For two-bedroom and three-bedroom apartments, average sizes are 50 square meters and 70 square meters, respectively, but specific prices for these were not detailed in the data. Neighborhood-specific data from 2024 shows Puerto Madero with new apartment prices reaching $6,500 per square meter, while Palermo averages around $3,600 for new builds and $3,000 for existing apartments (Buenos Aires: apartment prices by area 2024 | Statista).
More affordable neighborhoods like Villa Lugano have average prices around $1,000 per square meter, as noted in recent analyses (The 10 Most Affordable Neighborhoods in Buenos Aires, Argentina for First-Time Homebuyers - Kurby Real Estate AI).
Historical trends show price declines adjusted for inflation, with significant drops in real terms in recent years, but nominal prices are stabilizing, suggesting a potential upward trajectory.
Predictions for 2025 and 2026Predictions for 2025 and 2026 are based on broader market forecasts, given the lack of specific annual projections. The IMARC Group expects the Argentina real estate market to reach US$55.12 billion by 2032, exhibiting a growth rate (CAGR) of 3.20% during 2024-2032, starting from US$42.3 billion in 2023 (Argentina Real Estate Market Size & Growth | Trends 2032).
This growth is driven by economic stability, higher demand for residential spaces, and government incentives for new construction projects. For 2025, Statista projects a transaction value of US$16.67 billion for residential real estate, with a CAGR of 0.99% from 2025 to 2029, suggesting continued growth (Residential Real Estate - Argentina | Market Forecast).
While specific predictions for 2026 are not detailed, the trend indicates sustained expansion, potentially influenced by Milei’s economic reforms, such as tax amnesty and deregulation, which are expected to drive capital into real estate (Buenos Aires Real Estate Market: 2024 Investor Guide - The Wandering Investor). These reforms, including the RIGI scheme, are likely to enhance market vibrancy, though exact impacts on prices and sales remain uncertain.
Market Dynamics and Regional Variations
The market dynamics are shaped by economic factors like high inflation and currency devaluation, which have historically driven investment into real estate as a safe haven.
Buenos Aires dominates the market, with significant activity in neighborhoods like Palermo and Puerto Madero, but regional variations are notable.
For instance, Mendoza and Bariloche offer vineyard properties and chalets at lower price points, with 30-40 acre vineyards averaging $75,000 and chalets at $110,000, reflecting diverse investment opportunities (Real Estate and Property in Argentina - International Living).
The growing demand for rental properties, driven by young professionals and students, is also accelerating market growth, with gross rental yields in Buenos Aires averaging 4.88%, ranging from 3.4% to 6.38% (12 statistics for the Argentina real estate market in 2025 – TheLatinvestor).
Challenges and Opportunities
Challenges include high inflation rates, which have historically impacted purchasing power, and a housing deficit estimated at 2 million units, with 60% in Buenos Aires and its suburbs, requiring annual construction of 150,000 homes to address (Housing in Argentina - Counselors of Real Estate).
Opportunities lie in government policies promoting homeownership, such as reintroduced mortgage loans in May 2024 with 13 banks, boosting activity in Buenos Aires (Argentina Real Estate Market Size & Growth | Trends 2032).
Foreign investment remains strong, particularly from Europe and the US, attracted by historically low property prices and favorable exchange rates, expected to continue as the economy stabilizes.
Table of Key Metrics
Below is a table summarizing key metrics for the Argentina housing market:
Metric | Value | Year/Source |
|---|---|---|
Residential Transaction Value | US$16.50 billion | Projected 2024, Statista |
Market Size | US$42.3 billion | 2023, IMARC Group |
Projected Market Size | US$55.12 billion | 2032, IMARC Group |
Average Price per sqm (1-bed apt, BA) | $2,400 | October 2022, Statista |
Average Price per sqm (Puerto Madero) | $6,500 | July 2024, Statista |
Gross Rental Yield (Buenos Aires) | 4.88%, range 3.4%-6.38% | 2025, TheLatinvestor |
Housing Deficit | 2 million units, 60% in BA suburbs |
This table encapsulates the key quantitative data, providing a snapshot of the market's current state and future projections.
Conclusion
In conclusion, the Argentina housing market is on a path of recovery, with sales and prices showing positive trends, particularly in Buenos Aires.
Predictions for 2025 and 2026 suggest continued growth, driven by economic reforms and increased demand, though challenges like inflation and housing deficits remain.
Investors and buyers should monitor regional variations and government policies for informed decision-making.
Key Citations
- Residential Real Estate Transactions - Argentina | Forecast
- Argentina Real Estate Market Size & Growth | Trends 2032
- Buenos Aires: apartment prices by size 2022 | Statista
- Buenos Aires: apartment prices by area 2024 | Statista
- 12 statistics for the Argentina real estate market in 2025 – TheLatinvestor
- Housing in Argentina - Counselors of Real Estate
- Buenos Aires Real Estate Market: 2024 Investor Guide - The Wandering Investor
- Real Estate and Property in Argentina - International Living
