A respected Argentine economist reveals that property prices will rise by up to 40% in Buenos Aires in near term

[earlyretirement]

A Famous Argentine Economist predicts that real estate prices will rise by up to 40%

So finally some economists are following my lead. I correctly forecasted in mid-2023 that real estate in Buenos Aires bottomed out and was heading up. Not bad calling the bottom after watching prices fall for almost 5 years. (We have that gift predicting bottoms in markets in several countries over the past 25 years).

Esteban Domecq, one of the most popular economic analysts among businesspeople and financial agents, outlined key aspects of the sector for 2025.

The real estate market in 2024 experienced a significant boost in 2024. Sales transactions in 2024 were 35% above 2023 and almost everyone agrees 2025 will beat 2024 which was a great year.

Domecq is predicting that prices up rise up to 40% in the near term. He is saying it could take "two, three or 4 years".

This is everything my firm predicted would happen in 2023. Sales transactions and prices will keep moving up. We gave all the reasons why this would happen with our prediction that mortgages would come back into the picture as well as the tens of billions from the tax amnesty that will enter into the market and is already happening.

The government has done smart things like getting rid of the 1.5% transfer tax when selling. This was smart on President Milei's part.

President Milei does need to get his head out of his ass and get a Golden Passport program in place. Just imagine if he announced the program instead of scams like Libra he could announce a Golden Passport system and instantly get billions of dollars into Argentina.

Whether the economy improves or tanks, doesn't matter, people will be shifting the billions that came in from the amnesty into real estate like happened the last time with Macri.

Real estate prices in desirable neighborhoods like Palermo and Recoleta are still cheap. These are the most desirable neighborhoods in all of South America. Smart money is buying up premium properties right now on the cheap. All my investors that followed our lead at the bottom in 2023 are extremely happy.

​

An economist reveals that property prices will rise by up to 40%

March 14, 2025

buysellba.com

 

[Johnny]

A Famous Argentine Economist predicts that real estate prices will rise by up to 40%

So finally some economists are following my lead. I correctly forecasted in mid-2023 that real estate in Buenos Aires bottomed out and was heading up. Not bad calling the bottom after watching prices fall for almost 5 years. (We have that gift predicting bottoms in markets in several countries over the past 25 years).

Esteban Domecq, one of the most popular economic analysts among businesspeople and financial agents, outlined key aspects of the sector for 2025.

The real estate market in 2024 experienced a significant boost in 2024. Sales transactions in 2024 were 35% above 2023 and almost everyone agrees 2025 will beat 2024 which was a great year.

Domecq is predicting that prices up rise up to 40% in the near term. He is saying it could take "two, three or 4 years".

This is everything my firm predicted would happen in 2023. Sales transactions and prices will keep moving up. We gave all the reasons why this would happen with our prediction that mortgages would come back into the picture as well as the tens of billions from the tax amnesty that will enter into the market and is already happening.

The government has done smart things like getting rid of the 1.5% transfer tax when selling. This was smart on President Milei's part.

President Milei does need to get his head out of his ass and get a Golden Passport program in place. Just imagine if he announced the program instead of scams like Libra he could announce a Golden Passport system and instantly get billions of dollars into Argentina.

Whether the economy improves or tanks, doesn't matter, people will be shifting the billions that came in from the amnesty into real estate like happened the last time with Macri.

Real estate prices in desirable neighborhoods like Palermo and Recoleta are still cheap. These are the most desirable neighborhoods in all of South America. Smart money is buying up premium properties right now on the cheap. All my investors that followed our lead at the bottom in 2023 are extremely happy.

​

An economist reveals that property prices will rise by up to 40%

March 14, 2025

buysellba.com

Thanks Mike! Glad I jumped in 2023. I feel stupid for not buying more then. I bought a 2nd property last year that they are building now and the prices keep going up. It seems like a no brainer if property prices fell 50% they will go there and go past that with this government in place.

 

[Betsy Ross]

I am glad I bought when I did. I bought in 2008 and got a great deal. Buying isn't for everyone but if you plan to be here in BA for the long term it makes sense as long as prices are reasonable. They went up drastically in 2017. I had friends that bought then and they crashed hard from what they paid. Probably 50%.

 

[Uncle Wong]

Thanks Mike! Glad I jumped in 2023. I feel stupid for not buying more then. I bought a 2nd property last year that they are building now and the prices keep going up. It seems like a no brainer if property prices fell 50% they will go there and go past that with this government in place.

That is my thinking on possibly buying a place. I couldn't get anything for even close to what I would buy in the US. Especially in a good metropolitan city in a good area. In some ways I look at BA like NYC. I guess Palermo would be like the upper West Side and Recoleta like the upper East side. Trendy areas like Palermo Soho or Hollywood like Soho in NYC. Can't imagine what properties like this would go for there.

I know salaries are less but actually judging from people going out to eat all the time I would guess there are a lot of rich people in these neighborhoods.

What were prices like back when you bought @Betsy Ross? @earlyretirement ?

 

[Wally]

That is my thinking on possibly buying a place. I couldn't get anything for even close to what I would buy in the US. Especially in a good metropolitan city in a good area. In some ways I look at BA like NYC. I guess Palermo would be like the upper West Side and Recoleta like the upper East side. Trendy areas like Palermo Soho or Hollywood like Soho in NYC. Can't imagine what properties like this would go for there.

I know salaries are less but actually judging from people going out to eat all the time I would guess there are a lot of rich people in these neighborhoods.

What were prices like back when you bought @Betsy Ross? @earlyretirement ?

I bought my place in 2008 and got a great deal. I paid about $230k for a 3 bedroom in Recoleta. Almost 200 m2.

 

[earlyretirement]

Thanks Mike! Glad I jumped in 2023. I feel stupid for not buying more then. I bought a 2nd property last year that they are building now and the prices keep going up. It seems like a no brainer if property prices fell 50% they will go there and go past that with this government in place.

Congrats @Johnny. I'm glad you jumped in when you did on your 2 properties. Will be a fun ride up. Between these and the new one in Cabo you're in a great spot!

That is my thinking on possibly buying a place. I couldn't get anything for even close to what I would buy in the US. Especially in a good metropolitan city in a good area. In some ways I look at BA like NYC. I guess Palermo would be like the upper West Side and Recoleta like the upper East side. Trendy areas like Palermo Soho or Hollywood like Soho in NYC. Can't imagine what properties like this would go for there.

I know salaries are less but actually judging from people going out to eat all the time I would guess there are a lot of rich people in these neighborhoods.

What were prices like back when you bought @Betsy Ross? @earlyretirement ?

Exactly. Prices are a bargain right now. I'd stay away from Puerto Madero and areas where prices are over $6,000 USD per m2 but still a lot of bargains in Palermo. I'm buying entire PH's for like $430,000 USD now with 4 bedrooms. I consider that a steal. You nailed it on your comparison of Upper East and West side. That's a good analogy. Both great areas.

There are a LOT of wealthy locals. I've said it many times but my Argentines friends net worth blow my American friends out of the water. I have some friends that own like 20 properties in Buenos Aires. All paid off with no mortgages and they keep buying more with the cashflow from the rentals. So they keep adding more every year. That's what I did when I lived in Buenos Aires. At one time I owned 13 apartments in Buenos Aires. I sold off almost all of them in 2017/2018 at the peak.

I am glad I bought when I did. I bought in 2008 and got a great deal. Buying isn't for everyone but if you plan to be here in BA for the long term it makes sense as long as prices are reasonable. They went up drastically in 2017. I had friends that bought then and they crashed hard from what they paid. Probably 50%.

Yes they did crash hard. Case in point, I sold 4 of my 35 m2 apartments in Soho for $200,000 USD each. They did have furniture but that was crazy high prices.

I bought my place in 2008 and got a great deal. I paid about $230k for a 3 bedroom in Recoleta. Almost 200 m2.

Yes, that is about what we were paying back then. I just posted on X today. I purchased Andres Calamaro's old apartment in Recoleta. It was a large 2 bedroom but I renovated it and turned it into 3 bedrooms. It was very good sized. I paid $205,000 in October 2007 and it was cool meeting Andres. Very cool guy.

I posted details on the X post but I bought it for $205,000 and I spent just under $59,000 renovating it as renovations were crazy cheap then. I spent about $35,000 back then furnishing it. Even today the owner is getting $400 USD per night. The place paid for itself a few times over in the past 17 years. It's flipped several times but each owner always has made great cash flow.

 

[Pobre Luis]

Congrats @Johnny. I'm glad you jumped in when you did on your 2 properties. Will be a fun ride up. Between these and the new one in Cabo you're in a great spot!


Exactly. Prices are a bargain right now. I'd stay away from Puerto Madero and areas where prices are over $6,000 USD per m2 but still a lot of bargains in Palermo. I'm buying entire PH's for like $430,000 USD now with 4 bedrooms. I consider that a steal. You nailed it on your comparison of Upper East and West side. That's a good analogy. Both great areas.

There are a LOT of wealthy locals. I've said it many times but my Argentines friends net worth blow my American friends out of the water. I have some friends that own like 20 properties in Buenos Aires. All paid off with no mortgages and they keep buying more with the cashflow from the rentals. So they keep adding more every year. That's what I did when I lived in Buenos Aires. At one time I owned 13 apartments in Buenos Aires. I sold off almost all of them in 2017/2018 at the peak.


Yes they did crash hard. Case in point, I sold 4 of my 35 m2 apartments in Soho for $200,000 USD each. They did have furniture but that was crazy high prices.





Yes, that is about what we were paying back then. I just posted on X today. I purchased Andres Calamaro's old apartment in Recoleta. It was a large 2 bedroom but I renovated it and turned it into 3 bedrooms. It was very good sized. I paid $205,000 in October 2007 and it was cool meeting Andres. Very cool guy.

I posted details on the X post but I bought it for $205,000 and I spent just under $59,000 renovating it as renovations were crazy cheap then. I spent about $35,000 back then furnishing it. Even today the owner is getting $400 USD per night. The place paid for itself a few times over in the past 17 years. It's flipped several times but each owner always has made great cash flow.

Wowzers. That is one beautiful renovation you did @earlyretirement. I saw all that you did on that. It would cost a fortune now to do that. Just last year to this year costs almost doubled. We bought some land in the North but too expensive to build now. When I was going to start it before it was about $800 usd per m2 to build. Now it is about $1600 usd per m2.

 

[oil rush]

So finally some economists are following my lead. I correctly forecasted in mid-2023 that real estate in Buenos Aires bottomed out and was heading up. Not bad calling the bottom after watching prices fall for almost 5 years. (We have that gift predicting bottoms in markets in several countries over the past 25 years).

Bravo. How did you know 2023 was the bottom? I watched prices fall from 2018 and almost jumped in a few times only to see it continue to fall. I read a few of your posts back then saying it was bottom or a month or two from bottom. Remarkable timing.

 

[Bingo]

Congrats @Johnny. I'm glad you jumped in when you did on your 2 properties. Will be a fun ride up. Between these and the new one in Cabo you're in a great spot!


Exactly. Prices are a bargain right now. I'd stay away from Puerto Madero and areas where prices are over $6,000 USD per m2 but still a lot of bargains in Palermo. I'm buying entire PH's for like $430,000 USD now with 4 bedrooms. I consider that a steal. You nailed it on your comparison of Upper East and West side. That's a good analogy. Both great areas.

There are a LOT of wealthy locals. I've said it many times but my Argentines friends net worth blow my American friends out of the water. I have some friends that own like 20 properties in Buenos Aires. All paid off with no mortgages and they keep buying more with the cashflow from the rentals. So they keep adding more every year. That's what I did when I lived in Buenos Aires. At one time I owned 13 apartments in Buenos Aires. I sold off almost all of them in 2017/2018 at the peak.


Yes they did crash hard. Case in point, I sold 4 of my 35 m2 apartments in Soho for $200,000 USD each. They did have furniture but that was crazy high prices.





Yes, that is about what we were paying back then. I just posted on X today. I purchased Andres Calamaro's old apartment in Recoleta. It was a large 2 bedroom but I renovated it and turned it into 3 bedrooms. It was very good sized. I paid $205,000 in October 2007 and it was cool meeting Andres. Very cool guy.

I posted details on the X post but I bought it for $205,000 and I spent just under $59,000 renovating it as renovations were crazy cheap then. I spent about $35,000 back then furnishing it. Even today the owner is getting $400 USD per night. The place paid for itself a few times over in the past 17 years. It's flipped several times but each owner always has made great cash flow.

That is a cool apartment. How long did it take to renovate Early?