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Property prices with the updated official dollar: how much will they cost in April 2025? - La Nacion Propiedades
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www.lanacion.com.ar
April 24, 2025
The lifting of the currency controls changed the rules of the game, and the price of properties in Argentine pesos is affected by the official dollar exchange rate.
Analysts agree that the elimination of the exchange rate restrictions was the necessary push to revive the real estate market.Gonzalo Colini
In a real estate market that has been showing growth due to the reactivation of UVA (Purchasing Value Unit) mortgage lending and a latent demand that is beginning to activate, the elimination of the exchange rate restriction was the push that was needed .
Since last Monday, the market has been operating without restrictions for six years , and a dollar -based band system has been established that will range between $1,000 and $1,400 . This change not only impacts the dynamics of transactions, but also the effective value of properties , especially those acquired through mortgage loans .
According to the most recent data from the Notaries Association of the City of Buenos Aires, deeds grew 94% year-over-year in February , and listing prices have risen 8.8% in the last 12 months , according to Zonaprop. But now, with a more competitive official dollar and exchange rate predictability, the value in pesos of properties in dollars has dropped significantly in just a few days . This means that fewer pesos are needed to convert to dollars and complete the transaction.
The value in pesos of properties in dollars dropped significantly in just a few days.Daniel Basualdo
This is because, until the last day of the currency controls, the exchange rate used to calculate loans was the Mexican peso , which closed at $1,362.74 on Friday, April 11. Today, with the official dollar around $1,125 (as of yesterday's close, Tuesday, April 22), the price of a financed property drops significantly in pesos.
A clear example is the following: a person wants to buy a property for US$100,000 with a mortgage loan.
This account reveals a difference in favor of the buyer: $23,720,000 less , due solely to the exchange rate used. That is, approximately 18% less in pesos .
However, it should not be forgotten that this drop in pesos applies primarily to mortgage purchases , which until now were made using the Mexican peso . In other words, the drop is not due to a drop in the value of properties in dollars, but rather to a change in the exchange rate used for the transaction.
On the other hand, if we take the official dollar as a reference , which is the exchange rate at which trading is now freely permitted, the situation was very different in the first few days after the currency controls were lifted: on the last day of the currency controls, the official dollar was trading at $1,097.50 , and on the first day without restrictions it opened at $1,250 , which implied an immediate devaluation of 14% . Although in the following days the value returned to levels close to the previous ones (such as the current $1,125), the initial impact marked a price adjustment.
In other words, if analyzed in terms of the official dollar, there was an increase in the value in pesos of nearly 14% at the start of the new scheme , which was later partially corrected. This shows that the impact on the market can vary depending on the type of transaction and the time of purchase.
This situation could accelerate buyers' decisions , especially while the dollar remains within the low range. It could also cause homeowners to adjust their dollar values if they perceive demand picking up faster than expected.
When analyzing by neighborhood, using a two-bedroom unit as a reference, Puerto Madero remains on the podium of the most expensive , with a price of US$6,095/m². Palermo and Núñez follow, with US$3,341/m² and US$3,143/m², respectively. On the other hand, Lugano is the neighborhood with the lowest listing prices, with values of US$1,121/m². Nueva Pompeya (US$1,428/m²) and Parque Avellaneda (US$1,529/m²) complete the ranking of the most affordable neighborhoods.
The housing segment is a separate issue. The price of a square meter is below that of an apartment, at US$1,756. It rose 0.5% in March and has accumulated a 1.9% increase in the first quarter of 2025. Looking at the year-over-year trend, it has risen 4.9% in the last 12 months, 3.9 percentage points below the 8.8% increase in apartment prices.
In numbers, a two-bedroom home has a median price of US$291,065, while a three-bedroom home is US$468,204.
www.buysellba.com
Source:
Precio de las propiedades con dólar oficial actualizado: cuánto cuestan en abril 2025
La salida del cepo cambió las reglas del juego y el precio de las propiedades en pesos argentinos se ve afectado por el tipo de cambio oficial del dólar
www.lanacion.com.ar
April 24, 2025
The lifting of the currency controls changed the rules of the game, and the price of properties in Argentine pesos is affected by the official dollar exchange rate.
Analysts agree that the elimination of the exchange rate restrictions was the necessary push to revive the real estate market.Gonzalo Colini
In a real estate market that has been showing growth due to the reactivation of UVA (Purchasing Value Unit) mortgage lending and a latent demand that is beginning to activate, the elimination of the exchange rate restriction was the push that was needed .
Since last Monday, the market has been operating without restrictions for six years , and a dollar -based band system has been established that will range between $1,000 and $1,400 . This change not only impacts the dynamics of transactions, but also the effective value of properties , especially those acquired through mortgage loans .
According to the most recent data from the Notaries Association of the City of Buenos Aires, deeds grew 94% year-over-year in February , and listing prices have risen 8.8% in the last 12 months , according to Zonaprop. But now, with a more competitive official dollar and exchange rate predictability, the value in pesos of properties in dollars has dropped significantly in just a few days . This means that fewer pesos are needed to convert to dollars and complete the transaction.
The value in pesos of properties in dollars dropped significantly in just a few days.Daniel Basualdo
How the end of the currency controls impacts the price of a property
"It's a positive sign to know that the amount of pesos you'll need to exchange the same dollars won't continue to skyrocket," explains José Rozados, director of Reporte Inmobiliario. According to the specialist, the exchange rate liberalization reduces uncertainty and the cost of properties in pesos , which facilitates access to credit, lowers income requirements, and reduces installments.This is because, until the last day of the currency controls, the exchange rate used to calculate loans was the Mexican peso , which closed at $1,362.74 on Friday, April 11. Today, with the official dollar around $1,125 (as of yesterday's close, Tuesday, April 22), the price of a financed property drops significantly in pesos.
A clear example is the following: a person wants to buy a property for US$100,000 with a mortgage loan.
- On Friday, April 11 , with the MEP dollar at $1,362.74, I needed: $136,274,000
- Today , with the official dollar at $1,125.54: $112,554,000
This account reveals a difference in favor of the buyer: $23,720,000 less , due solely to the exchange rate used. That is, approximately 18% less in pesos .
However, it should not be forgotten that this drop in pesos applies primarily to mortgage purchases , which until now were made using the Mexican peso . In other words, the drop is not due to a drop in the value of properties in dollars, but rather to a change in the exchange rate used for the transaction.
On the other hand, if we take the official dollar as a reference , which is the exchange rate at which trading is now freely permitted, the situation was very different in the first few days after the currency controls were lifted: on the last day of the currency controls, the official dollar was trading at $1,097.50 , and on the first day without restrictions it opened at $1,250 , which implied an immediate devaluation of 14% . Although in the following days the value returned to levels close to the previous ones (such as the current $1,125), the initial impact marked a price adjustment.
In other words, if analyzed in terms of the official dollar, there was an increase in the value in pesos of nearly 14% at the start of the new scheme , which was later partially corrected. This shows that the impact on the market can vary depending on the type of transaction and the time of purchase.
This situation could accelerate buyers' decisions , especially while the dollar remains within the low range. It could also cause homeowners to adjust their dollar values if they perceive demand picking up faster than expected.
How much does a property cost in the city?
In concrete terms, according to the latest Zonaprop report, an average 40 m² studio apartment has a listing value of US$105,360. A 50 m² two-bedroom apartment averages US$126,988, while a 70 m² three-bedroom apartment reaches US$174,473.When analyzing by neighborhood, using a two-bedroom unit as a reference, Puerto Madero remains on the podium of the most expensive , with a price of US$6,095/m². Palermo and Núñez follow, with US$3,341/m² and US$3,143/m², respectively. On the other hand, Lugano is the neighborhood with the lowest listing prices, with values of US$1,121/m². Nueva Pompeya (US$1,428/m²) and Parque Avellaneda (US$1,529/m²) complete the ranking of the most affordable neighborhoods.
The housing segment is a separate issue. The price of a square meter is below that of an apartment, at US$1,756. It rose 0.5% in March and has accumulated a 1.9% increase in the first quarter of 2025. Looking at the year-over-year trend, it has risen 4.9% in the last 12 months, 3.9 percentage points below the 8.8% increase in apartment prices.
In numbers, a two-bedroom home has a median price of US$291,065, while a three-bedroom home is US$468,204.
www.buysellba.com
