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The Buenos Aires apartments increased by almost 10% and marked the highest value since 2018 - Infobae
Source:
www.infobae.com
March 28, 2025
A private survey confirmed that prices have left behind the lows of the real estate crisis that lasted until the end of 2023. House prices have risen 5% in recent months. What are the current values and what factors explain the recovery?
By Jose Luis Cieri
Buying and selling prices reversed the trend and remain on the rise (Illustrative Image Infobae)
The Buenos Aires real estate market has once again shown signs of recovery and has cleared the clouds from the worst years of a crisis that lasted from mid-2018 to the end of 2023, with a sustained rise in prices and an upturn in transaction volume.
According to the latest report from Zonaprop, apartment sales increased 8.8% year-over-year, the highest price increase since November 2018.
The average apartment price per square meter is now $2,396, and with this rebound, the sector has left behind the lows reached during the crisis, which lasted until the end of 2023.
The increase is explained by both a revival in demand and a reconfiguration of supply in a context of greater economic stability. In March, prices rose 1.1% monthly, in line with the upward trend observed since the middle of last year.
Regarding price by unit type, a studio apartment averages USD 105,360, a one-bedroom apartment USD 126,988, and a two-bedroom apartment USD 174,473.
In February, as reported by Infobae , the volume of deeds in CABA was 94% higher than that recorded in the same period in 2024, totaling 4,293 deeds.
Source: Zonaprop
Meanwhile, bank-mortgaged transactions will represent 22% of the total in 2025, 6.3 times more than in 2024, the private report reported.
The platform reported that "last November, 5,755 deeds were registered, 41.5% more than a year earlier, in a streak of 32 consecutive months of year-on-year increases."
The push for money laundering, mortgage loans (since November, an average of 1,000 bank-financed transactions have been reached per month in Buenos Aires City), and changing expectations: “Prices have stopped falling and are expected to continue to rise gradually, especially if the exchange rate controls are lifted , a measure the sector is eagerly awaiting,” argued Darío Durand of the developer DDM Construcciones.
At the same time, construction costs also rose again. They increased by 0.2% in March and have accumulated a 108% increase since October 2023. Construction costs today are 3.1 times more expensive than in 2020, according to Zonaprop's historical data.
Source: Zonaprop. Here are the neighborhoods that saw the most growth in prices over the last 12 months and those that saw the least appreciation in Buenos Aires.
The current context combines prices that are still below the historical average with signs of sustained recovery, creating opportunities for both home seekers and investors. Beorlegui added: "The variety of homes available depending on the stage of construction allows each investment to be tailored to the buyer's profile."
This trend impacts expected profitability and the decision to pursue new developments. "Well-planned projects, with strategic design and location, are the ones that guarantee sustained returns," said Federico Larroca Mendizábal of Grupo Desarrollador 1880.
"From the beginning, we have been committed to high-value developments, even in times of great uncertainty," he said.
Germán Lanzilotti , also a partner at Grupo 1880, explained that some of his projects achieved annual profitability exceeding 15%, and in some cases, returns of up to 50% over the course of their development.
The focus, he noted, was on combining efficiency, design, and predictability to capture a demanding audience with a medium-term horizon.
The increase in sales prices reflects a change in the cycle after a prolonged period of contraction. Still favorable entry conditions, rising construction costs, and the gradual return of credit partly explain this improvement.
"The key is to understand the market's momentum and plan with a long-term vision," Beorlegui summarized.
On the other hand, Villa Lugano is the neighborhood with the lowest purchase price, at USD 1,121 per square meter. Nueva Pompeya (USD 1,428) and Parque Avellaneda (USD 1,529/square meter) complete the ranking of the most affordable neighborhoods.
In March, it rose by 0.5% and accumulated a 1.9% increase in the first quarter of 2025. In the last twelve months, it rose by 4.9%, 3.9 percentage points below the increase in the price of apartments (8.8%).
A two-bedroom home has a median price of $291,065, while a three-bedroom home costs $468,204.
Source: Zonaprop
Palermo leads the ranking of most expensive neighborhoods for home purchases, with an average price of USD 3,412 per square meter. Belgrano (USD 2,663) and Recoleta (USD 2,447 per square meter) round out the list.
In contrast, Villa Soldati is the most affordable neighborhood, with a price of USD 640 per square meter. It is followed by Nueva Pompeya (USD 755) and Constitución (USD 865 per square meter).
In the last twelve months, rental prices rose by 43.2%, below inflation (53.6%) and the ICL (124.7%).
According to Durand, prices took a slight dip in March because several owners adjusted prices when renewing contracts in an effort to avoid losing out on inflation. "Although the inflation rate has moderated, it still persists with some drag points that impact the updated prices," he explained.
This movement was compounded by the seasonal surge in demand, especially from students looking to settle near major university centers .
Durand added, "March typically brings additional pressure on available supply, leading to specific increases in specific areas."
A studio apartment rents for an average of $509,943 per month, a one-bedroom apartment for $604,905, and a two-bedroom apartment for $813,274 per month.
Puerto Madero leads the way with $1,065,853 per month, followed by Núñez ($677,233) and Palermo ($671,412 per month). Among the most affordable are Villa Lugano ($435,661), Mataderos ($515,064), and Constitución ($519,816 per month).
www.buysellba.com
Source:
Los departamentos porteños aumentaron casi 10% y marcaron el valor más alto desde 2018
Así lo confirmó un relevamiento privado, las cotizaciones dejaron atrás los mínimos de la crisis inmobiliaria que se extendió hasta fines de 2023. Las casas subieron 5% en los últimos meses. Cuáles son los valores actuales y qué factores explican la recuperación
www.infobae.com
March 28, 2025
A private survey confirmed that prices have left behind the lows of the real estate crisis that lasted until the end of 2023. House prices have risen 5% in recent months. What are the current values and what factors explain the recovery?
By Jose Luis Cieri
Buying and selling prices reversed the trend and remain on the rise (Illustrative Image Infobae)
The Buenos Aires real estate market has once again shown signs of recovery and has cleared the clouds from the worst years of a crisis that lasted from mid-2018 to the end of 2023, with a sustained rise in prices and an upturn in transaction volume.
According to the latest report from Zonaprop, apartment sales increased 8.8% year-over-year, the highest price increase since November 2018.
The average apartment price per square meter is now $2,396, and with this rebound, the sector has left behind the lows reached during the crisis, which lasted until the end of 2023.
The increase is explained by both a revival in demand and a reconfiguration of supply in a context of greater economic stability. In March, prices rose 1.1% monthly, in line with the upward trend observed since the middle of last year.
Regarding price by unit type, a studio apartment averages USD 105,360, a one-bedroom apartment USD 126,988, and a two-bedroom apartment USD 174,473.
In February, as reported by Infobae , the volume of deeds in CABA was 94% higher than that recorded in the same period in 2024, totaling 4,293 deeds.
Source: Zonaprop
Meanwhile, bank-mortgaged transactions will represent 22% of the total in 2025, 6.3 times more than in 2024, the private report reported.
The platform reported that "last November, 5,755 deeds were registered, 41.5% more than a year earlier, in a streak of 32 consecutive months of year-on-year increases."
Boom
“Bricks and mortar are once again positioning themselves as a safe haven and a strategic asset with growth potential,” said Martín Beorlegui , director of ventures at Baigun Realty.The push for money laundering, mortgage loans (since November, an average of 1,000 bank-financed transactions have been reached per month in Buenos Aires City), and changing expectations: “Prices have stopped falling and are expected to continue to rise gradually, especially if the exchange rate controls are lifted , a measure the sector is eagerly awaiting,” argued Darío Durand of the developer DDM Construcciones.
At the same time, construction costs also rose again. They increased by 0.2% in March and have accumulated a 108% increase since October 2023. Construction costs today are 3.1 times more expensive than in 2020, according to Zonaprop's historical data.
Source: Zonaprop. Here are the neighborhoods that saw the most growth in prices over the last 12 months and those that saw the least appreciation in Buenos Aires.
The current context combines prices that are still below the historical average with signs of sustained recovery, creating opportunities for both home seekers and investors. Beorlegui added: "The variety of homes available depending on the stage of construction allows each investment to be tailored to the buyer's profile."
This trend impacts expected profitability and the decision to pursue new developments. "Well-planned projects, with strategic design and location, are the ones that guarantee sustained returns," said Federico Larroca Mendizábal of Grupo Desarrollador 1880.
"From the beginning, we have been committed to high-value developments, even in times of great uncertainty," he said.
Germán Lanzilotti , also a partner at Grupo 1880, explained that some of his projects achieved annual profitability exceeding 15%, and in some cases, returns of up to 50% over the course of their development.
The focus, he noted, was on combining efficiency, design, and predictability to capture a demanding audience with a medium-term horizon.
The increase in sales prices reflects a change in the cycle after a prolonged period of contraction. Still favorable entry conditions, rising construction costs, and the gradual return of credit partly explain this improvement.
"The key is to understand the market's momentum and plan with a long-term vision," Beorlegui summarized.
Expensive and cheap
Puerto Madero is the Buenos Aires neighborhood with the most expensive apartments for sale, with a price of USD 6,095 per square meter. It is followed by Palermo (USD 3,341) and Núñez (USD 3,143 per square meter).On the other hand, Villa Lugano is the neighborhood with the lowest purchase price, at USD 1,121 per square meter. Nueva Pompeya (USD 1,428) and Parque Avellaneda (USD 1,529/square meter) complete the ranking of the most affordable neighborhoods.
Houses
Housing, for its part, also showed an improvement, with a 4.9% year-over-year increase and an average value of USD 1,756 per square meter.In March, it rose by 0.5% and accumulated a 1.9% increase in the first quarter of 2025. In the last twelve months, it rose by 4.9%, 3.9 percentage points below the increase in the price of apartments (8.8%).
A two-bedroom home has a median price of $291,065, while a three-bedroom home costs $468,204.
Source: Zonaprop
Palermo leads the ranking of most expensive neighborhoods for home purchases, with an average price of USD 3,412 per square meter. Belgrano (USD 2,663) and Recoleta (USD 2,447 per square meter) round out the list.
In contrast, Villa Soldati is the most affordable neighborhood, with a price of USD 640 per square meter. It is followed by Nueva Pompeya (USD 755) and Constitución (USD 865 per square meter).
Rents slightly exceed inflation
In the rental segment, prices rose above inflation in the first quarter of the year. According to Zonaprop, the average price rose 3.1% in March and has accumulated a 9.9% increase in the first quarter of 2025, 2.9 percentage points above inflation (7%).In the last twelve months, rental prices rose by 43.2%, below inflation (53.6%) and the ICL (124.7%).
According to Durand, prices took a slight dip in March because several owners adjusted prices when renewing contracts in an effort to avoid losing out on inflation. "Although the inflation rate has moderated, it still persists with some drag points that impact the updated prices," he explained.
This movement was compounded by the seasonal surge in demand, especially from students looking to settle near major university centers .
Durand added, "March typically brings additional pressure on available supply, leading to specific increases in specific areas."
A studio apartment rents for an average of $509,943 per month, a one-bedroom apartment for $604,905, and a two-bedroom apartment for $813,274 per month.
Puerto Madero leads the way with $1,065,853 per month, followed by Núñez ($677,233) and Palermo ($671,412 per month). Among the most affordable are Villa Lugano ($435,661), Mataderos ($515,064), and Constitución ($519,816 per month).
www.buysellba.com
