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Why there will be no more apartments in Buenos Aires for less than $60,000 by the end of the year - Infobae
Source:
www.infobae.com
April 05, 2025
In several areas of Buenos Aires, the number of available units in the lower price range has fallen sharply. The real estate dynamics and the possible outlook, according to industry experts
A couple looks at a home. The combination of mortgage loans, a stable dollar, and money laundering is beginning to absorb the most affordable supply (Illustrative Image: Infobae)
The Buenos Aires real estate market is undergoing rapid change at its lower end. As demand for smaller units picks up, properties up to USD 60,000—historically considered the entry point for real estate—are becoming scarce in many neighborhoods.
The trend is already visible on listing platforms, where available listings in that price range are reduced each week, and it is estimated that they could be sold out before the end of 2025.
Currently, it is estimated that fewer than 4,000 apartments remain for less than USD 60,000 on various specialized platforms. Infobae identified the neighborhoods where the most affordable properties are currently concentrated .
The upswing in deeds (between January 2024 and February 2025, more than 63,000 purchase and sale transactions were carried out, according to the Association of Notaries of Buenos Aires), the money laundering that allowed funds to be made transparent and allocated to real estate, and the return of mortgage loans all contributed to this phenomenon.
Alejandro Moretti , a member of the board of directors of the Buenos Aires Real Estate Association, attributes this inventory reduction to two main drivers. "The explanation is mortgage lending and property laundering. Both tools allow us to expand the buyer base and accelerate the absorption of small units," he noted.
Compared to a year ago, the proportion of transactions with financing grew significantly. "Two out of every 10 sales are now completed through credit, whereas 12 months ago they were practically nonexistent," Moretti noted.
According to Moretti, some areas that in 2024 offered more than 100 properties below that price now offer fewer than ten. In certain neighborhoods, supply has been reduced so drastically that this range has disappeared entirely. "For one- and two-bedroom units, we're already seeing price increases of between 5% and 10%, while larger properties remain stable due to lower demand," he added.
The phenomenon isn't just a response to technical factors. There's also a shift in the perception of value.
Daniel Zampone , vice president of the Argentine Real Estate Chamber (CIA), said that lower-value properties "have become a refuge for those who want to save capital and earn future income from renting."
The depletion of affordable real estate stock influences profitability calculations, the entry level for new buyers, and the strategies of developers betting on low-ticket projects (Illustrative Image: Infobae)
The upturn in activity began to be felt in the second half of 2024, and at the start of 2025, a jump in closed credit transactions was observed. "We went from 10% in 2024 to 25% in January of this year. And we expect that number to continue to rise toward midyear," Zampone said.
These units offer clear advantages: they are easy to rent, require less maintenance, and are priced below replacement cost, even with the recent rise in construction costs .
In some neighborhoods in southern Buenos Aires, it is still possible to find apartments within that budget.
Villa Lugano, for example, has average prices per square meter of around USD 1,100. But the shortage is beginning to be felt even in these areas. Demand is intensifying, both due to the credit boom and the money laundering program, which allows certain buyers to legally channel funds into the real estate sector.
A building under construction overlooking Parque Patricios, in this neighborhood apartment values also appreciated in 14 months, both used and under construction.
The absorption of the most affordable units has direct consequences for the market. As apartments priced under USD 60,000 disappear, the floor price is reconfigured.
The sector agrees that the macroeconomic context—which, until a few weeks ago, featured a stable dollar, slowing inflation, and negative real rates—is favorable to bricks and mortar. That equation, of course, is currently under review: the rise of the blue dollar has raised a red flag about what could come.
Unlike other times, the current recovery is not explained by external shocks, but by a gradual normalization of the sector's operations. "Credit, improved wages in some sectors, and the expectation of price increases are driving purchasing decisions. The margin for accessing affordable properties is narrowing," Zampone noted.
If this trend continues, analysts anticipate that, by the end of the year, apartments under USD 60,000 could become a rarity in Buenos Aires.
Areas that still have these options could see an additional increase if demand persists. Moretti concluded: "It's advisable to quickly evaluate opportunities before the market definitively adjusts that segment of the supply."
www.buysellba.com
Source:
Por qué a fin de año ya no habrá en CABA departamentos por menos de 60.000 dólares
En varias zonas porteñas cayó fuertemente el número de unidades disponibles en el rango más bajo de precios. La dinámica inmobiliaria y el posible horizonte, según referentes del sector
www.infobae.com
April 05, 2025
In several areas of Buenos Aires, the number of available units in the lower price range has fallen sharply. The real estate dynamics and the possible outlook, according to industry experts
A couple looks at a home. The combination of mortgage loans, a stable dollar, and money laundering is beginning to absorb the most affordable supply (Illustrative Image: Infobae)
The Buenos Aires real estate market is undergoing rapid change at its lower end. As demand for smaller units picks up, properties up to USD 60,000—historically considered the entry point for real estate—are becoming scarce in many neighborhoods.
The trend is already visible on listing platforms, where available listings in that price range are reduced each week, and it is estimated that they could be sold out before the end of 2025.
Currently, it is estimated that fewer than 4,000 apartments remain for less than USD 60,000 on various specialized platforms. Infobae identified the neighborhoods where the most affordable properties are currently concentrated .
The upswing in deeds (between January 2024 and February 2025, more than 63,000 purchase and sale transactions were carried out, according to the Association of Notaries of Buenos Aires), the money laundering that allowed funds to be made transparent and allocated to real estate, and the return of mortgage loans all contributed to this phenomenon.
Alejandro Moretti , a member of the board of directors of the Buenos Aires Real Estate Association, attributes this inventory reduction to two main drivers. "The explanation is mortgage lending and property laundering. Both tools allow us to expand the buyer base and accelerate the absorption of small units," he noted.
Compared to a year ago, the proportion of transactions with financing grew significantly. "Two out of every 10 sales are now completed through credit, whereas 12 months ago they were practically nonexistent," Moretti noted.
Different from the past
The first quarter of 2025 showed a different dynamic than in recent years: increased transaction rates, prices leaving behind post-pandemic lows, and signs of uptake in the most affordable segments of the market. Opportunities remain in parts of Villa Lugano, Nueva Pompeya, Villa Riachuelo, and Parque Avellaneda, although in established areas such as Recoleta, Palermo, and Belgrano, it is now very difficult to find properties below $60,000.According to Moretti, some areas that in 2024 offered more than 100 properties below that price now offer fewer than ten. In certain neighborhoods, supply has been reduced so drastically that this range has disappeared entirely. "For one- and two-bedroom units, we're already seeing price increases of between 5% and 10%, while larger properties remain stable due to lower demand," he added.
The phenomenon isn't just a response to technical factors. There's also a shift in the perception of value.
Daniel Zampone , vice president of the Argentine Real Estate Chamber (CIA), said that lower-value properties "have become a refuge for those who want to save capital and earn future income from renting."
The depletion of affordable real estate stock influences profitability calculations, the entry level for new buyers, and the strategies of developers betting on low-ticket projects (Illustrative Image: Infobae)
The upturn in activity began to be felt in the second half of 2024, and at the start of 2025, a jump in closed credit transactions was observed. "We went from 10% in 2024 to 25% in January of this year. And we expect that number to continue to rise toward midyear," Zampone said.
Whoever buys today, wins
Zampone also emphasized that, given the expectation of rising prices, many buyers are looking to get ahead of the curve. "If someone has the opportunity to access a property in that range today, they should make the purchase. Values will continue to rise, and in this context, it's a good investment opportunity," he explained.These units offer clear advantages: they are easy to rent, require less maintenance, and are priced below replacement cost, even with the recent rise in construction costs .
In some neighborhoods in southern Buenos Aires, it is still possible to find apartments within that budget.
Villa Lugano, for example, has average prices per square meter of around USD 1,100. But the shortage is beginning to be felt even in these areas. Demand is intensifying, both due to the credit boom and the money laundering program, which allows certain buyers to legally channel funds into the real estate sector.
A building under construction overlooking Parque Patricios, in this neighborhood apartment values also appreciated in 14 months, both used and under construction.
The absorption of the most affordable units has direct consequences for the market. As apartments priced under USD 60,000 disappear, the floor price is reconfigured.
The sector agrees that the macroeconomic context—which, until a few weeks ago, featured a stable dollar, slowing inflation, and negative real rates—is favorable to bricks and mortar. That equation, of course, is currently under review: the rise of the blue dollar has raised a red flag about what could come.
Unlike other times, the current recovery is not explained by external shocks, but by a gradual normalization of the sector's operations. "Credit, improved wages in some sectors, and the expectation of price increases are driving purchasing decisions. The margin for accessing affordable properties is narrowing," Zampone noted.
If this trend continues, analysts anticipate that, by the end of the year, apartments under USD 60,000 could become a rarity in Buenos Aires.
Areas that still have these options could see an additional increase if demand persists. Moretti concluded: "It's advisable to quickly evaluate opportunities before the market definitively adjusts that segment of the supply."
www.buysellba.com
