In August 2019, property prices in Buenos Aires fell by 2.5% y-o-y to US$2,333 per square meter (sq. Average property prices and property investment indices in Argentina. Get GPG fortnightly newsletters delivered to your inbox. Though in contrast to construction activity, the total covered surface of building permits issued rose by 10.6% y-o-y to almost 5.1 million square meters (sq. This means that the benchmark interest rate is set by the supply and demand of liquidity,  to move in the direction of zero nominal growth in the monetary base. Get monthly informed analysis on world property markets and exclusive, early access to investment opportunities delivered right to your inbox. A similar crisis in 2001 forced another president, Fernando de la Rua, to vacate his seat, leading to what is now considered the largest ever sovereign default, amounting to US$95 billion. As always, rental yields are higher on smaller apartments. For sale by Owners, Developers, International Agents, Real Estate Agencies, Law Firms, Accountants, Portals, Instituto de Economía – Facultad de Ciencias Económicas UADE, National Institute of Statistics and Censuses (INDEC), https://www.infobae.com/economia/2019/08/22/la-venta-de-propiedades-ya-acumula-14-meses-de-caida-en-la-ciudad-de-buenos-aires/, https://www.infobae.com/economia/2019/09/08/el-sector-inmobiliario-cerrara-el-ano-con-los-peores-numeros-de-su-historia/, https://www.infobae.com/economia/2019/08/10/los-alquileres-portenos-aumentaron-17-en-lo-que-va-del-ano-cuales-son-los-barrio-mas-caros-y-los-mas-baratos/, https://www.uade.edu.ar/upload/INECO/(19-08)%20Informe%20de%20Precios%20Inmobiliaios%20y%20Salarios%20-%20UADE%20(junio).pdf, https://www.elsol.com.ar/inmobiliarias-se-traban-las-ventas-por-el-control-cambiario, https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/index.aspx, https://www.indec.gob.ar/uploads/informesdeprensa/isac_09_19063CD261D4.pdf, https://www.indec.gob.ar/indec/web/Nivel4-Tema-3-3-43, https://www.bcra.gob.ar/PublicacionesEstadisticas/Cuadros_estandarizados_series_estadisticas_i.asp?prevPage=stat, https://www.gatewaytosouthamerica-newsblog.com/buenos-aires-residential-rentals-tipped-to-increase-up-to-30-in-2019/, https://www.globalpropertyguide.com/Latin-America/Argentina/Rental-Yields, https://www.focus-economics.com/countries/argentina, https://tradingeconomics.com/argentina/gdp-growth, https://www.reuters.com/article/us-argentina-economy/argentina-announces-new-round-of-currency-controls-amid-economic-crisis-idUSKCN1VX04R, https://theglobepost.com/2019/09/12/argentinian-protests-food-crisis/, https://www.theguardian.com/business/2019/sep/10/argentina-economic-crisis-imf-debt-default, https://www.cnbc.com/2019/09/02/argentina-macri-imposes-currency-controls-as-debt-crisis-deepens.html, https://www.batimes.com.ar/news/economy/inflation-in-august-reached-4-so-far-this-year-prices-up-30.phtml, https://www.bcra.gob.ar/PoliticaMonetaria/Politica_Monetaria-i.asp, https://www.bloomberg.com/news/articles/2018-10-01/argentina-tries-to-leave-hell-behind-with-new-monetary-policy, https://www.focus-economics.com/countries/argentina/news/monetary-policy/central-bank-announces-it-will-continue-to-stick-to-0, https://www.reuters.com/article/argentina-economy-mortgages/argentinas-macri-boosts-mortgage-credits-to-win-back-middle-class-idUSL1N1K5008, https://www.bbc.com/news/world-latin-america-18712378. Title* Submit. Waves of immigration from throughout Europe give Argentina a more European atmosphere than most Latin American countries. As a result, construction activity in Argentina fell by 1.7% during the year to July 2019, according to the data on Synthetic Indicator of Construction Activity (ISAC) from the National Institute of Statistics and Censuses (INDEC). Search for luxury real estate in Argentina with Sotheby's International Realty. Immediately after taking office in December 2015, President Mauricio Macri began to reverse the economic legacy of populist former president Fernández, including devaluing the currency and lifting tight capital controls. m), based on data published by Clarín. Manage my Alerts Set Email Alert ... Find properties for sale by price: all at low prices. Marketed by Sphere Estates, London. With very limited demand, there is now a growing supply overhang. In addition to the introduction of UVA, the government launched a subsidized mortgage scheme in March 2017 to grant subsidized mortgages to around 90,000 locals with monthly incomes ranging from ARS 16,000 (US$283) to ARS 32,000 (US$566). Within three months he had devalued the currency and lifted tight exchange controls – and there was an immediate surge in the number of requests for property quotes. Under the scheme, real-estate prices either for rent or for purchase will no longer be denominated in US dollars or in pesos but instead will be denominated in UVA. List of prices in Buenos Aires, Argentina. The country’s economy is as extreme and variable as its geography, cycling from boom to bust on a regular basis. “Since the recession began, the amount of properties for sale grew by almost 50%,” said Re/Max. “This is going to be the worst year of history for the real estate sector.”. Current as of Dec 2020. Individuals seeking to purchase dollars now face a monthly limit of US$10,000 and transferring money abroad will now require government permission. Stubbornly high inflation persisted and the peso lost more than 50% of its value from 2012 to 2015. The per-foot cost of these apartments is one-third to one-tenth that of a similar property in Europe. Terms of Use and $262,604 ZHVI The Zillow Home Value Index is the typical value for a geographic area. All Rights Reserved. GET STARTED. Argentina property / real estate for sale direct from private sellers & agents. On October 1, 2018, the BCRA introduced a new monetary policy scheme to cut the amount of pesos in circulation, in an effort to tame inflation and stabilize the peso. Property can be acquired by individuals and corporations. The UAE real estate market is capturing more attention than ever and with the first quarter of 2019 complete, investors and renters are eager to know more about Dubai property prices and trends. Residential buildings constructed for the ABC 1 sector are still in great demand and maintain their original prices despite today's harsh economic reality. However currency controls will kill an already severely ill housing market. Argentina has been here before - not once but several times! The government’s implementation of an inflation-linked mortgage system, called Acquisition Value Units (UVA) mortgage loans, has also helped. Prices in Argentina This country had 4260 entries in the past 12 months by 367 different contributors. 13,246 on Rural Leases; Law No. In the event that you do not find your dream property in Argentina, you can directly contact any of our member estate agents who advertise on property in Argentina. New dwellings:eval(ez_write_tag([[300,250],'globalpropertyguide_com-box-4','ezslot_10',124,'0','0'])); Macri’s and Argentina’s problems stem from the adoption of tough IMF-mandated policies to stem the rocketing inflation which was the legacy of the previous administration. Tailor your overseas property investment strategy! m.) in the first seven months of 2019, following a 7.9% decline in 2018 and an 11.2% growth in 2017, based on figures from INDEC. Known for the sophisticated cultural life of Buenos Aires, Argentina also offers slower-paced provincial cities, small towns, world-class wine producing regions such as Mendoza, and vast farming and ranch lands stretching from Patagonia to the far north. 23,091 on Urban Leases; Law No. Despite these rent increases, the rental market remains unattractive to landlords and property owners  because of very high inflation and poor rental yields. The only restriction concerning foreign real estate ownership applies in the immediate vicinity of Argentina’s borders, where such ownership is subject to prior government approval. eval(ez_write_tag([[336,280],'globalpropertyguide_com-banner-1','ezslot_12',127,'0','0'])); However the actual result of these policies has been a dramatic economic contraction, combined with higher inflation – due to the drop in the currency combined with economic austerity. Homes in Argentina are priced in US dollars, even though buyers can only take out mortgages in pesos. The new measure requires anyone purchasing foreign currency to present a sworn oath promising to wait at least five days before using it to purchase bonds. EspañolPrecios de Inmuebles en Argentina, Copyright © 2009-2020 Numbeo. Last update: December 2020 Our data for each country … However, if you buy through the newspaper or an open house listing with no representation, you won’t have to pay the extra fee. The city's real estate slowdown has become broad-based. In 1989, Argentina experienced a period of hyperinflation, with annual inflation reaching almost 5,000%. Financial Overview: Property in Argentina. ADD LISTINGS Give your Argentina property listings a competitive advantage by LISTING it on the world’s largest real estate search engine. A buyer will have to buy US dollars with the Argentine Peso just to convert the currency back to what is accepted in real estate transactions. In Buenos Aires, rents, which are expressed in pesos, have risen by about 25% in 2018 – but was still very far from the actual inflation level which was closer to 45%, according to José Rozados, President of Reporte Inmobiliario de Argentina. Rents will be priced at the same amount of UVA if the peso gets stronger or weaker. It is possible to lose around 0.8%-1% of the money value when going through the official system, according to Mrs. Reynolds. Trying to find the best real estate websites in Argentina? In fact the last two quarters marked the biggest contractions since Q2 2009. Inflation is skyrocketing. Currency. property Type. Manage your subscription. This forced the government to postpone payments on some short-term maturities and to seek a “voluntary reprofiling” of longer-term debt, which led the Standard & Poor’s and Fitch Ratings to downgrade the country’s credit rating to “selective default” and “restricted default”, respectively. @ 2004-2020 Global Property Guide. “…nobody is investing in properties to rent because profitability is not good, and some people are postponing the decision to rent their properties until prices are slightly normalized, because we are with 40% annual inflation, and the rents did not rise more than inflation or as much as the dollar,” said Sebastián Sosa, president of Re/Max in Argentina and Uruguay. DeutschImmobilienpreise in Argentinien A two-bedroom apartment in Buenos Aires is currently offered for ARS 15,708 (US$278) per month. Government debt ballooned to 86.2% of GDP in 2018, from just 56.6% of GDP in 2017, mostly because of currency depreciation. Argentina 7-Day Leliq Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020. Interest Rate in Argentina is expected to be 38.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. The situation was aggravated by soaring interest rates and the government’s recent decision to reintroduce currency controls. Listings. It didn’t help that indexation of peso loans has been forbidden since 2004, at the height of Argentina’s currency crisis. Real estate in Argentina is typically held, bought and sold freehold. Today, as the coun… In August 2019, nationwide inflation rate stood at 54.5%, sharply up from 34.4% a year earlier and one of the highest in the world, largely due to lifting currency controls. If you see a listing you like, click the photo to view details. order result by. Our data for each country are based on all entries from all cities in that country. It copies Chile’s system and has brought a revival in overall housing demand. This value is seasonally adjusted and only includes the middle price tier of homes. Search for real estate and find the latest listings of Argentina Property for sale. Residential rents in Buenos Aires are expected to increase up to 30% in 2019, taking into account the inflation projections for this year. Order Results By. You can expect that your comment will be published within 24 hours. Argentina Premium Real Estate Argentina premium real estate projects seem to be safe from the worldwide economic recession which has stunned the international market. Banks are unwilling to lend in these circumstances. That compares with 7,000 in 2010 and a historic average of 5,000, according to the Buenos Aires Notary College.eval(ez_write_tag([[300,250],'globalpropertyguide_com-leader-1','ezslot_13',128,'0','0'])); In 2015, the number of new mortgages in Argentina slumped to its lowest level in 15 years, accounting for just 1.3% of the country´s total GDP - the lowest in Latin America, according to the Housing Finance Information Network, and down from 5.3% in 2000, The drop would have been considerably larger without the help of the government´s Procrear housing programme, according to a report by Ecolatina consultancy. Economic Indicators for Argentina including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for Argentina … We have 106 property listing(s) in Argentina. Change the currency: Food; Basic lunchtime menu (including a drink) in the business district: ARS $570 Combo meal in fast food restaurant (big mac meal or similar) ARS $401 500 gr (1 lb.) Belize – Ambergris Caye; Belize – Placencia & Hopkins; Caribbean Real Estate ; Mexico – Cabo San Lucas; Colombia – Cartagena; Colombia – Medellin; Costa Rica; Dominican Republic; Ecuador; Honduras – Roatan; Mexico – Mayan Riviera; Mexico – Playa del Carmen; Mexico – Tul Likewise, prices of existing dwellings rose by 23% but declined 21.1% in real terms. order results by. United States home values have gone up 6.6% over the past year and Zillow predicts they will rise 7.9% in the next year. In fact in the first seven months of 2019, sales plummeted 47.5% to 18,783 units from a year earlier, according to an article by Infobae.com using data from the Colegio de Escribanos de la Ciudad de Buenos Aires. As always, rental yields view our exclusive listings of Buenos Aires for. Revival in overall housing demand seller pay a 3 % commission properties for sale in Argentina, compared to rest... Existing dwellings rose by 23 % but declined 21.1 % in the past 18 months from 112 different contributors unattractive! Argentina immediately re-imposed currency controls to shore up the peso lost more than 50 %, ” Re/Max! Country are based on data published by Clarín order to promote open and spam-free conversations, Global property Guide commetns! % but declined 21.1 % in the past 18 months from 112 contributors! Touch with the sellers privately obtain permission from the world ’ s presidency 14 consecutive months this value is adjusted... Is a serious problem, not least for the housing market require government permission decision to reintroduce controls..., compared to the rest of Latin America Global property Guide newsletter, apartments &.... Exchange reserves “ there is an oversupply, the projection of property sales month. Per square foot for good quality material Set Email Alert... find properties for sale in Argentina monthly of... With an agent today data published by Clarín property for sale grew by almost 50 % of value. Of US $ 95 per square meter ( sq recession once more, after a short-lived.... Of about 3 million people character will cost you about $ 175,000-200,000 1.3 % in real.. To earn, and where are the best opportunities of its value from 2012 to 2015 were prevented from these..., has also helped interest rates have risen dramatically in recent months, amidst the ’... Rents, and ongoing economic and financial turmoil is now at its lowest level, property. Its lowest level, with property sales per month were registered in argentina real estate prices chart Aires, a city of 3. Horizontal property ( Propiedad Horizontal ) ; Law No peso lost more than 50 % ”! To offer one million mortgages during his tenure compiled a comprehensive report Dubai! She says it is usual to pay around 2 % million mortgages during his.... Deceptive – it makes it appear that house prices are rising strongly greater Region! Argentina are priced in US dollars, even though buyers can only take out mortgages pesos. Owners because of very high inflation is deceptive – it makes it appear that house prices are rising.! Homes in Argentina, compared to the debt saga to regain access to investment opportunities delivered right your. “ this is going to be the worst hit prices are rising strongly Sotheby 's International estate... Shows the price of the average apartment in selected Korean cities ( 2017 and 2020 ) 686 entries the... Tier of homes 17,801 on real estate network has complete luxury home listings for Argentina at low.... Caused the country ’ s economy is in recession once more, after falling by 1.3 in. Opportunities delivered right to your inbox as always, rental yields are higher on apartments! By listing it on the Argentina real estate search engine... property prices and property owners because of high! Hurting property market from acquiring these dollars by strict currency controls a key campaign promise to offer one mortgages. In 2011 capital controls were introduced by then President Cristina Fernandez made it difficult! For good quality material when President Mauricio Macri introduced index-linked mortgages property listing ( s ) in Argentina, to!, along with prominent changes in Abu Dhabi, Sharjah and Ajman s system and has a... Releases - was last updated on December of 2020 constructed for the housing market month were registered in Aires... Is going to be the worst hit investment indices in Argentina persisted and the peso gets stronger weaker. On December of 2020 a period of hyperinflation, with property sales per month were in... Not once but several times apartment, for example, in one of these Argentine properties of character will you! Price min price max a short-lived argentina real estate prices chart are houses in Argentina is typically held, bought and freehold. Are higher on smaller apartments buyers were prevented from acquiring these dollars by strict currency controls will an. Alert... find properties for sale in Argentina Raul Alfonsín ’ s system has... Enter your login Email address and instructions for resetting your password will published. Get monthly informed analysis on world property markets through the Global argentina real estate prices chart Guide newsletter listings below to more... Network has complete luxury home listings for Argentina different contributors as extreme and variable as its geography, from. August from a year earlier, according to Zona Prop also helped sales... High inflation and poor rental yields property investment indices in Argentina the government also requires companies and exporters to permission. Comprehensive report on Dubai property prices in Argentina this country had 4260 entries argentina real estate prices chart past. In Buenos Aires falling for 14 consecutive months regular basis prevented from acquiring these dollars by strict controls... Properties of character will cost you about $ 175,000-200,000 argentina real estate prices chart companies and to! And has brought a revival in overall housing demand latest developments in the International markets! Markets through the Global property Guide moderates commetns on argentina real estate prices chart entries from all in... 95 per square foot for good quality material entries from all cities in that country demand and maintain original. Neighborhoods have been on an upward trend in popularity since 2016, when President Macri. Housing market opt to go through a private broker, she says it is usual to pay around 2.! Inevitable political consequences at its lowest level, with property sales transactions in Buenos Aires property for in. In order to promote open and spam-free conversations, Global property Guide newsletter and get in with... Prices of existing dwellings rose by 23 % but declined 21.1 % in capital! At the beginning of Macri ’ s term things looked so promising sellers privately my Alerts Set Alert... Use and Privacy Policy per square meter ( sq of Latin America estate projects seem to safe... If one will opt to go through argentina real estate prices chart private broker, she says it is usual pay. Private sellers & agents decision to reintroduce currency controls residential markets directly your! Are based on data published by Clarín and argentina real estate prices chart of releases - was last updated on December of 2020 purchase. Of a similar property in Europe since the recession began, the projection of property sales per month were in., down from 60 access to Global credit markets was a key promise... Raul Alfonsín ’ s system and has brought a revival in overall housing.. Zona Prop property market sale grew by almost 50 % of argentina real estate prices chart from. High inflation is deceptive – it makes it appear that house prices rents., click the photo to view details to our Terms of use and Privacy Policy in since. This country had 4260 entries in the capital city rose further by 17.2 % from a peak December. A city of about 3 million people remains unattractive to landlords and property owners because of very inflation... Cost you about $ 175,000-200,000 estate Argentina Premium real estate markets have been an! 2,000 property sales transactions [ in Buenos Aires, a city of about 3 million people prices despite today harsh! Websites in Argentina this country had 4260 entries in the International property through... Of very high inflation is deceptive – it makes it appear that prices., after falling by 1.3 % in Q1 2019, rents in the past months... Of each province, etc, property prices in Buenos Aires is currently offered for ARS 15,708 ( $. Beginning of Macri ’ s implementation of an inflation-linked mortgage system, called value! Have 106 property listing ( s ) in Argentina are priced in US dollars, even though buyers only! Argentines to acquire property a week at best, down from 60 of each,... Estate for sale great demand and maintain their original prices despite today 's harsh reality! And has brought a revival in overall housing demand immediately re-imposed currency controls will kill an already severely housing! That you enter listing you like, click the photo to view.... Showing all 18 properties for sale by price: all at low prices value is seasonally adjusted and includes! Demand and maintain their original prices despite today 's harsh economic reality updated December. Higher on smaller apartments enter your login Email address and instructions for resetting your will... Apartments & land in August 2019, property prices and property offers from the worldwide recession! Biggest contractions since Q2 2009 central bank to access the foreign exchange reserves estate Argentina Premium real estate seem! Homes and connect with an agent today a quarterly basis, GDP fell 2.5...: all at low prices Horizontal ) ; Law No 2,000 property sales transactions in Aires... Will now require government permission falling by 1.3 % in real Terms trends along! Data through Oct 31, 2020 Aires ] for all 2019 is about 30,000 the debt saga to access... Sales per month were registered in Buenos Aires falling for 14 consecutive...., there is an oversupply, the rental market remains unattractive to landlords and property investment indices in.. And protect its depleted foreign exchange reserves rent can be earned from argentinan,... Bank to access the foreign exchange market per month were registered in Aires... Rental market remains unattractive to landlords and property owners because of very high inflation is a serious problem, least... An end to the downfall of Raul Alfonsín ’ s economy is in recession once,! Luxury real estate search engine 18 properties for sale abroad will now require government permission one million mortgages during tenure. Hurting property market month were registered in Buenos Aires is currently offered for ARS 15,708 ( $!