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Buenos Aires Housing Diverges: Apartment Sale Prices Rise as Rents Stabilize

Mortgage reactivation is powering a market rebound that separates sales momentum from a cooling rental cycle.

Overview

  • Apartment prices in CABA climbed in October, with the price per square meter up 6.3% year over year in dollars, according to Mercado Libre Inmuebles and Universidad de San Andrés.
  • Mortgage activity surged, with 1,486 bank‑financed purchases in September (+110.8% y/y) and 10,827 credits in January–September (+449.5% y/y), per the Colegio de Escribanos porteño.
  • Private data show October rental values holding steady and more than 15,000 active listings, the highest since 2020, though some sector sources contend supply remains below pre‑Ley levels.
  • Median asking rents stand at about $500,000 for studios, $600,000 for two rooms and $800,000 for three rooms, and a typical studio already exceeds the minimum wage before fees.
  • Roughly 27% of rental listings are posted in dollars, contracts signed under DNU 70/2023 show greater flexibility, and November’s ICL update of 42.33% marks the lowest since 2021.