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New Buenos Aires Apartments List 30% Above Used Units, Report Shows

Elevated construction costs push up prices for new builds, with abundant used supply keeping that segment comparatively steady.

Overview

  • Zonaprop data shows the new‑versus‑used asking‑price gap at roughly 30%, the widest since December 2015 after widening by eight points in the past year.
  • Average listings place new units at US$2,898 per m² versus US$2,219 for used, with 2025 gains of 5.2% and 3.32% respectively.
  • Off‑plan apartments lead annual increases, up 8.29% to US$3,033 per m², about 4.4% above finished new units.
  • The construction cost index remains historically high—about 94% above October 2023 and nearly triple its October 2020 low—supporting higher new‑unit prices.
  • Market segmentation is reinforced by a large stock of used listings—reported at more than 110,000—and tight mortgage availability, while prices vary sharply by area from Puerto Madero (US$6,701/m²) to Villa Riachuelo (US$1,742/m²).