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Used housing remains strong: the most sold type of home on the real estate market - Ambito Financiero
Source:
www.ambito.com
August 12, 2025
By Jose Luis Cieri
Confidence in real estate has recovered, with more than 30,000 transactions already completed in Buenos Aires. Mortgage lending and the return of investors are driving the improvement.
A used apartment in Villa Ortúzar, one of the neighborhoods that has most increased its value in the last 12 months.
The Argentine real estate market is experiencing a favorable turnaround, moving away from the stagnation of previous years. In the City of Buenos Aires, nearly 30,000 transactions have already been completed by June (through deeds processed by the Buenos Aires Notary Association), the best start to the season in seven years . Experts are calling this "renaissance" of the sector, not due to a single factor, but rather to the combination of macroeconomic policies, a context of greater stability, and the recovery of investor and buyer confidence.
This new scenario puts the spotlight on the used property segment , which is now positioned as the main driver of the recovery. It offers a favorable outlook, with prices that, while up as much as 12% year-over-year in some neighborhoods like Núñez and Villa Ortúzar , remain in the opportunity zone.
Although property values have been recovering for at least a year, "there are still many opportunities to invest, both in cash and with a mortgage." In this sense, money laundering and mortgage loans are tools that "inject money into the market," which "brings in new buyers and increases the momentum every month," Migliorisi noted.
Mortgage credit is becoming established as the bridge between the desire for a property and access to financing, a key agreement for the buyer and the market.
The combination of this growing demand with the reduction in the stock of properties for sale, which according to Migliorisi was largely due to the repeal of rental regulations, created a "more equitable market." The property stock in Buenos Aires City will decrease by 25% starting in 2024, and the return of confidence in investing landlords "brought back properties that had been removed from the rental stock and reduced the excess stock, generally of studio- and one-bedroom units."
The sustainability of long-term credit depends on trust. "That's why the stability of the dollar and beating inflation are key reasons why more and more buyers are choosing to purchase a home with a mortgage," he added.
The main buyers today are "families or individuals seeking permanent housing," reflecting the boom in the used market. Within this segment, Migliorisi highlighted a particular phenomenon: "The rise of townhouses with patios, terraces, and gardens are the most sought-after and those that lost the least value during the crisis that erupted between 2020 and 2023."
He noted that "the stock of PHs for sale in the City of Buenos Aires does not exceed 8% of the active portfolio," which makes them "more attractive." The average value of the best-selling units this year—two- and two-bedroom apartments, and PHs—is between $80,000 and $150,000 . However, there is an increase in inquiries for larger units, such as four-bedroom apartments," Migliorisi added.
He stated that the Buenos Aires real estate market is experiencing a period of strong activity in neighborhoods such as Recoleta, Palermo, Villa Urquiza, and Belgrano , where properties are on sale for a short time and buyers are moving quickly to close deals.
He warned that buyers remain cautious and that "the price per square meter has to be reasonable. People are willing to pay, but they are selective."
As for areas with potential, Puebla believes Parque Patricios is one of them . After the arrival of the Technology District in 2007, the neighborhood "began to change." The arrival of leading technology companies attracted a young audience, which "generated new demands in the area."
Despite its growth, Puebla asserted that "Parque Patricios' prices are far below those of so-called "TOP" locations, such as Caballito or Palermo." This makes it a "great opportunity" for those seeking a "quiet, safe area with access to transportation."
According to Zonaprop, the value per square meter of used land in Parque Patricios is around US$1,500, while in Palermo it is double that, and in Caballito, 45% more.
Regarding the rental dynamics, Puebla indicated that "today, rents, like those throughout the city, are falling in price, thanks to the Decree that deregulated the market and the arrival of credit." In Parque Patricios, it's possible to find "house-style apartments that don't have utilities and allow you to live with a small patio and terrace," he concluded.
www.buysellba.com
Source:
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www.ambito.com
August 12, 2025
By Jose Luis Cieri
Confidence in real estate has recovered, with more than 30,000 transactions already completed in Buenos Aires. Mortgage lending and the return of investors are driving the improvement.
A used apartment in Villa Ortúzar, one of the neighborhoods that has most increased its value in the last 12 months.
The Argentine real estate market is experiencing a favorable turnaround, moving away from the stagnation of previous years. In the City of Buenos Aires, nearly 30,000 transactions have already been completed by June (through deeds processed by the Buenos Aires Notary Association), the best start to the season in seven years . Experts are calling this "renaissance" of the sector, not due to a single factor, but rather to the combination of macroeconomic policies, a context of greater stability, and the recovery of investor and buyer confidence.
This new scenario puts the spotlight on the used property segment , which is now positioned as the main driver of the recovery. It offers a favorable outlook, with prices that, while up as much as 12% year-over-year in some neighborhoods like Núñez and Villa Ortúzar , remain in the opportunity zone.
The repeal of the Rental Law, the stabilization of the dollar, the decline in inflation, and the impact of money laundering are just some of the factors driving this change. The return of mortgage loans (even in a context of rising interest rates by several of the banks that provide them) also plays a crucial role. Credit allows a segment of the population previously excluded from the market to access homeownership. This is key for those with savings, which they can use as a down payment and thus obtain the financing necessary to cover the full value of the property.The recovery of confidence, the engine of the market
Diego Migliorisi , of Migliorisi Properties, stated that "the recovery of investor and genuine buyer confidence" is one of the main factors driving the market. This confidence, he said, is supported by "a number of macro policies and measures such as the decline in inflation, the stabilization of the dollar, the repeal of the Rental Law, the lifting of the exchange rate restrictions, and a fundamental concept: the clear defense of private property."Although property values have been recovering for at least a year, "there are still many opportunities to invest, both in cash and with a mortgage." In this sense, money laundering and mortgage loans are tools that "inject money into the market," which "brings in new buyers and increases the momentum every month," Migliorisi noted.
Mortgage credit is becoming established as the bridge between the desire for a property and access to financing, a key agreement for the buyer and the market.
The combination of this growing demand with the reduction in the stock of properties for sale, which according to Migliorisi was largely due to the repeal of rental regulations, created a "more equitable market." The property stock in Buenos Aires City will decrease by 25% starting in 2024, and the return of confidence in investing landlords "brought back properties that had been removed from the rental stock and reduced the excess stock, generally of studio- and one-bedroom units."
A pillar of stability
For Migliorisi, mortgage loans are a "vital tool for the economic health of a country and a society." The major powers developed with credit, and in Argentina, this new loan program "came to strengthen one of the fundamental pillars of the real estate market, which had been lacking for too long."The sustainability of long-term credit depends on trust. "That's why the stability of the dollar and beating inflation are key reasons why more and more buyers are choosing to purchase a home with a mortgage," he added.
Don't waste time
Regarding recommendations for new buyers, the specialist is emphatic: "Don't waste time because we're in a very dynamic period of growth." He advised that "before providing a price, consult with trusted professionals so they can verify the legal and architectural status of the property."The main buyers today are "families or individuals seeking permanent housing," reflecting the boom in the used market. Within this segment, Migliorisi highlighted a particular phenomenon: "The rise of townhouses with patios, terraces, and gardens are the most sought-after and those that lost the least value during the crisis that erupted between 2020 and 2023."
He noted that "the stock of PHs for sale in the City of Buenos Aires does not exceed 8% of the active portfolio," which makes them "more attractive." The average value of the best-selling units this year—two- and two-bedroom apartments, and PHs—is between $80,000 and $150,000 . However, there is an increase in inquiries for larger units, such as four-bedroom apartments," Migliorisi added.
Opportunities
Architect and real estate expert Oscar Puebla reinforced the idea of a change in the cycle. "It's clear because today we have prices that, in many cases, are still at those of last year, and demand is growing again in a way we haven't seen in a long time," he stated. He agreed that the combination of still-competitive prices and the reduction in inventory creates "a climate of opportunity that is hard to find." However, he warned: " Apartments can still be found at 2024 prices. That won't last much longer."He stated that the Buenos Aires real estate market is experiencing a period of strong activity in neighborhoods such as Recoleta, Palermo, Villa Urquiza, and Belgrano , where properties are on sale for a short time and buyers are moving quickly to close deals.
He warned that buyers remain cautious and that "the price per square meter has to be reasonable. People are willing to pay, but they are selective."
As for areas with potential, Puebla believes Parque Patricios is one of them . After the arrival of the Technology District in 2007, the neighborhood "began to change." The arrival of leading technology companies attracted a young audience, which "generated new demands in the area."
Despite its growth, Puebla asserted that "Parque Patricios' prices are far below those of so-called "TOP" locations, such as Caballito or Palermo." This makes it a "great opportunity" for those seeking a "quiet, safe area with access to transportation."
According to Zonaprop, the value per square meter of used land in Parque Patricios is around US$1,500, while in Palermo it is double that, and in Caballito, 45% more.
Regarding the rental dynamics, Puebla indicated that "today, rents, like those throughout the city, are falling in price, thanks to the Decree that deregulated the market and the arrival of credit." In Parque Patricios, it's possible to find "house-style apartments that don't have utilities and allow you to live with a small patio and terrace," he concluded.
www.buysellba.com
