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Which are the Buenos Aires neighborhoods where the most construction has taken place in the last seven years? - La Nacion Propiedades
Source:
www.lanacion.com.ar
January 26, 2026
Construction shifted its historical concentration from emblematic neighborhoods and moved into communes that were considered second-rate
With the new Building Code now in effect, developers focused their attention on various neighborhoods in the City.Hernan Zenteno - La Nacion
In recent years, the real estate landscape of Buenos Aires has changed . On January 1, 2019, after being approved on December 6, 2018, the new Building Code came into effect , and with it, a fairly clear trend began to emerge: the consolidation of the northern corridor and the expansion towards low-density neighborhoods that, with the new regulations, gained height and attractiveness for developers.
The regulatory change was a turning point. It not only modified urban planning parameters, but also the way in which construction projects were approved and registered. And then updates were applied to that code.
During this period, between 2019 and December 2025, a total of 6,022 new construction permits were granted in the City of Buenos Aires, according to the Buenos Aires City Institute of Statistics and Censuses . The year with the highest activity was 2021 , with a total of 1,038 new construction permits, driven by the reactivation following the near-total standstill of 2020, when the pandemic froze the issuance of new authorizations. The reaction was decisive: the sector took advantage of historically low dollar values and relatively affordable construction costs .
Between 2019 and December 2025, a total of 6022 new construction permits were granted in the City
• 2020: 564 permits.
• 2021: 1,038 permits.
• 2022: 961 permits.
• 2023: 733 permits.
• 2024: 871 permits.
• 2025: 950 permits
For its part, Palermo stands out as the neighborhood with the most consistent construction volume . Unlike other areas that experienced sharp declines, Palermo maintained a flow of registered surface area exceeding 130,000 m² annually for almost the entire period, reaching 307,855 m² in 2024 alone .
However, when analyzing at the district level, the top spots again tilt towards the north. Between 2019 and 2025, District 13 (comprising Belgrano, Colegiales, and Núñez) led the city in the concentration of square meters of new construction , with a total of 3,181,549 m² registered .
Commune 13 led the concentration of square meters of new construction in the CityHernán Zenteno - LA NACION
The ranking of the municipalities that lead in construction is as follows:
“The analysis of building permits reveals much more than cyclical fluctuations: it demonstrates a concrete reconfiguration of the city's territory. A permit granted does not equate to an immediately completed building, but neither is it an abstract intention: it marks the starting point of what will actually be built and serves as a reliable indicator of the near urban future,” explains Federico Akerman, director of Terres, a real estate platform specializing in land.
Meanwhile, at the same time, Chacarita and Villa Crespo experienced a recent boom: in 2023, Chacarita reached a peak of 101,930 m² , surpassing several neighboring neighborhoods and positioning itself as a new investment hub.
“Villa Urquiza, Devoto, and Saavedra have ceased to be peripheral alternatives and have become protagonists of the construction boom. They function as a natural extension of the traditional northern zone, although with their own characteristics in terms of plot size and permitted heights,” Akerman points out.
“ That Palermo or Belgrano top the rankings is predictable; the novelty is that Devoto, Saavedra or Urquiza compete with comparable figures and, in some indicators, even surpass historically central districts,” Akerman concludes.
Chacarita reached a peak of 101,930 m². Fabian Marelli
On the other side of the map, the picture is very different. The southern zone remains on the sidelines of the major construction activity. Neither Parque Patricios, nor Barracas, nor Nueva Pompeya appear among the neighborhoods with the highest volume of new construction, even though since 2023 the Buenos Aires City Government has been promoting specific incentives in the new draft building code to reverse this disparity. The difficulty of accessing mortgage loans continues to push the market to concentrate in the north and northwest of the city.
www.buysellba.com
Source:
Cuáles son los barrios porteños en los que más se construyó en los últimos siete años
La construcción cambió su concentración histórica en barrios emblemáticos y avanzó hacia comunas que eran consideradas de segunda línea
www.lanacion.com.ar
January 26, 2026
Construction shifted its historical concentration from emblematic neighborhoods and moved into communes that were considered second-rate
With the new Building Code now in effect, developers focused their attention on various neighborhoods in the City.Hernan Zenteno - La Nacion
In recent years, the real estate landscape of Buenos Aires has changed . On January 1, 2019, after being approved on December 6, 2018, the new Building Code came into effect , and with it, a fairly clear trend began to emerge: the consolidation of the northern corridor and the expansion towards low-density neighborhoods that, with the new regulations, gained height and attractiveness for developers.
The regulatory change was a turning point. It not only modified urban planning parameters, but also the way in which construction projects were approved and registered. And then updates were applied to that code.
During this period, between 2019 and December 2025, a total of 6,022 new construction permits were granted in the City of Buenos Aires, according to the Buenos Aires City Institute of Statistics and Censuses . The year with the highest activity was 2021 , with a total of 1,038 new construction permits, driven by the reactivation following the near-total standstill of 2020, when the pandemic froze the issuance of new authorizations. The reaction was decisive: the sector took advantage of historically low dollar values and relatively affordable construction costs .
Between 2019 and December 2025, a total of 6022 new construction permits were granted in the City
Building permits granted per year
• 2019: 905 permits.• 2020: 564 permits.
• 2021: 1,038 permits.
• 2022: 961 permits.
• 2023: 733 permits.
• 2024: 871 permits.
• 2025: 950 permits
The neighborhoods where the most construction took place
The data analyzed shows that when examining the surface area registered for new construction , Belgrano stands out with record figures. In 2019 alone, it registered more than 682,000 m² of new construction, maintaining a leading position that extended into the post-pandemic period with significant peaks in 2021 and 2023.For its part, Palermo stands out as the neighborhood with the most consistent construction volume . Unlike other areas that experienced sharp declines, Palermo maintained a flow of registered surface area exceeding 130,000 m² annually for almost the entire period, reaching 307,855 m² in 2024 alone .
However, when analyzing at the district level, the top spots again tilt towards the north. Between 2019 and 2025, District 13 (comprising Belgrano, Colegiales, and Núñez) led the city in the concentration of square meters of new construction , with a total of 3,181,549 m² registered .
Commune 13 led the concentration of square meters of new construction in the CityHernán Zenteno - LA NACION
The ranking of the municipalities that lead in construction is as follows:
- Commune 14 (Palermo) : remains in second place with approximately 1,725,322 m².
- Commune 12 (Saavedra, Villa Urquiza, Villa Pueyrredón and Coghlan) , which stands out for the largest number of individual permits granted (around 901) totaling about 1,314,996 m².
- Commune 15 (Villa Crespo, Chacarita, Villa Ortúzar, Paternal and Agronomía) , with sustained growth since 2022 and approximately 1,241,678 m² accumulated.
- Commune 11 (Villa Devoto, Villa del Parque, Villa Santa Rita and Villa General Mitre) , which closes the last place with a total of approximately 1,048,420 m².
“The analysis of building permits reveals much more than cyclical fluctuations: it demonstrates a concrete reconfiguration of the city's territory. A permit granted does not equate to an immediately completed building, but neither is it an abstract intention: it marks the starting point of what will actually be built and serves as a reliable indicator of the near urban future,” explains Federico Akerman, director of Terres, a real estate platform specializing in land.
The “revelation” neighborhoods
Beyond the classic neighborhoods of northern Buenos Aires, there were some "breakout" areas that captured the market's attention. Villa Urquiza led the way for several years in the number of individual building permits . In 2021, for example, it registered 140,122 m² of new construction, consolidating its position as one of the areas with the greatest residential transformation.Meanwhile, at the same time, Chacarita and Villa Crespo experienced a recent boom: in 2023, Chacarita reached a peak of 101,930 m² , surpassing several neighboring neighborhoods and positioning itself as a new investment hub.
“Villa Urquiza, Devoto, and Saavedra have ceased to be peripheral alternatives and have become protagonists of the construction boom. They function as a natural extension of the traditional northern zone, although with their own characteristics in terms of plot size and permitted heights,” Akerman points out.
“ That Palermo or Belgrano top the rankings is predictable; the novelty is that Devoto, Saavedra or Urquiza compete with comparable figures and, in some indicators, even surpass historically central districts,” Akerman concludes.
Chacarita reached a peak of 101,930 m². Fabian Marelli
On the other side of the map, the picture is very different. The southern zone remains on the sidelines of the major construction activity. Neither Parque Patricios, nor Barracas, nor Nueva Pompeya appear among the neighborhoods with the highest volume of new construction, even though since 2023 the Buenos Aires City Government has been promoting specific incentives in the new draft building code to reverse this disparity. The difficulty of accessing mortgage loans continues to push the market to concentrate in the north and northwest of the city.
www.buysellba.com
