Buenos Aires Property Prices 2024: Down 18% From 2021 Peak

Buenos Aires residential prices sit 18 percent below the 2021 peak on a USD per square metre basis, with the citywide average now at 2500 dollars, according to July transaction records from local registries.

The gap from the earlier cycle matters because buyers and sellers still price listings in dollars, yet fewer deals close each month than during the 2021 run-up driven by post-pandemic capital flight into bricks and mortar.

Street-level activity in premium and rising districts

Along Avenida Santa Fe in Recoleta, three apartments listed at 3200 dollars per square metre have sat for more than 90 days, while similar units in Palermo Soho near Plaza Italia moved in under six weeks in 2021. In Belgrano, family-sized homes on Calle Cramer trade at 2650 dollars per square metre, down from the 3100-dollar levels recorded in mid-2021 deeds at the same addresses. Villa Crespo listings near the Subte B station on Avenida Corrientes show the sharpest contrast, with new-build units now asking 2100 dollars against 2800 dollars during the prior surge.

Local agencies report that USD cash buyers dominate, yet the number of recorded sales in the first half of 2026 trails the same period in 2021 by roughly one-third, according to data compiled by the Colegio de Escribanos de la Capital Federal.

Outlook for the second half of the year

Agents advise owners to adjust expectations toward current 2500-dollar averages rather than chase 2021 benchmarks, especially on properties larger than 80 square metres. Prospective purchasers should review recent comparables on streets such as Calle Tucumán in Recoleta before making offers, as further softening could appear if transaction counts stay low through September.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.