Since the repeal of the Rental Law In December 2023, the market experienced a slowdown in price increases, But even so, the panorama remains striking.
In December 2024, the rental prices in it Buenos Aires Metropolitan Area (AMBA) registered a 2% increase compared to November, with a year-on-year increase of 39%. This figure, although significant, It is well below the accumulated inflation of 112% between January and November 2024according to INDEC data.
A determining factor in this slowdown was the increase in supplythat grew by 182% during 2024. The modification in the legislation allowed rental contracts to be freely negotiated again between the parties, with quarterly increases and a duration of two years.
In CABA, the neighborhoods of Palermo and Núñez show average prices of $600,000 for a two-room apartment, while in exclusive areas such as Puerto Madero values can reach $1,000,000.
Variations in sales
In the buying and selling market, prices also showed relevant movements. According to a report from Mercado Libre and the University of San Andrésthe values of the properties in the AMBA they rose 7% year-on-year in December 2024. This increase was driven by the reactivation of mortgage loans released in May and money launderingwhich especially boosted the used property segment.
The Buenos Aires neighborhood of Devoto led the increases with a 18% year-on-year increase. As for apartments, the average price in dollars per square meter grew by 10.4% in CABAwhile in Greater Buenos Aires (GBA) the variations were 2.5% in the north, -0.1% in the west and 5.6% in the south.
On the other hand, houses experienced a general drop in their prices, showing a drop in 2.8% in CABAas well asl 4.4% in GBA Northa 2% in GBA South and a 8.4% in GBA West.
Although the supply of properties grew and rental prices showed some moderation, the real estate market continues to face accessibility problems, both for renting and buying properties. The thing is is limited by high costs and the lack of housing solutions long term.
With 2024 closing with mixed indicators, the outlook for 2025 will depend on the economic stability and of policies that promote a balance between supply and demand in the sector.
Main areas and market preferences
The analysis of the most visited areas, both for sale and rent, provides key data to understand user preferences. In CABA the most sought after neighborhoods for sale were Caballito, Belgrano, Villa Urquiza, Palermo and Recoleta. Meanwhile, for rent, Caballito, Palermo and Belgrano top the list of areas with the highest demand-
For its part, in Greater Buenos Aires, Vicente López and San Isidrothey led the north in sales, while in the south La Plata and Quilmes were the most requested areas and in the west, La Matanza and Morón.
For rental in the GBA, they highlighted Vicente López and General San Martín in the north, La Plata and Quilmes again in the south, and Lto Matanza and Morón They were repeated as the most sought after in the west.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
