South American Real Estate News

Ranking: The five cities with the most expensive real estate in Argentina

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It is historical, the properties located in the city of Buenos Aires are the most expensive in the country. Without going any further, according to the latest Index from the Zonaprop portal, in November, the average price of an apartment was US$2,562/m². However, the purchase price of real estate in some cities in the interior of the country is not far behind either.

Based on a private survey by Zonaprop, which LA NACION was able to access, in which the cities that have -at least- between 400 and 1,300 properties for sale on its portal, a ranking was built with the most expensive cities in Argentina to buy a house, including used and new.

1. Bariloche

The most expensive square meter of a residential property located in the interior of the country is for sale in San Carlos de Bariloche, Rio Negro. In that city, real estate defends US$2,530 per square meter. Another fact that shows the positioning of the Patagonian region, located between lakes and mountains, is that it maintains the values of its land even in the midst of a pandemic: so far this year, its prices have fallen by only an average 4%.

2. Pinamar

It is the second locality in the interior of the country with the highest values: real estate is sold for an average of US$2,100 per square meter. According to the Zonaprop report, it is the only city that during the quarantine did not register a drop in the prices of its properties.

3. Neuquen capital

The city is third on the podium. Their properties sell for an average value of US$1,950 per square meter. However, it is the town on the list with the greatest drop in prices in the accumulated of the year, with a decrease of 14% in this 2020. According to real estate developers, the slowdown in Vaca Muerta and the price of oil meant that “Neuquén is not doing so well” in terms of demand.

4. Rosary

The price of real estate in Rosario is marketed at US$1,659/m², which is why it occupies fourth place in the ranking. In this case, the sales values of the properties are also suffering the blows of the real estate crisis that had begun before the pandemic: prices registered 18 consecutive months of decline and accumulated a decrease of 7.2% in 2020 and 10 .7% when compared to the maximum peak in 2018, when real estate defended values of US$1,851 per square meter.

5. Villa Carlos Paz

Finally, Villa Carlos Paz is crowned the fifth most expensive city in the interior of the country, with an average price of US$1,560 per square meter. Compared to stocks trading at the start of 2020, the December figure is 5% lower.

Source: La Nacion

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