Argentina: House Prices, Rents, and Rental Yields
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Yields are very high in Buenos Aires
| Last Updated: Oct. 14, 2008 | |||||
| BUENOS AIRES - Apartments | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 50 sq. m. | 116,100 | 946 | 9.77% | 2,322 | 18.91 |
| 80 sq. m. | 163,440 | 1,463 | 10.74% | 2,043 | 18.29 |
| 120 sq. m. | 275,160 | 2,030 | 8.85% | 2,293 | 16.92 |
| 225 sq. m. | 461,250 | 3,683 | 9.58% | 2,050 | 16.37 |
| GRAN BUENOS AIRES - Houses | |||||
| 125 sq. m. | 150,500 | n.a. | n.a. | 1,204 | n.a. |
| 175 sq. m. | 201,075 | 1,321 | 7.89% | 1,149 | 7.55 |
| 225 sq. m. | 260,100 | 1,904 | 8.78% | 1,156 | 8.46 |
| 300 sq. m. | 337,200 | 2,985 | 10.62% | 1,124 | 9.95 |
| 425 sq. m. | 470,050 | 3,447 | 8.80% | 1,106 | 8.11 |
| 750 sq. m. | n.a. | 7,148 | n.a. | n.a. | 9.53 |
| Districts researched Buenos Aires: Recoleta, Palermo, Puerto Madero, Retiro, Las Cañitas Gran Buenos Aires: Olivos, Martinez, San Isidro, Vicente Lopez, Tigre Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Landlords and investors in Buenos Aires can expect to earn spectacular gross rental yields on their apartments at around 9.73%, with 120 square metre apartments earning the highest yields, at 10.74%. Buying prices per square metre for Buenos Aires apartments range from around US$ 2,043 to US$2,400. Please remember that our figures are for used, not new apartments. Prices would be expected to be higher for new apartments, and yields lower.
For houses, gross rental yields in the Gran Buenos Aires area are also excellent, averaging 9.02%
These yields suggest an excellent opportunity for investors. But foreign investors should be note that Argentina’s macro-economics have been seriously deteriorating in recent years, and the potential for economic instability is high due to the country’s large budget deficits and high rate of inflation.
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Your Comments
posted by Giorgio | 2007-03-29
Italy
No way. To rent a 50 sqm appartment in Buenos Aires Down Town... you pay 800 Pesos per month (270 US$). Please, visit the town before pricing them!
posted by Ricardo | 2007-05-03
economist, Buenos Aires
Well, actually i pay 1000 AR$ (300 US$) per month, on Libertador Av (next to down town)
posted by Peter Whippy | 2007-07-04
Writer, Brussels
Whilst recognising the difficulty of constantly updating information, more widespread use of dates on articles/info on your very useful website would benefit everyone. Situations can change -even in a year. I visited Buenos Aires in March 2007 to check property investment possibilities and learned first-hand of the stark contrast between the talked up prices and value games of prime property aimed almost entirely at foreign investors and the reality of real estate values for the majority of the Argentinian population.