Rentals in Buenos Aires rose nearly 10% in three months

Rental prices in Buenos Aires rose 9.6% in the first quarter of 2026, according to Zonaprop data. A studio apartment averages $704,704 monthly, with a 34.7% year-over-year increase. Puerto Madero remains the most expensive neighborhood.

According to Zonaprop's survey, rental listing prices in Buenos Aires rose 9.6% in the first quarter of 2026, including 3% in March alone. This reinforces an ongoing upward trend in the leasing market.

A studio apartment rents for an average of $704,704 per month, a two-bedroom for $814,659, and a three-bedroom for $1,094,451. Puerto Madero tops the list at $1,358,875 monthly, followed by Núñez ($915,379) and Palermo ($911,708), which account for 20% of supply. Lugano provides the lowest averages at $661,925, along with Floresta and Liniers.

Armando Pepe dismissed concerns over reduced supply: “No baja la oferta, es producto de que se van alquilando”.

In sales, the average square meter stands at US$2,459, up 0.2% in March. February saw 3,567 deeds, down 17% from 2025, with only 17% involving mortgages. Construction costs in dollars increased 3.7% in March.

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Realistic illustration of Argentine blue dollar and euro exchange rates stable at Friday market close, with digital boards showing specific buy/sell figures.
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Dollar and euro rates stable at close on Friday, February 13

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The blue dollar closed without changes at $1.420 for buying and $1.440 for selling, while the official rate at Banco Nación was $1.370 for buying and $1.420 for selling. The blue euro saw a slight increase of $6, closing at $1.785,75 for buying and $1.717,75 for selling. These rates mark the end of the week's trading in the Argentine market.

Following initial signs of slowdown in late 2025, Buenos Aires' real estate market has stalled in early 2026 with four consecutive months of declining mortgages, developer Miguel Chej Muse said. Prices present buying opportunities amid tight credit, while rentals remain active.

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Since 2016, rental prices in Spain have risen 92%, nearly four times faster than salaries, which grew only 24%. This has pushed the cost of a medium-sized apartment above 40% of the average gross salary, making housing access an increasingly tough challenge for many, especially young people and immigrants.

Evictions and informal payments are on the rise in Addis Abeba's rental market, despite formal lease contracts. More than 60 percent of the city's households are renters, with private arrangements now dominating. Intended to safeguard tenants, the rental law is instead prompting off-the-books deals amid regulatory hurdles and inflation.

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Tenants at number 3 Calle Antillón in Puerta del Ángel, Madrid, refuse to pay double the rent demanded by their landlord, businessman Fernando David Villar Ausocua. Backed by the Tenants' Union, they demand new contracts at the same price after five years. They denounce the owner's greed, involved in up to 25 companies.

Neiva's city hall raised public bus fares starting January 1, factoring in inflation and reduced passenger demand. At the same time, the Energy and Gas Regulation Commission increased national reference prices for gasoline and diesel.

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In the first trading session of 2026, Argentina's dollar blue fell to 1,495 pesos (buy) and 1,515 pesos (sell), amid ongoing exchange market liberalization since April 2025. Official dollar at 1,445/1,495; MEP 1,499.30/1,501.80; CCL 1,535.30/1,536.60; crypto 1,524.10/1,541.12; card dollar 1,943.50. Country risk hit 567 basis points.

 

 

 

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