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Published on Wednesday, February 18, 2026

Argentina | Real estate and Construction Outlook 2026

Summary

Argentina's real estate market recovered in 2025, driven by mortgage credit and wage growth. Construction remained sluggish. The 2026 outlook offers regional opportunities requiring strategic caution.

Key points

  • Key points:
  • Mortgage credit returned to the forefront. UVA-indexed loans boosted the market, doubling credit participation and expanding access to the middle class. Though the pace slowed late in the year, it laid foundations for momentum in 2026.
  • Real estate demand rebounded, with rising prices. The residential market strengthened: deed volumes grew, m² prices rose, and relative accessibility improved.
  • The rental market reorganized and became attractive. The repeal of the Rental Law increased supply and improved profitability, surpassing 6% in many areas. The shorter payback period enhances investment potential and repositions housing as an income-generating asset.
  • Offices and logistics showed diverging paths. Office vacancy remains high, reflecting structural change. In contrast, logistics warehouses maintained strong occupancy, reaffirming their resilience amid economic fluctuations.
  • Construction lagged behind. Despite a more stable macro environment and predictable costs, the sector showed little momentum due to reduced public works and limited private investment. In 2026, reigniting activity will hinge on financing and feasible projects.

Geographies

Documents and files

Presentation (PDF)

Argentina - Real estate and Construction Outlook 2026

Spanish - February 18, 2026

Authors

MI
Mario Iparraguirre BBVA Research - Senior Economist

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