March 2026 BA Real Estate update

Monthly real estate market update for Buenos Aires

Welcome Avatar! Time for the monthly check-in on the Buenos Aires real estate market, and February gave us some interesting data to chew on.

The short version: transaction volume is still digesting the post-election mortgage hangover, listing prices are stabilizing after months of drift, and pozo developers are quietly raising prices on new launches while sitting on existing projects.

Three signals pointing in three different directions, which is usually the kind of moment where paying attention pays off.

Mortgage issuance was the engine behind much of 2025’s transaction recovery. That engine sputtered in October when the BCRA jacked up reserve requirements ahead of the Midterms, and we are still seeing the lagged effects work through the deed registrations.

The good news is that the BCRA is finally unwinding those encajes, with another cut coming in April. Whether that translates into actual loan volume is the question of the next two quarters.

Now for the actual February / March numbers and a personal note on one of my pozos.