The average price of a new three-bedroom apartment in Buenos Aires, Argentina, was ******* U.S. dollars per square meter in the third quarter of 2024. The price for large new apartments peaked in 2017, when it reached almost ***** U.S. dollars per square meter. According to the source, the two- and three-bedroom apartments cover almost ********** of the market.

Buenos Aires, Argentina, was the least affordable city in South America in the first half of 2022 to buy an apartment. The ratio measures the number of years needed for a two-earner household where one person works full time and one person works half-time to buy a 90-square meter apartment. It assumes the property has the average square meter price for the city and that home buyers earn the average net salary. Montevideo, Uruguay, was one of the most affordable cities, where it took about nine years to buy an apartment.

The average sales price of apartments in Buenos Aires has decreased since 2018, when it peaked at ***** U.S. dollars per square meter for a newly built apartment. In December 2023, the average price was approximately *** U.S. dollars lower, at about ***** U.S. dollars. Nevertheless, some areas in Buenos Aires had apartment prices exceeding ***** U.S. dollars per square meter.

Argentina New Constructed House: Average Selling Price: Flores data was reported at 3,250.000 USD/sq m in Feb 2024. This stayed constant from the previous number of 3,250.000 USD/sq m for Jan 2024. Argentina New Constructed House: Average Selling Price: Flores data is updated monthly, averaging 1,950.000 USD/sq m from Jan 2005 (Median) to Feb 2024, with 230 observations. The data reached an all-time high of 3,250.000 USD/sq m in Feb 2024 and a record low of 675.000 USD/sq m in Jun 2005. Argentina New Constructed House: Average Selling Price: Flores data remains active status in CEIC and is reported by Construction Industry Regulatory & Statistical Institute. The data is categorized under Global Database’s Argentina – Table AR.EB001: New Constructed House: Selling Price.

Argentina Construction Cost: Multi Family House data was reported at 782,734.700 ARS/sq m in Mar 2025. This records an increase from the previous number of 781,172.400 ARS/sq m for Feb 2025. Argentina Construction Cost: Multi Family House data is updated monthly, averaging 3,122.020 ARS/sq m from Jan 2000 (Median) to Mar 2025, with 303 observations. The data reached an all-time high of 782,734.700 ARS/sq m in Mar 2025 and a record low of 395.270 ARS/sq m in Nov 2000. Argentina Construction Cost: Multi Family House data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.EA006: Construction Cost: Multifamily House.

Argentina New Constructed House: Average Selling Price: Ramos Mejia data was reported at 3,250.000 USD/sq m in Feb 2024. This stayed constant from the previous number of 3,250.000 USD/sq m for Jan 2024. Argentina New Constructed House: Average Selling Price: Ramos Mejia data is updated monthly, averaging 2,000.000 USD/sq m from Jan 2005 (Median) to Feb 2024, with 230 observations. The data reached an all-time high of 3,250.000 USD/sq m in Feb 2024 and a record low of 675.000 USD/sq m in Apr 2005. Argentina New Constructed House: Average Selling Price: Ramos Mejia data remains active status in CEIC and is reported by Construction Industry Regulatory & Statistical Institute. The data is categorized under Global Database’s Argentina – Table AR.EB001: New Constructed House: Selling Price.

The average sales price of apartments in Buenos Aires varied depending on the area, and reached as high as ***** U.S. dollars per square meter for newly built apartments in Puerto Madero in July 2024. The second and the most expensive neighborhood was Palermo, with an average price of about ***** U.S. dollars per square meter for newly built apartments and ***** U.S. dollars for existing apartments. Overall, apartment prices in Buenos Aires have declined since their peak (2018 to 2019).

Puerto Madero in Buenos Aires, Argentina, was one of the most expensive neighborhoods for residential property in Latin America in 2023, with an average square meter price of almost 5,500 U.S. dollars per square meter. Ipanema in Rio de Janeiro and Del Valle in Monterrey completed the top three with average price of about 4,000 U.S. dollars per square meter respectively.

Argentina New Constructed House: Average Selling Price: Barrio Norte data was reported at 3,100.000 USD/sq m in Jun 2020. This stayed constant from the previous number of 3,100.000 USD/sq m for May 2020. Argentina New Constructed House: Average Selling Price: Barrio Norte data is updated monthly, averaging 3,100.000 USD/sq m from Jan 2005 (Median) to Jun 2020, with 186 observations. The data reached an all-time high of 3,400.000 USD/sq m in Jan 2020 and a record low of 1,250.000 USD/sq m in Jun 2005. Argentina New Constructed House: Average Selling Price: Barrio Norte data remains active status in CEIC and is reported by Construction Industry Regulatory & Statistical Institute. The data is categorized under Global Database’s Argentina – Table AR.EB001: New Constructed House: Selling Price.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Argentina New Constructed House: Average Selling Price: Palermo data was reported at 4,001.000 USD/sq m in Feb 2024. This records an increase from the previous number of 4,000.000 USD/sq m for Jan 2024. Argentina New Constructed House: Average Selling Price: Palermo data is updated monthly, averaging 2,900.000 USD/sq m from Jan 2005 (Median) to Feb 2024, with 230 observations. The data reached an all-time high of 4,001.000 USD/sq m in Feb 2024 and a record low of 1,100.000 USD/sq m in Jan 2005. Argentina New Constructed House: Average Selling Price: Palermo data remains active status in CEIC and is reported by Construction Industry Regulatory & Statistical Institute. The data is categorized under Global Database’s Argentina – Table AR.EB001: New Constructed House: Selling Price.

The average square meter price for an apartment in Buenos Aires, Argentina, varied depending on the apartment size. For a one-bedroom apartment with an average size of ** square meter, home buyers paid on average ***** U.S. dollars per square meter.

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Metaverse Real Estate Market Size 2024-2028

The metaverse real estate market size is forecast to increase by USD 11.58 billion, at a CAGR of 73.6% between 2023 and 2028.

The market is an evolving digital landscape, characterized by the fusion of mixed reality and cryptocurrency. This market is witnessing significant traction due to the increasing adoption of blockchain technology for secure virtual transactions. The Metaverse offers a new frontier for real estate investments, providing unique opportunities for businesses and individuals alike. The market's dynamics are shaped by several factors. One of the most intriguing aspects is the uncertainty surrounding the pricing of virtual properties. While some virtual real estate parcels fetch high prices, others remain undervalued. This volatility can be attributed to the novelty and evolving nature of the market.
Moreover, the Metaverse's potential applications extend beyond gaming and entertainment. Industries such as education, healthcare, and retail are exploring the Metaverse for innovative solutions. For instance, educational institutions are using virtual campuses to provide immersive learning experiences, while healthcare providers are leveraging virtual environments for telemedicine and patient engagement. Despite the market's uncertainty, the market's growth trajectory is promising. According to recent estimates, the number of active users in the Metaverse is projected to reach 23.3 million by 2025, indicating a significant increase from the current user base. This trend is expected to drive demand for virtual real estate, leading to potential investment opportunities.
The market presents a unique investment opportunity, characterized by its fusion of mixed reality and cryptocurrency, the adoption of blockchain technology, and the potential for diverse applications across various sectors. The market's dynamics are shaped by factors such as pricing uncertainty and the evolving nature of the Metaverse. Despite these challenges, the market's growth trajectory is promising, with increasing user adoption and the potential for innovative applications driving demand for virtual real estate.

Major Market Trends & Insights

North America dominated the market and accounted for a 78% growth during the forecast period.
The market is expected to grow significantly in Second Largest Region as well over the forecast period.
By the End-user, the Enterprises sub-segment was valued at USD 225.80 billion in 2022
By the Type, the Virtual Land sub-segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 1.25 billion
Future Opportunities: USD USD 11.58 billion 
CAGR : 73.6%
North America: Largest market in 2022

What will be the Size of the Metaverse Real Estate Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

Metaverse real estate represents a significant and expanding sector within the digital economy. According to recent estimates, the market for metaverse property currently accounts for over 1% of total digital asset transactions. Looking ahead, industry experts project a compound annual growth rate of approximately 25% over the next five years. Considerable investment activity characterizes this dynamic market. For instance, virtual land parcels in popular metaverses have seen substantial price increases, with some plots selling for millions of dollars. In comparison, the average price for a residential property in the United States was around USD350,000 as of 2021.
This discrepancy underscores the significant potential for returns in metaverse real estate. Moreover, the market encompasses a diverse range of offerings. These include virtual world economies, digital identity verification, data storage solutions, user interface design, and blockchain security audits, among others. As the market continues to evolve, the integration of payment gateway services, ownership verification, and digital asset management solutions is expected to further streamline transactions and enhance user experience. Transaction fees and content moderation policies are essential considerations for investors. While fees vary between platforms, they can impact potential returns. Additionally, adherence to data privacy compliance and legal frameworks is crucial to mitigate risks and maintain a positive user experience.
In summary, the market represents a burgeoning sector with significant growth potential. Investment opportunities span a wide range of offerings, from virtual land sales to platform integration services. As the market continues to mature, regulatory compliance and user experience enhancements will play increasingly important roles.

How is this Metaverse Real Estate Industry segmented?

The metaverse real estate industry research report provides comprehensive data (region-wise segment analysis), with for

Argentina New Constructed House: Average Selling Price: Villa Agronomia data was reported at 3,250.000 USD/sq m in Feb 2024. This stayed constant from the previous number of 3,250.000 USD/sq m for Jan 2024. Argentina New Constructed House: Average Selling Price: Villa Agronomia data is updated monthly, averaging 1,950.000 USD/sq m from Jan 2005 (Median) to Feb 2024, with 230 observations. The data reached an all-time high of 3,250.000 USD/sq m in Feb 2024 and a record low of 675.000 USD/sq m in Jan 2005. Argentina New Constructed House: Average Selling Price: Villa Agronomia data remains active status in CEIC and is reported by Construction Industry Regulatory & Statistical Institute. The data is categorized under Global Database’s Argentina – Table AR.EB001: New Constructed House: Selling Price.

In the second quarter of 2023, Catalinas reported the highest average monthly rent for offices among all the areas in Buenos Aires, Argentina. The average monthly rent in Catalinas ranged between ** and ** U.S. dollars per square meter. Conversely, Macrocentro Sur provided the most affordable offices with the lowest monthly rent among all areas, with commercial spaces starting at ** U.S. dollars per square meter.

Argentina New Constructed House: Average Selling Price: Congreso data was reported at 2,250.000 USD/sq m in Feb 2024. This stayed constant from the previous number of 2,250.000 USD/sq m for Jan 2024. Argentina New Constructed House: Average Selling Price: Congreso data is updated monthly, averaging 1,850.000 USD/sq m from Jan 2005 (Median) to Feb 2024, with 230 observations. The data reached an all-time high of 2,600.000 USD/sq m in Jun 2020 and a record low of 650.000 USD/sq m in Jun 2005. Argentina New Constructed House: Average Selling Price: Congreso data remains active status in CEIC and is reported by Construction Industry Regulatory & Statistical Institute. The data is categorized under Global Database’s Argentina – Table AR.EB001: New Constructed House: Selling Price.

Argentina New Constructed House: Average Selling Price: Caballito data was reported at 3,250.000 USD/sq m in Feb 2024. This stayed constant from the previous number of 3,250.000 USD/sq m for Jan 2024. Argentina New Constructed House: Average Selling Price: Caballito data is updated monthly, averaging 2,300.000 USD/sq m from Jan 2005 (Median) to Feb 2024, with 230 observations. The data reached an all-time high of 3,550.000 USD/sq m in Jun 2020 and a record low of 950.000 USD/sq m in Jan 2005. Argentina New Constructed House: Average Selling Price: Caballito data remains active status in CEIC and is reported by Construction Industry Regulatory & Statistical Institute. The data is categorized under Global Database’s Argentina – Table AR.EB001: New Constructed House: Selling Price.

Argentina New Constructed House: Average Selling Price: Avellaneda data was reported at 1,500.000 USD/sq m in Feb 2024. This stayed constant from the previous number of 1,500.000 USD/sq m for Jan 2024. Argentina New Constructed House: Average Selling Price: Avellaneda data is updated monthly, averaging 1,500.000 USD/sq m from Jan 2005 (Median) to Feb 2024, with 230 observations. The data reached an all-time high of 1,900.000 USD/sq m in Jan 2020 and a record low of 593.750 USD/sq m in Jan 2005. Argentina New Constructed House: Average Selling Price: Avellaneda data remains active status in CEIC and is reported by Construction Industry Regulatory & Statistical Institute. The data is categorized under Global Database’s Argentina – Table AR.EB001: New Constructed House: Selling Price.

In December 2022, the monthly rent for a one-bedroom apartment in the city center in Argentina cost approximately *** U.S. dollars, whereas a three-bedroom apartment in the same location averaged 494 U.S. dollars.

Argentina New Constructed House: Average Selling Price: Puerto Madero data was reported at 6,500.000 USD/sq m in Feb 2024. This stayed constant from the previous number of 6,500.000 USD/sq m for Jan 2024. Argentina New Constructed House: Average Selling Price: Puerto Madero data is updated monthly, averaging 5,950.000 USD/sq m from Jan 2005 (Median) to Feb 2024, with 230 observations. The data reached an all-time high of 7,850.000 USD/sq m in Jun 2020 and a record low of 2,400.000 USD/sq m in Aug 2005. Argentina New Constructed House: Average Selling Price: Puerto Madero data remains active status in CEIC and is reported by Construction Industry Regulatory & Statistical Institute. The data is categorized under Global Database’s Argentina – Table AR.EB001: New Constructed House: Selling Price.