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Field Note No. 42

What Rental Yield Does Buenos Aires Property Give?

What Rental Yield Does Buenos Aires Property Give?

TL;DR: Gross rental yields in Buenos Aires run roughly 3 to 5% for long-term unfurnished, 5 to 7% for furnished/corporate, and 7% or more for short-stay in a strong barrio like Palermo, Recoleta, or San Telmo. The higher the yield, the higher the management effort. The catch foreigners miss is currency: a real dollar yield depends on how the rent is set and converted, not just the headline percentage.

The yield ladder

StrategyGross yieldEffort
Long-term unfurnished3 to 5%Low
Furnished / corporate5 to 7%Medium
Short-stay / nightly7%+High

Yield and effort move together. The nightly market pays the most and demands the most, turnovers, cleaning, listings, reviews. Long-term pays the least and asks the least.

The currency catch

The headline yield is only real if you keep its value. Buenos Aires property is priced in US dollars, but rent can be set in pesos or dollars. Peso rent that sits uncollected or unconverted loses value to inflation, quietly eroding a yield that looked fine on paper.

A genuine dollar yield comes from setting rent in dollars where the tenant profile allows (more common in furnished and short-stay), or converting peso rent promptly through legitimate channels. This is the single most overlooked factor in a foreign owner's real return.

What drives the number

  • Barrio. Palermo, Recoleta, and San Telmo carry the deepest short-stay demand.
  • Furnishing. Furnished and short-stay command higher rent per month.
  • Management. Occupancy and conversion discipline decide the net, not the gross.

Quick answers

What is a typical rental yield in Buenos Aires?

Gross yields run roughly 3 to 5% for long-term unfurnished lets, 5 to 7% for furnished, and 7% or more for short-stay rentals in strong barrios.

Which rental strategy gives the highest yield in Buenos Aires?

Short-stay (nightly) rentals give the highest gross yield, often above 7% in barrios like Palermo, Recoleta, and San Telmo, but they require the most management.

Are Buenos Aires rents in dollars or pesos?

Both exist. Furnished and short-stay lets are often set in US dollars, while long-term lets can be in pesos. For a foreign owner, dollar rent or prompt conversion protects the real yield.

What lowers a foreign owner's real yield in Buenos Aires?

Holding peso rent without converting it, since inflation erodes its dollar value, plus vacancy and weak management. The net yield depends on operations, not just the headline rate.

The gross yield is the easy number; the net dollar yield is the one that matters. To model what a specific apartment would actually return, book a call.

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