Surprise in the market: Livestock fields already selling up to 30% more expensive, and the 'if Milei wins' factor begins to play

The Argentine rural real estate market is experiencing unprecedented dynamism, with livestock fields showing surprising price increases of up to 30%. This surge is not confined to specific regions but is seen across various property types, though high-quality agricultural land still leads demand.

Several factors contribute to this boom. A more stable macroeconomic environment, decreasing inflation, a lower country risk, and improved profitability in livestock farming have fostered greater confidence. Additionally, government deregulation and the prospect of further sector reforms are making land an attractive investment once again.

"The field market is exorbitant today," stated Juan José Madero, director of the Fields Division at LJ Ramos Brokers Inmobiliarios. He noted that demand exists for agricultural, mixed, and livestock properties nationwide, with transactions closing rapidly as buyers accept seller conditions. Madero highlighted that prime agricultural land prices are exceeding US$20,000 per hectare, with some deals potentially closing even higher due to limited supply.

Roberto Frenkel Santillán, president of Bullrich Campos, echoed this sentiment but pointed to a significant reduction in available properties. "Many fields were sold, others were withdrawn from sale, and some were sold at high prices," he summarized. Many owners are choosing to wait, anticipating further price appreciation, as there is a scarcity of good properties on the market.