Yes, soft and stable. The average price of an apartment is like asking the average price of a car. Pretty worthless info.
The trends we have seen are:
1. Prices in Recoleta, Palermo Soho, Palermo Hollywood, and "other" Palermos running between U$2,200 - U$2,700 per m2. If you have a fantastic property in a new building with full amenities (such as Palermo Uno) then you can charge a premium.
2. Very very few foreign buyers. Most buyers now are Argentine.
3. Economic indicators suggest no price increases over the next 12 months.
4. Lots of inventory waiting to be listed for sale when the market "recovers."
5. Any recovery will be slow due to the underlying economic fundamentals of Argentina.
6. Dropping short-term rental occupancy and rates. Consistent drop of between 20% and 25% per year over the past 4 years. Drop will continue due to rising inflation.
Enjoy your Saturday.
GS