Buenos Aires Real Estate

The north of Buenos Aires, it was historically the zone of the city most estimated to live and certainly for real-estate business. The best constructions, the most luxurious towers, the projects of more resonance were predestined to have one point of reference in the city, the north.

On the other hand, the south after the yellow fever epidemic exiled all the wealthy families that were living in the areas surrounding San Telmo in the middle of the 19th century. Little by little was losing the charm, furthermore in the southern part, where there was an industrial pole that was used as base to the big factories of Buenos Aires and the surroundings. With these precedents, the south was devaluated compare to the lucky north.
For some years, the south is generating another interest, Puerto Madero probably has been the key to put attention and to see that beyond the Belgrano Avenue there is much to do, for construction and new urban options.

The situation we commented in previous post, about the north in relation to reach a plateau in terms of construction is turning the south in the main protagonist of the next years. The relocation of the civic center and the construction of new subways from north to south are showing that it is time of develop the south part of the city. New and important real estate business will be news in short or medium term.

Even though its plateau, the north hasn’t been the center of important investment opportunities, Palermo, Recoleta, Retiro and Belgrano are its main neighborhood.

Recoleta is one of the neighborhoods of Buenos Aires most estimated by its diversity in alternatives of entertainment, cultural and purchases options, but it is also one of the most wanted neighborhoods for renting apartments or buying properties for investment.

The famous Alvear Avenue, one of the most exclusive ones, which concentrates the most luxurious mansions of the city, also offers important houses fashionable internationally and hotels of prestige as the “Alvear” or the “Palace Duhau”.

To rent in Recoleta, is a good choice and a great possibility of living around the best restaurants in the city, pubs, the hippie fair on Saturdays and Sundays, the National Museum of Fine Arts, the Village Recoleta with its 12 cinemas, bookshops, bars and galleries of art.

Furnished apartments available for temporary rent in Buenos Aires of 2 or 3 rooms are the most wanted, but the one room apartments, called studio, has also very high demand. Apartments Buenos Aires as business offer multiple advantages.

Many investors have chosen Recoleta, as investment, buying residences that then, rent furnished to tourists for short stays, assuring them a return of investment, an extremely attractive business. The business is to accede to a real estate business with a minimal investment and to obtain a rent similar to the one that might be obtained in European countries or The United States.

Recoleta has a lot to offer to tourist and investors that think in Argentina
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