BuySellBA
Administrator
Puerto Madero: One of the most expensive neighborhoods - Clarin
Source:
www.clarin.com
November 06, 2023
The average price per square meter is US$5,485. It costs more than US$1,400 than the second and third on the list.In 7th place appears Tablada Park, an exclusive upper class area of Córdoba.
Although property prices have been falling, Puerto Madero is the most expensive neighborhood in Latin America. "Buying a 2 or 3-room apartment in this Buenos Aires sector costs US$5,485 per m2," says a regional report prepared by Properati, Lamudi and Trovit, 3 real estate portals with a presence in several countries in the region.
The study, which compared the sales values of 26 upper-class neighborhoods in 13 countries, found that the m2 in Puerto Madero is more than US$ 1,400 above Del Valle (Monterrey, Mexico), and Ipanema (Rio de Janeiro, Brazil), the other two most valuable neighborhoods on the list.
The top ten in the ranking of the most expensive Latin American neighborhoods "are found in 5 countries," says the study, in which another Argentine area also appears: Tablada Park, located in Córdoba, which occupies 7th place. From 4th to 6th place are Vitacura (Santiago de Chile), Carrasco (Montevideo, Uruguay) and Vila Nova (San Pablo, Brazil), whose average prices range between US$3,300 and US$3,800.
The top ten is completed by Savassi (Belo Horizonte, Brazil), Puerta de Hierro (Guadalajara, Mexico) and Bosque de las Lomas (Mexico City), which have values over US$ 2,600, according to a report that specialized portals made annually based on sales prices. On this occasion, more than 60,000 properties published in Properati, Lamudi and Trovit were analyzed and "the currency exchange rate of each country at the close of October 31 was used."
In this way, Puerto Madero emerges as the most expensive area in the region. This despite the fact that the value of the square meter in Capital fell 36% in the last 4 years, due to the exchange rate, the lack of mortgage credit and high inflation. Only this year did prices stabilize with a slight recovery in sales. “Demand today is 15% below the average levels of recent decades and prices stopped falling,” interprets Germán Gómez Picasso, director of Reporte Inmobiliario.
"Of all the Buenos Aires neighborhoods, Puerto Madero is the one that dropped prices the least," Daniel Bryn, specialized analyst and creator of the Real Estate Monitor portal, told Clarín. In Capital - he adds - the values between November of last year and the same month of 2023 fell on average 7.8%, which contrasts with 2% in the most listed area . "No one sells below the price they paid. It is a very special target and in general, they are not people who are in a hurry to get rid of their properties," says Bryn.
Their statistics indicate that the most expensive neighborhoods in CABA after Puerto Madero are Palermo (US$ 2,977 per average square meter), Belgrano (US$ 2,732), Núñez (US$ 2,644), Recoleta (US$ 2,512) and Villa Urquiza ( US$2,360). "This according to the publication values, which are not the same as when the operations are closed," Bryn clarifies.
Tablada Park is a neighborhood located in the so-called Cerro Zone, in the northwest of the city of Córdoba. The Rosario neighborhood of Las Malvinas also appears in the ranking . In that area, the average price per square meter is US$2,119, which places it in 14th place among the most expensive in Latin America.
The regional study compared price variations with the previous year's list. In this sense, they point out that "three upper-class Colombian neighborhoods stand out for their growth. No other sector on the list registers a greater price increase than El Poblado (Medellín), where the price in dollars increased by 43%. While Chicó (Bogotá) and El Prado (Barranquilla) reach an increase of more than 24%."
In contrast, the neighborhoods that lowered their prices were La Carolina (Quito, Ecuador), Vila Nova Conceição, Ipanema, Puerto Madero, Bosque de las Lomas, Las Malvinas (Rosario) and Puerta de Hierro. "But no decline exceeds 8% on average," concludes the study.
www.buysellba.com
Source:
Puerto Madero lidera el ranking de los barrios más caros de Latinoamérica
El metro cuadrado cotiza en promedio US$ 5.485. Cuesta más de US$ 1.400 que el segundo y tercero en la lista.En el 7° lugar aparece Tablada Park, una excusiva zona de clase alta de Córdoba.
www.clarin.com
November 06, 2023
Puerto Madero Leads the ranking of the most expensive neighborhoods in Latin America.
The average price per square meter is US$5,485. It costs more than US$1,400 than the second and third on the list.In 7th place appears Tablada Park, an exclusive upper class area of Córdoba.
Although property prices have been falling, Puerto Madero is the most expensive neighborhood in Latin America. "Buying a 2 or 3-room apartment in this Buenos Aires sector costs US$5,485 per m2," says a regional report prepared by Properati, Lamudi and Trovit, 3 real estate portals with a presence in several countries in the region.
The study, which compared the sales values of 26 upper-class neighborhoods in 13 countries, found that the m2 in Puerto Madero is more than US$ 1,400 above Del Valle (Monterrey, Mexico), and Ipanema (Rio de Janeiro, Brazil), the other two most valuable neighborhoods on the list.
The top ten in the ranking of the most expensive Latin American neighborhoods "are found in 5 countries," says the study, in which another Argentine area also appears: Tablada Park, located in Córdoba, which occupies 7th place. From 4th to 6th place are Vitacura (Santiago de Chile), Carrasco (Montevideo, Uruguay) and Vila Nova (San Pablo, Brazil), whose average prices range between US$3,300 and US$3,800.
The top ten is completed by Savassi (Belo Horizonte, Brazil), Puerta de Hierro (Guadalajara, Mexico) and Bosque de las Lomas (Mexico City), which have values over US$ 2,600, according to a report that specialized portals made annually based on sales prices. On this occasion, more than 60,000 properties published in Properati, Lamudi and Trovit were analyzed and "the currency exchange rate of each country at the close of October 31 was used."
In this way, Puerto Madero emerges as the most expensive area in the region. This despite the fact that the value of the square meter in Capital fell 36% in the last 4 years, due to the exchange rate, the lack of mortgage credit and high inflation. Only this year did prices stabilize with a slight recovery in sales. “Demand today is 15% below the average levels of recent decades and prices stopped falling,” interprets Germán Gómez Picasso, director of Reporte Inmobiliario.
"Of all the Buenos Aires neighborhoods, Puerto Madero is the one that dropped prices the least," Daniel Bryn, specialized analyst and creator of the Real Estate Monitor portal, told Clarín. In Capital - he adds - the values between November of last year and the same month of 2023 fell on average 7.8%, which contrasts with 2% in the most listed area . "No one sells below the price they paid. It is a very special target and in general, they are not people who are in a hurry to get rid of their properties," says Bryn.
Their statistics indicate that the most expensive neighborhoods in CABA after Puerto Madero are Palermo (US$ 2,977 per average square meter), Belgrano (US$ 2,732), Núñez (US$ 2,644), Recoleta (US$ 2,512) and Villa Urquiza ( US$2,360). "This according to the publication values, which are not the same as when the operations are closed," Bryn clarifies.
Tablada Park is a neighborhood located in the so-called Cerro Zone, in the northwest of the city of Córdoba. The Rosario neighborhood of Las Malvinas also appears in the ranking . In that area, the average price per square meter is US$2,119, which places it in 14th place among the most expensive in Latin America.
The regional study compared price variations with the previous year's list. In this sense, they point out that "three upper-class Colombian neighborhoods stand out for their growth. No other sector on the list registers a greater price increase than El Poblado (Medellín), where the price in dollars increased by 43%. While Chicó (Bogotá) and El Prado (Barranquilla) reach an increase of more than 24%."
In contrast, the neighborhoods that lowered their prices were La Carolina (Quito, Ecuador), Vila Nova Conceição, Ipanema, Puerto Madero, Bosque de las Lomas, Las Malvinas (Rosario) and Puerta de Hierro. "But no decline exceeds 8% on average," concludes the study.
www.buysellba.com
