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These are the most expensive neighborhoods in Latin America - Infobae
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www.infobae.com
November 09, 2023
By José Luis Cieri
Puerto Madero, the youngest Buenos Aires neighborhood, remains the most expensive on the continent
Puerto Madero, the youngest neighborhood in the city of Buenos Aires, tops the ranking of the most sought-after neighborhoods in Latin America: buying a 3 or 4-room apartment in this modern Buenos Aires layout costs USD 5,485 per square meter on average.
The report that shows that Puerto Madero maintained its privileged position in prices for more than a decade, was carried out by Properati, Lamudi and Trovit, all portals with a presence on the American continent, which calculated the average values per m2 of homes for sale in 26 upper class neighborhoods from 13 countries to obtain the final ranking.
“The most expensive layout is an area with planning that stands out for its luxurious residential towers. New projects and units for sale in this area enjoy significant capital gains due to the urban environment in which they are located. In short, Puerto Madero is a real estate bubble within the city of Buenos Aires,” Ricardo Meneses , from Lifull Connect for Latin America, told Infobae.
Although Puerto Madero was not exempt from the drop in housing prices experienced in the Argentine real estate market, due to current economic and political factors, it managed to maintain its leadership position on the continent. There are apartments for sale with large surfaces ranging from more than 100 m2 covered to 500 m2. These homes seek to attract families or owners who wish to enjoy a luxury residence and proximity to the river.
The most expensive
Valuations range from USD 200,000 (for the few studio apartments available) to almost USD 7,000,000 for penthouses less than 3 years old.
Luxury is present in the homes located in the mega towers of Puerto Madero
The third most expensive area in Latin America is located in Rio de Janeiro, Brazil: Ipanema reaches an average value of USD 4,008 per m2.
Meneses explained that “Del Valle is a neighborhood in the municipality of San Pedro Garza García, which is part of the metropolitan area of Monterrey, Mexico. This area stands out for its importance as a commercial, financial and residential center. In addition, it is located near Santa Catarina, where the construction of the new Tesla factory is planned.”
The area called Del Valle, in Monterrey, is the second in the continental ranking among the most expensive homes (Photo: Getty Images)
On the other hand, Ipanema is known for its outstanding reputation in the local and regional real estate market. This neighborhood of Rio de Janeiro enjoys luxury and added value thanks to its privileged location next to the beaches of the Rio city.
Then, in the ranking of the most expensive are the neighborhoods of Vitacura (Santiago, Chile), Carrasco (Montevideo, Uruguay) and Vila Nova Conceiçåo (San Pablo, Brazil) which have an average price between USD 3,300 and USD 3,800, ranking between fourth and sixth place.
Tablada Park, located near Cerro de las Rosas, Alto Palermo and Cerro Chico in Córdoba, presents homes for sale ranging between USD 120,000 and $500,000.
Source: Properati, Lamudi and Trovit.
In fourteenth place is Las Malvinas de Rosario (average of USD 2,119 per m2) with prices that approach USD 1,000,000 at the maximum peak. This area shares proximity with Puerto Norte and Refinería, two neighborhoods that have shown notable growth in the last two decades, being renewed with new projects and homes under construction.
Three upper-class Colombian neighborhoods stand out for their growth. No other sector on the list registers a greater increase in housing prices than El Poblado (Medellín), where the price in dollars increased by 43%; For their part, Chicó (Bogotá) and El Prado (Barranquilla) reach a variation of more than 24 percent.
Ipanema, where the sea is the protagonist in this area of Rio de Janeiro (Photo Courtesy: Shot by Rafael Cerqueira on Unsplash)
The exclusive neighborhoods of Montevideo, Monterrey, Arequipa (Peru) and Guayaquil (Ecuador) present variations between 11% and 23 percent. While, residential sectors such as San Isidro (Lima, Peru), Costa Verde (Panama City, Panama), San Sebastián (Cuenca, Ecuador), Pance (Cali, Colombia) and Vitacura show moderate growth that does not exceed 10 percent. hundred.
“Striking cases stand out in capitals such as Lima, Santiago and Panama City, where factors such as social and economic instability left their mark. Despite this, the exclusive neighborhoods of these cities maintain a trend of growth in prices, indicating continued investment in real estate,” concluded Meneses.
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Estos son los barrios más caros de América Latina: el ganador es un trazado “burbuja” de Argentina
El precio promedio para comprar un departamento de 3 o 4 ambientes en el vecindario porteño que ganó es de USD 5.485 por metro cuadrado
www.infobae.com
November 09, 2023
These are the most expensive neighborhoods in Latin America: The winner is a “bubble” layout from Argentina
By José Luis Cieri
Puerto Madero, the youngest Buenos Aires neighborhood, remains the most expensive on the continent
Puerto Madero, the youngest neighborhood in the city of Buenos Aires, tops the ranking of the most sought-after neighborhoods in Latin America: buying a 3 or 4-room apartment in this modern Buenos Aires layout costs USD 5,485 per square meter on average.
The report that shows that Puerto Madero maintained its privileged position in prices for more than a decade, was carried out by Properati, Lamudi and Trovit, all portals with a presence on the American continent, which calculated the average values per m2 of homes for sale in 26 upper class neighborhoods from 13 countries to obtain the final ranking.
“The most expensive layout is an area with planning that stands out for its luxurious residential towers. New projects and units for sale in this area enjoy significant capital gains due to the urban environment in which they are located. In short, Puerto Madero is a real estate bubble within the city of Buenos Aires,” Ricardo Meneses , from Lifull Connect for Latin America, told Infobae.
Although Puerto Madero was not exempt from the drop in housing prices experienced in the Argentine real estate market, due to current economic and political factors, it managed to maintain its leadership position on the continent. There are apartments for sale with large surfaces ranging from more than 100 m2 covered to 500 m2. These homes seek to attract families or owners who wish to enjoy a luxury residence and proximity to the river.
The most expensive
Valuations range from USD 200,000 (for the few studio apartments available) to almost USD 7,000,000 for penthouses less than 3 years old.
Jorge Moscatelli , from Situar Propiedades, told Infobae that “Puerto Madero maintains its attractiveness among the local and foreign public. In the properties located in the towers it is possible to find new technology functions, such as electronic locks and automation of lighting. "The buyer, in addition to residing near areas with a large number of amenities and services, is close to the varied gastronomy offer and privileges living in a safe environment."
Luxury is present in the homes located in the mega towers of Puerto Madero
The rest of the ranking
After Puerto Madero are the Del Valle neighborhoods, in Monterrey, Mexico, which registers an average price of USD 4,071 per m2.The third most expensive area in Latin America is located in Rio de Janeiro, Brazil: Ipanema reaches an average value of USD 4,008 per m2.
Meneses explained that “Del Valle is a neighborhood in the municipality of San Pedro Garza García, which is part of the metropolitan area of Monterrey, Mexico. This area stands out for its importance as a commercial, financial and residential center. In addition, it is located near Santa Catarina, where the construction of the new Tesla factory is planned.”
The area called Del Valle, in Monterrey, is the second in the continental ranking among the most expensive homes (Photo: Getty Images)
On the other hand, Ipanema is known for its outstanding reputation in the local and regional real estate market. This neighborhood of Rio de Janeiro enjoys luxury and added value thanks to its privileged location next to the beaches of the Rio city.
Then, in the ranking of the most expensive are the neighborhoods of Vitacura (Santiago, Chile), Carrasco (Montevideo, Uruguay) and Vila Nova Conceiçåo (San Pablo, Brazil) which have an average price between USD 3,300 and USD 3,800, ranking between fourth and sixth place.
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Within the ranking they are followed by Tablada Park (Córdoba, Argentina), Savassi (Belo Horizonte, Brazil), Puerta de Hierro (Guadalajara, Mexico) and Bosque de las Lomas (Mexico City) close the top 10 with values over USD 2,600 per m2.Tablada Park, located near Cerro de las Rosas, Alto Palermo and Cerro Chico in Córdoba, presents homes for sale ranging between USD 120,000 and $500,000.
Source: Properati, Lamudi and Trovit.
In fourteenth place is Las Malvinas de Rosario (average of USD 2,119 per m2) with prices that approach USD 1,000,000 at the maximum peak. This area shares proximity with Puerto Norte and Refinería, two neighborhoods that have shown notable growth in the last two decades, being renewed with new projects and homes under construction.
Price evolution
The report also analyzed the price variation between the 2022 and 2023 rankings.Three upper-class Colombian neighborhoods stand out for their growth. No other sector on the list registers a greater increase in housing prices than El Poblado (Medellín), where the price in dollars increased by 43%; For their part, Chicó (Bogotá) and El Prado (Barranquilla) reach a variation of more than 24 percent.
Ipanema, where the sea is the protagonist in this area of Rio de Janeiro (Photo Courtesy: Shot by Rafael Cerqueira on Unsplash)
The exclusive neighborhoods of Montevideo, Monterrey, Arequipa (Peru) and Guayaquil (Ecuador) present variations between 11% and 23 percent. While, residential sectors such as San Isidro (Lima, Peru), Costa Verde (Panama City, Panama), San Sebastián (Cuenca, Ecuador), Pance (Cali, Colombia) and Vitacura show moderate growth that does not exceed 10 percent. hundred.
“Striking cases stand out in capitals such as Lima, Santiago and Panama City, where factors such as social and economic instability left their mark. Despite this, the exclusive neighborhoods of these cities maintain a trend of growth in prices, indicating continued investment in real estate,” concluded Meneses.
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