Monday, July 23rd, 2007...4:53 pm

Buenos Aires Property: Looking outside of the box

There’s more to Buenos Aires than just a few well-known barrios

Most people thinking about buying Real Estate in Buenos Aires think of Recoleta, Palermo, Puerto Madero, and possibly San Telmo, when in fact there are much more attractive neighborhoods easily accessible to transport at 50% of the price of many of these more well-known areas.

People need to think ahead - the Palermo Soho of the future could be a relatively unknown hidden gem at present. Palermo Soho, while it is attractive, offers very few bargains these days, and demand far outweighs supply. I personally have discovered areas very close to “touristic”neighborhoods, which offer prices per square metre at least 30% cheaper.

Buenos Aires Street

Thinking long term

Property is a long term investment anywhere in the world - what Buenos Aires has in it’s favour is a booming tourism market that is projected to continue growing at breakneck rates over the coming years. Rental returns for properties are close to the highest in the world, giving the owner an excellent return on investment.

Successful long-term investors have always shared one quality - the ability to think outside of the box, by looking into the future property market possibilities and not being blinded by the current situation. Investing in real estate in Buenos Aires is no different - to get the best return you have to think, or in this case, look, outside of the box - and not just the same old areas of Recoleta, Palermo and the like.

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Filed under buenos aires, real estate, palermo, recoleta, upcoming barrios, apartments, argentina

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