2023-10-27 19:08:47
In the most expensive neighborhood in Latin America there is also the largest departmental building in the region. Photo: composition by Jazmin Ceras/LR
A recent report by the real estate company Properati revealed what the most expensive neighborhoods and exclusive to Latin America, a region full of contrasts. To do this, they examined around 50,000 properties in the most select areas of 20 cities across the continent.
Argentina has the most exclusive neighborhood in the region despite inflation of more than 140% annually, according to official data, followed by Brazil y Chile.
The study analyzes that “Argentina, Colombia and Chile are the economies that present annual devaluations of their local currencies. The chosen neighborhoods of these three countries present negative percentages of price variation in dollars.”
Puerto Madero is the most expensive neighborhood in Latin America. Photo: Deensel/Flickr
What is the most expensive and exclusive neighborhood in Latin America?
The average price in Puerto Madero decreased by 1% compared to last year, although it is important to note that this neighborhood has led the ranking in the last five years.
“In the same period, the price per square meter, in Argentine pesos, rose in all Argentine neighborhoods. This is due to the devaluation of the peso once morest the dollar. Although housing prices rise in local currency (increase percentages of more than 30%), they do not exceed the 52% that the dollar has become more expensive in the last year and for that reason they are priced cheaper in foreign currency.” clarifies the report.
These are the average prices per square meter of the 10 most expensive neighborhoods in Latin America in 2023:
Puerto Madero, Buenos Aires. US$5,921 Ipanema, Rio de Janeiro. US$4,028 Vitacura, Santiago de Chile. US$3,570 Del Valle, Monterrey. US$3,566 Vila Nova Concepción, San Pablo. US$3,404 Carrasco, Montevideo. US$3,003 Puerta de Hierro, Guadalajara. US$2,900 Bosques de las Lomas, Mexico City. US$2,639 Las Malvinas, Rosario. US$2,250 Costa del Este, Panama City. US$2,249.
Ipanema, in Rio de Janeiro, is the second neighborhood on the list. Photo: Global Mansion
Vitacura, in Santiago de Chile, is the third most expensive neighborhood in Latin America. Photo: Forbes
In del Valle, Monterrey, a square meter costs US$3,566. Photo: Rick González/flickr
Where is Puerto Madero and how much does a house cost?
Puerto Madero is located in Buenos Aires. It is characterized by its tourist attraction, penthouse, ecological reserves and the Women’s Bridge; Likewise, it has great security. There is even the tallest departmental building in South America at more than 204 meters high.
This structure is only surpassed by the Gran Torre Costanera, located in Santiago de Chile, with 300 meters; However, it is dedicated to offices and commercial premises. The price of one of the apartments in the highest part costs 6 million dollars.
Puerto Madero has the tallest building in South America. Photo: diffusion
Which South American country has the ‘coolest neighborhood in the world’?
For this 2023, the neighborhood chosen as first place in the ranking of the ‘coolest’ was one in the West of Medellín, Colombia. This is Laureles, an area that has a “quite quiet reputation,” according to Time Out. In addition, it stands out that the Atanasio Girardot sports unit (which administratively belongs to another commune) and the nighttime rumba corridor of Carrera 70 are located in this area.
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