The location, location, location still carries weight. A report revealed that the choice of where to live is one of the aspects that customers most evaluate when buying a home. Its proximity to points of interest, public transport and gastronomic and cultural offer are some of the most appreciated criteria that value the property. Despite the pandemic trend of moving to green, The City of Buenos Aires continues to be a target for property searches to the point that concentrates 40% of queries above the AMBA average, according to proptech Mudafy.
The platform that offers properties in this area developed the top of the five most sought after neighborhoods to buy in the streets of Buenos Aires. Their positioning is usually associated with their educational offer, accessibility, number of green and cultural spaces .
The neighborhood most consulted by buyers is Palermo, according to the proptech Mudafy. “The neighborhood of a thousand faces” has different facets, each one with a different proposal of activities for all ages. Depending on the platform, the average price of square meter there is US$3053. In the last month, the information published by the Zonaprop real estate monitor showed that Palermo was positioned as the second most expensive neighborhood in the entire City of Buenos Aires to buy a brand new home (in that survey it was indicated that the brand new square meter defended US$3,295/m² and the used one, US$2,956/m²), preceded by the most expensive of all: Puerto Madero
The second place is occupied by wheelie, the neighborhood located geographically in the center of the City of Buenos Aires. It stands out mainly for its growing gastronomic pole and increases its attractiveness due to the accesses to the highway, green spaces, educational offer and the commercial sector on Rivadavia Avenue. The higher prices are found in arteries such as Directory or on Pedro Goyena where the square meter varies between US$3,000 and US$3,500. Instead, in the surrounding streets to this last avenue the values can descend at US$2,600 with a ceiling of US$3,000 depending on the amenities of the building in question.
Almagro completes the podium in third place and is defined by its traditional profile. The roots related to tango fly over the classic porteño cafes in the town where the square meter of sales is positioned in US$1734.
In fourth place appears Flores, with the cheapest square meter of sales in the ranking that averages the US$1609,. Complete the top 5 the exclusive neighborhood of Recoleta, known for its fine architecture accompanied by gardens and squares, and where the square meter is offered at an average of US$2106. This value is the closest to the average price of the City, which according to Zonaprop is US$2,354 per m². In tune with his fifth place on the list, Recoleta is also the fifth most expensive neighborhood in the City according to data from Zonaprop, since it follows Puerto Madero, Palermo, Belgrano and Núñez.