South American Real Estate News

Recoleta: The Cultural and Residential Hot Spot of Buenos Aires

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Ever since the late 1800’s Recoleta has been Buenos Aires’ residential and touristic neighborhood of choice; home to private family mansions, foreign embassies, and luxury hotels.  Back in 1879 when Buenos Aires suffered a terrible cholera and yellow fever epidemics, the population of the city spread out to avoid the contagion. The underprivileged classes settled in the south-southwest of the city, while the wealthy families settled in the Recoleta area, where the height of the terrain reduced the presence of insects transmitting the diseases. These families built mansions and other notable res-2buildings in French architectural styles of the period.  Consequently, Buenos Aires has often been referred to as the “Paris of South America“. However, the name, Recoleta, comes from the Monastery of the Recollect Fathers, members of the Franciscan Order.

Recoleta today is still an area of great historical and architectural interest, mostly because of the Recoleta Cemetery; a top tourist destination  where you will find among hundreds of others, the resting place of Evita Peron.  Since Buenos Aires continues to hold the title of Latin America’s #1 tourist destination, not only will you find luxury hotels of old but many temporary rentals as well.  The history and style of this area is why property prices maintain their value over time and why Recoleta is a solid investment for residential and turnkey apartments.


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Post available in: English


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