San Telmo – The new “It” Barrio?
San Telmo has been long been regarded as the bohemian heart of the city, oozing with character and charm not to mention that the barrio is the home of Tango and the world famous antique market. However, the area has always been regarded as a little scruffy and undesirable.
For many years developers and investors alike have been speculating that San Telmo will become the new Soho due to the fact that many of the bohemian pioneers that made Soho what it is today have now been priced out of the market and are looking for cheaper options for store leases and accommodation.
Year after year one can notice the barrio undergoing significant urban gentrification, this coupled with the neighborhood’s proximity to Puerto Madero and the CBD not to mention excellent value per M2 is making people think twice about the area.
With the Paseo de Bajo due to open this year one can expect this suburb to benefit even more from the improved transport infrastructure.
The main attractions for investors are the beautiful neo-colonial buildings that one can purchase for a fraction of the price compared with Recoleta and that a growing number of visitors are opting to rent accommodation in the barrio giving buyers a steady return on investment.
A luxury apartment near the square has come up for sale, that was featured in the New York Times when it was recognized as one of the finest neo-colonial redevelopments in the country. The property was carefully redeveloped and features finishes that one could expect to find in any world-class residence.
Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition.