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Recoleta: The Cultural and Residential Hot Spot of Buenos Aires

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…

GTSA expects a rebound in Real Estate prices later in 2014 in Buenos Aires

The real estate industry has experienced some of its most difficult years in Buenos Aires but we expect predict growth and an increase in prices late in 2014 and early 2015. Why ? – An increase in activity in the surrounding region, Buenos Aires Province,  favouring  the lower price range of U.S. $ 65,000 to US 120,000 which accounted for 92% of the sales. The restrictive foreign currency controls and lack of confidence in the current government were the main reasons for the frozen market in the city.…