Almagro Suburb is the best buy in Buenos Aires today!
This post is also available in: Spanish
Almagro Suburb, by far, offers the best real estate opportunities today in Buenos Aires. It is one of the most traditional neighborhoods in the city, where your dollar, peso or euro buys you almost twice the square footage. And is most sought after by investors in the real estate market as well as by potential tenants and buyers, due to its proximity to the downtown area and low cost of living where it’s literally half that of trendier neighborhoods like Palermo, Puerto Madero and Recoleta.
The allure of Almagro is best described by saying…you can find any type of real investment you want from new construction, apartments in modern towers to distinguished older apartments. But the most sought after investments are the PH’s, an apartment with the attributes of a house. Typically built in the tango era of the 1930’s, they offer good quality construction, beautiful architectural style with very low expenses…thus making them difficult to find.
One of the main conditions buyers look for when buying a home is the location and means of transport, and Almagro is one of the most strategic points of the city. The variety of means of transport offered by the neighborhood and proximity to the economic and financial center of the city make this area one of the most demanded in the market.
Almagro, is also a traditional neighbourhood because it is a living stage of history with characters like Carlos Gardel and Osvaldo Pugliese, two great exponents of the tango. Currently, the district has a monument and tourist excursions to the home of musician Carlos Gardel, as well as the most important tango houses of the city. Besides tango, Almagro boasts a strong cultural flair with its arts and theater. All in all in a great investment for the savvy buyer.
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 and investment tours.