Buenos Aires Real Estate

When looking at housing prices, the value of each home is unique. The most important factors in determining the value of a house are the size and location of its lot and the quality of construction.  The same house on the opposite side of the street can be priced differently due to its immediate surroundings and the direction in which it faces the sun.  Housing prices also vary according to the neighborhood, its comfort features, the amount of free spaces it has and whether it has a pool, barbecue area, and a one or two car garage.   

The houses in greatest demand are those found in the more residential sectors within each neighborhood, nestled between other good quality homes. Proximity to transportation and schools and being close, but not too close, to a freeway are the other factors people favor.  

The housing market in premium neighborhoods is quite special. In the highly exclusive area of Barrio Parque (Palermo Chico), prices can vary in a wide range from USD $3000 to USD $4,500 per square meter.  

The pocket between Avenida Figueroa Alcorta, Juez Tedin and San Martín de Tours is the highest priced area of Buenos Aires.  There are no more than two hundred houses nestled in a park like setting.  The sale of these homes is more complex than an apartment; each house has its own style and there can be variations in how well the home has been maintained.  

An essential requirement in homes of this level is a spacious garden.  A garage is ideal; however, in the more exclusive areas residents have ample street parking available.  

In Barrio Parque and Gran Bourg the price of a lot is averaging USD $3,500 per square meter.  The costs of construction vary according to the quality of materials used, surface size and layout; however, costs range between USD $1,000 per square meter on the low end and USD $2,000 per square meter for higher quality.  

Those who sell their house in Barrio Parque are likely to move to a quality apartment in Recoleta.  The difference in price allows them to purchase a second apartment as rental property.  Those who buy a house in Barrio Parque obtain a luxury home with a spacious garden and pool in the highest valued area of Buenos Aires which will never lose its value.

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