Buenos Aires Property Boom

Argentina’s capital and the most European city in South America, Buenos Aires, is seeing a boom in property prices and a recovery to pre crash prices. Today’s Guardian has a  report on the reasons for the city’s upturn:

"Lots of foreigners, for example, are interested in purchasing in off-beat districts like San Telmo and Barracas, where there are still some real bargains. Right now, Palermo Viejo is the really hot place to buy." Once home to writer Luis Borges, Palermo Viejo’s bohemian feel has given way to a seriously trendy vibe in recent years. Its cobbled streets are now awash with fashionable boutiques, ultra-cool bars and multiple ‘for-sale’ signs."

Much of this won’t surprise PSFK readers as we’ve covered this very cool city heavily in the last year:

The Fairs and Markets of Buenos Aires
JC’s Buenos Aires Report
Buenos Aires City Report