Puerto Madero, Buenos Aires, Argentina
Puerto Madero, the youngest neighborhood in Buenos Aires, stands as the most expensive residential area in South America. This waterfront district offers a mix of luxury residential towers and high-end amenities. The average price per square meter is around USD 5,400, driven by its modern urban planning, proximity to the river, and vibrant nightlife. Apartments range from USD 200,000 for smaller units to nearly USD 7,000,000 for penthouses. The area attracts both local and international buyers due to its advanced technology features, including electronic locks and automated lighting, as well as its secure environment and diverse gastronomic options.
Ipanema, Rio de Janeiro, Brazil
Ipanema is one of Rio de Janeiro’s most iconic and expensive neighborhoods, with an average price of USD 4,008 per square meter. Known for its stunning beachfront location, Ipanema offers luxurious living with high-end apartments, exclusive boutiques, and gourmet restaurants. The neighborhood’s real estate market benefits from its international reputation, beautiful scenery, and vibrant cultural scene, attracting wealthy buyers seeking a premium coastal lifestyle.
Vitacura, Santiago, Chile
Vitacura, an upscale neighborhood in Santiago, features a blend of modern living and green spaces. The average price per square meter ranges from USD 3,300 to USD 3,800. Residents enjoy access to luxury shops, top-tier schools, and excellent healthcare facilities. The district is renowned for its safety, high quality of life, and beautiful parks, making it a preferred choice for affluent families and expatriates.
Carrasco, Montevideo, Uruguay
Carrasco is Montevideo’s most prestigious coastal neighborhood, offering tranquility and exclusivity. Property prices average between USD 3,300 and USD 3,800 per square meter. The area is characterized by large homes, lush gardens, and proximity to the beach. Carrasco’s appeal lies in its serene environment, high-end amenities, and strong community feel, making it a top choice for wealthy residents seeking a luxurious and peaceful lifestyle.
Vila Nova Conceição, São Paulo, Brazil
Vila Nova Conceição is an elite residential area in São Paulo with property prices averaging between USD 3,300 and USD 3,800 per square meter. Known for its high-rise apartments, luxury boutiques, and fine dining, the neighborhood attracts affluent professionals and families. Its central location, excellent schools, and vibrant cultural scene make it one of the most desirable districts in São Paulo.
Recoleta, Buenos Aires, Argentina
Recoleta is a historic and affluent neighborhood in Buenos Aires, characterized by its Parisian-style architecture and cultural landmarks. The average price per square meter is around USD 3,500. Recoleta is home to high-end shops, prestigious schools, and renowned cultural institutions such as the Recoleta Cemetery and the National Museum of Fine Arts. Its elegant streets, beautiful parks, and premium real estate make it a top choice for wealthy residents.
San Isidro, Lima, Peru
San Isidro is Lima’s financial and residential hub, with property prices averaging USD 3,500 per square meter. The district is known for its embassies, luxurious residences, and green spaces such as the El Olivar Park. San Isidro offers a high quality of life with excellent schools, top-notch healthcare, and exclusive amenities, making it a preferred location for affluent Peruvians and expatriates.
El Poblado, Medellín, Colombia
El Poblado is Medellín’s most prestigious neighborhood, with real estate prices experiencing a significant increase of 40%, averaging around USD 3,000 per square meter. The area is known for its upscale apartments, vibrant nightlife, and excellent dining options. El Poblado’s appeal lies in its modern infrastructure, safety, and stunning views of the city, making it a prime destination for wealthy locals and international buyers.
Savassi, Belo Horizonte, Brazil
Savassi is an elite residential and commercial neighborhood in Belo Horizonte, with property prices averaging USD 2,800 per square meter. Known for its lively atmosphere, Savassi offers a mix of luxury apartments, high-end shops, and gourmet restaurants. The neighborhood’s central location, vibrant cultural scene, and excellent amenities make it a top choice for affluent residents.
Chicó, Bogotá, Colombia
Chicó is an elite neighborhood in Bogotá, experiencing a 24% increase in property prices, averaging around USD 2,500 per square meter. The area is known for its luxury apartments, high-end shops, and fine dining. Chicó’s central location, excellent schools, and vibrant cultural scene make it one of the most desirable districts in Bogotá.
Las Malvinas, Rosario, Argentina
Las Malvinas is a prestigious neighborhood in Rosario with property prices averaging USD 2,119 per square meter. The area is known for its upscale homes, modern amenities, and proximity to top schools. Las Malvinas’ appeal lies in its serene environment, high quality of life, and strong community feel, making it a favored destination for affluent families.
This article originally appeared on Rarest.org.
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