Buenos Aires leads the ranking of most expensive neighborhoods in Latin America

The value per square meter in the Puerto Madero neighborhood of the Argentine capital is US$6,000, almost double the average for the region.

RIO DE JANEIRO, BRAZIL - Despite the slowdown in property sales, Buenos Aires has the neighborhood with the most expensive square meter in the region.

According to a report by Property, the trans-Andean real estate search site, Puerto Madero retains the number one position in the list of exclusive neighborhoods with an average price per square meter (m2) of US$6,002. In second and third place are Vitacura (Santiago de Chile) and Ipanema (Rio de Janeiro), with average values of US$3,800.

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