Inflation may have gone slightly down since it peaked in April this year (the highest rate in 14 years), but the average price of a standard, used apartment in the City of Buenos Aires reached an all-time high this month, at US $1,945.60 per square meter, according to consulting firm Reporte Inmobiliario. In the capital as a whole, the value of one square meter of an apartment has increased by 119.72 percent over the last 10 years. Apartments in the posh neighborhood of Recoleta took the cake, with a price tag of US $2,850, followed closely by Barrio Norte, Retiro and Palermo. Constitución, on the other hand, has the lowest average of all neighborhoods at US $1,515 per square meter. But whereas rents used to be adjusted on a yearly basis, now they’re adjusted every six months.”

Source: The Bubble August 17, 2016 15:33 UTC