Is it a Bubble or is it Bubbling?

If there's something journalists have been talking too much about lately that's the Real Estate Market situation.
A dispute between tenants, owners and real estate agencies gets on stage a reality fact: lesser flexibility in the credit offer for middle-class population has reduced the rates of homes acquisition by the segment, and risen the rentals demand and the rental costs in consequence.
Tabloids are already talking of a bubble, a similar tendence to the one that affects the european real estate markets since the last decade. Nevertheless, real estate experts insure there's a whole different situation here, which far away from being considered as a problem finds itself in a stable point or even better, an optimal moment.
The very peak of real estate investments options for outsiders, with all the incomes generated from the acquiring of apartments in new buildings and towers, along with the success of argentinean farmers in the last years specially due to the high profitability of soy exports; have consolidated the consume of highly valued real estate projects for upper class buyers in Buenos Aires.
In fact, Puerto Madero's fast expansion and the globalization of the market in other important areas of the city such as Recoleta, which are expanding themselves with new developments that introduce modern and luxury properties to their offer, give us the clue of a splendor moment in the Buenos Aires Real Estate market; where buyers take advange of the lower values on rising tendence to acquire their terrains or to make real estate investments in Buenos Aires.
This growth in the costs is expected to be lessened in the next months with a new government plan meant to provide new credits and financial plans for middle-class buyers, so tenants will have new options to purchase their own properties and that way rentals demand will retourn to stability, as long as new but less sophisticated developments would start to be constructed.
By now, Buenos Aires skies flaunt dazzling skycrapers that try to welcome new owners by reducing their expectations, inviting interested buyers from Argentina and beyond.