If it is a good area for living I am assuming that it would be a great area for renting during my stay too. Is there any way to distinguish on Airbnb this area of Palermo Freud?
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Real Estate Sales Another micro-neighborhood of Buenos Aires' Palermo - Palermo Freud
- Thread starter BuySellBA
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Unlikely. Try searching Palermo Alto nearby which is more well known but even then airbnb doesn't give exact locations until after you book.
earlyretirement
Moderator
Yes FuturoBA makes a good suggestion to try searching for Alto Palermo Shopping and then going to the map view and you can see the surrounding area by properties available for your dates. Some of these newer neighborhoods in Palermo will take time to get more popular but then they will probably show up in the search bar on Airbnb eventually but a good feature is the Maps View and of course I always recommend filtering by SuperHosts for a great experience.
Betsy Ross
Well-known member
Many people claim that people buying in Puerto Madero and paying those prices are just laundering money. I don't know if that is true or not but no way in hell I would pay double to get an apartment vs. Palermo or Recoleta.
This one popped up in my feed for 111k in PH, new, 38m2 total, monoambiente w a cochera.
Digital Nomad
Well-known member
That's a great deal with the garage space but not sure if it is included as it says optional. I saw some descriptions that marketed a cochera in the listing but then when I asked they said it was extra. I saw this listing but it is too small for me. When I spoke to BuySellBA during my initial consultation they also told me that there are a ton of listings on Airbnb for studio or small one bedroom. They said that was the vast majority of the listings so they said there is a lot of competition at that end. I am trying to go bigger. I wish I could afford a 2 bedroom property but I can't get my parents to agree helping to finance that much.
But that property seems like a great and affordable option. Something like this in Miami or NYC would cost a fortune!
Spend Thrift
Well-known member
That place looks like the size of a coffin.
You may be right. That probably makes sense esp w new builds, I had no desire for a garage.
Makes it easier to clean 🙂 but different strokes for different folks
earlyretirement
Moderator
A decent area. You have to be aware of the potential noise from Juan B. Justo and the train tracks as noise can echo in that area. Not prime Palermo Hollywood but the entire area continues to gentrify.
Price per sq. meter is in line with what they are asking in that area. If a garage space was included that would be a great deal. Garage spaces in the area are getting pricey. @Digital Nomad is correct sometimes they will put in the listing it's included but then tell you it's optional. Lots of bait and switches on Zonaprop. The vast majority of Airbnb are studios or small 1 bedroom units so competition is high at those smaller sizes.
You have to understand most locals can't afford bigger places so all they can afford are studio units. So many developers over the past few years mostly only built smaller units that are fairly smaller. Then these locals furnish them fairly cheaply and then list them on Airbnb so there is a TON of competition on smaller places and especially studio units.
Bigger units have far less competition so ROI is usually higher on them as occupancy is better and prices are higher.
Vince
Well-known member
True! I joke with my wife that it would be much easier if we had a smaller place. Different people need different sizes. Some of us have kids and need more space.
The good thing here is maids are very affordable so many of us have maids that come daily and mostly cleaning over the same things they do each day. This is heading up but it is still very affordable here. My folks and my sister in NYC pay a fortune to have someone come once per week!
Wow that is a crazy cheap price!
fool in love
Well-known member
My girlfriend lives in this area and I enjoy it. It is more casual than over in Recoleta near the Park Hyatt hotel. I prefer that area but this is very central to most things.
GraceH
Well-known member
Maids are so crazy cheap here. They are only about $2 USD per hour here. Wish it was like this back home. For these prices you can have a mansion and never clean yourself.
I pay my maid 3,000 pesos per hour. I was paying her 2,000 last year but decided to bump it up as the cost of everything has gone up for her. It is actually not that easy to find a dependable maid here.
Darksider415
Well-known member
My first apartment in BA was on the edge of Villa Freud, and it was a pretty great area, and quiet then. I liked it, anyway.
BuySellBA
Administrator
Here is yet another article in the Buenos Aires newspapers talking about Palermo Freud. Our company always likes to stay ahead of the curve. We predicted last year in August 2023 that this was the next up-and-coming area. We spotted this trend earlier many years ago when we knew that Palermo Soho and Palermo Hollywood would be up-and-coming areas. We believe Palermo Freud is even better located and in the future real estate prices in this area should be some of the highest in Palermo.
We like this quote from Germán Gómez Picasso, director of Reporte Inmobiliario, who is the best source of real estate information in Buenos Aires. “ All the numbers indicate that those who bought six months ago made the best purchase in the universe,” says Gómez Picasso. This is exactly why @BuySellBA started heavily recommending for our investors to start investing in Buenos Aires again. We forecasted the bottom and we predicted that prices would head up. That is exactly what happened.
We like this quote from Germán Gómez Picasso, director of Reporte Inmobiliario, who is the best source of real estate information in Buenos Aires. “ All the numbers indicate that those who bought six months ago made the best purchase in the universe,” says Gómez Picasso. This is exactly why @BuySellBA started heavily recommending for our investors to start investing in Buenos Aires again. We forecasted the bottom and we predicted that prices would head up. That is exactly what happened.
Wow that is very affordable! Are maids easy to find if I get a long-term apartment? I asked the Airbnb owner and they said "maybe" theirs "might" be available but she was very busy cleaning the owner's home.
Thanks for the article. The Palais Salguero, that's my building, and right across from Plazoleta Guemes. I figured they won't be building towers there anytime soon to obstruct the views.Here is yet another article in the Buenos Aires newspapers talking about Palermo Freud. Our company always likes to stay ahead of the curve. We predicted last year in August 2023 that this was the next up-and-coming area. We spotted this trend earlier many years ago when we knew that Palermo Soho and Palermo Hollywood would be up-and-coming areas. We believe Palermo Freud is even better located and in the future real estate prices in this area should be some of the highest in Palermo.
We like this quote from Germán Gómez Picasso, director of Reporte Inmobiliario, who is the best source of real estate information in Buenos Aires. “ All the numbers indicate that those who bought six months ago made the best purchase in the universe,” says Gómez Picasso. This is exactly why @BuySellBA started heavily recommending for our investors to start investing in Buenos Aires again. We forecasted the bottom and we predicted that prices would head up. That is exactly what happened.
For anyone interested there's a micro-studio available
earlyretirement
Moderator
You did really great buying in this building @FuturoBA. Congrats. That is a wonderful area. That entire area is going to be very desirable in the next few years. I think from Scalabrini Ortiz-Santa Fe-Gallo-Gorriti is all going to explode with growth.
It's a super convenient area. Rentals in that area should be super desirable and as the area improves, you will see higher end restaurants, cafes, etc. moving to that area. As well it's super convenient as it's located to public transportation and lots of shopping.
You did good!
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