Real Estate Sales Great New Construction For Sale that is going to be Completed by August 2024 - Meet Palermo

[Mitch]

These look really nice. Property prices have come down the past several years! I last looked in 2019 and it was a hell of a lot more expensive then!

 

[Digital Nomad]

I looked in that building and liked it but there are no more 2 bedroom units available! I want to get at least 2 bedrooms as I heard that is better for Airbnb rentals. I see this same builder is doing this project called Alma. Has anyone purchased in that development? If so, can you post about your experiences? There are only two 2 bedrooms left.

ALMA PALERMO Medrano 1244

G&D Developers es una empresa desarrolladora de productos inmobiliarios fundada en la Ciudad de Buenos Aires, Argentina, en 1982. Han construido y desarrollado desde entonces más de 50 emprendimientos inmobiliarios, superando los 400.000 m2 en la Argentina, Estados Unidos y Uruguay. Los...

www.gddevelopers.com

 

[BuySellBA]

I looked in that building and liked it but there are no more 2 bedroom units available! I want to get at least 2 bedrooms as I heard that is better for Airbnb rentals. I see this same builder is doing this project called Alma. Has anyone purchased in that development? If so, can you post about your experiences? There are only two 2 bedrooms left.

ALMA PALERMO Medrano 1244

G&D Developers es una empresa desarrolladora de productos inmobiliarios fundada en la Ciudad de Buenos Aires, Argentina, en 1982. Han construido y desarrollado desde entonces más de 50 emprendimientos inmobiliarios, superando los 400.000 m2 en la Argentina, Estados Unidos y Uruguay. Los...

www.gddevelopers.com

All the 2 bedrooms are sold out in Meet Palermo. There are only a few apartments left but they are all studio units and 1 bedroom resale. GyD Developers is a very trusted builder so if you're looking at their other project, they are a solid builder.

 

[Todd]

All the 2 bedrooms are sold out in Meet Palermo. There are only a few apartments left but they are all studio units and 1 bedroom resale. GyD Developers is a very trusted builder so if you're looking at their other project, they are a solid builder.

How big were the 2 bedrooms in this building? I looked but no more larger apartments for sale. Only smaller studio apartments. I don't see many larger 2 bedroom apartments. In many projects it is just tiny studio apartments. Why is that?

 

[Jenn]

Haha, I bought a small unit in Palermo Uno, piso 22, 'en pozo' through BuySellBA in 2007/8. Still have it and use it 4-5 months per year since my retirement. The rest of the year it's rented. Very easy to rent; according to guests: 1. location 2. view 3. gym 4. pool. More or less as Michael told me 15 years ago!
Considering the location, the new building will be brilliant for rentals. I stayed this year a few days in an apartment in a brand new building fully dedicated to AirBnb short term rentals. Clean, quite spacious, fully equipped etc, but crazy cheap (usd 28/day). Cheap and not well rented....My conclusion: wrong location (next to Tunnel del Libertador). Location is still king.

@Post-it can I ask what you paid for that apartment back in 2007? How many days a month does it get rented?

 

[BuySellBA]

How big were the 2 bedrooms in this building? I looked but no more larger apartments for sale. Only smaller studio apartments. I don't see many larger 2 bedroom apartments. In many projects it is just tiny studio apartments. Why is that?

Hi @Todd there are no more 2 bedrooms for sale in that building. The 2 bedrooms are 75 sq. feet or 807 sq. feet. A very decent size for rentals. The last several years most projects mostly have been smaller one bedrooms or especially studio apartments as the market was very slow the past 5 years and only picked up again after Milei won the election. Now it is getting busier and the bigger apartments are popular again as locals and foreigners are buying bigger properties. But you will notice many recently completed buildings are mostly smaller units.

 

[tootsi]

Haha, I bought a small unit in Palermo Uno, piso 22, 'en pozo' through BuySellBA in 2007/8. Still have it and use it 4-5 months per year since my retirement. The rest of the year it's rented. Very easy to rent; according to guests: 1. location 2. view 3. gym 4. pool. More or less as Michael told me 15 years ago!
Considering the location, the new building will be brilliant for rentals. I stayed this year a few days in an apartment in a brand new building fully dedicated to AirBnb short term rentals. Clean, quite spacious, fully equipped etc, but crazy cheap (usd 28/day). Cheap and not well rented....My conclusion: wrong location (next to Tunnel del Libertador). Location is still king.

Wow that would be cool to have a 22nd floor apartment. The view must be great! Do you know @Post-it if there are any units for sale in your building?

Or in this building MEET PALERMO are there any more units for sale?

 

[Johnny]

Wow that would be cool to have a 22nd floor apartment. The view must be great! Do you know @Post-it if there are any units for sale in your building?

Or in this building MEET PALERMO are there any more units for sale?

This was the building that I bought my penthouse unit. I was told they all sold out in this building. Some owners might flip their units. They were originally supposed to be done the end of this month or beginning of September but they are a few months behind so I hope by end of October this building will be done.

 

[CraigM]

This was the building that I bought my penthouse unit. I was told they all sold out in this building. Some owners might flip their units. They were originally supposed to be done the end of this month or beginning of September but they are a few months behind so I hope by end of October this building will be done.

I met with the builder a couple of weeks ago, all they had left was a 1br on a low floor and a studio on high floor

 

[Digital Nomad]

I met with the builder a couple of weeks ago, all they had left was a 1br on a low floor and a studio on high floor

Yes I visited this property and they only had a really small unit available. There was only 1 left when I visited it. I love that location. I want at least a one bedroom apartment with a balcony.

 

[Digital Nomad]

@Johnny did you get your apartment yet? How did it turn out?

 

[Johnny]

@Johnny did you get your apartment yet? How did it turn out?

Hey @Digital Nomad! I just did get possession of my apartment and furnishing it now. It turned out great. Once I have my Airbnb listing up I will send it to you. I got in at a great time. I feel lucky. I wanted to wait until January to buy another place as I am coming to Buenos Aires again to check out my property and stay in it and was going to look at other properties. I want to buy a few more.

I ended up buying in a pozo development that is just breaking ground now in Palermo Hollywood. Great area. I bought a 2 bedroom condo as I wanted a bigger place in case my family comes down too. It will take about 3 years to build.

 

[Canada Goose]

Hey @Digital Nomad! I just did get possession of my apartment and furnishing it now. It turned out great. Once I have my Airbnb listing up I will send it to you. I got in at a great time. I feel lucky. I wanted to wait until January to buy another place as I am coming to Buenos Aires again to check out my property and stay in it and was going to look at other properties. I want to buy a few more.

I ended up buying in a pozo development that is just breaking ground now in Palermo Hollywood. Great area. I bought a 2 bedroom condo as I wanted a bigger place in case my family comes down too. It will take about 3 years to build.

Congratulations Johnny. I bought a 2 bedroom condo in this building and would have liked to have kept it but my mom died suddenly after I got back home last year. I had so much to deal with and decided to postpone my move down to BA. I bought at a good time and was able to sell my apartment for about 22% higher than what I paid for it. I hired Buysellba to both purchase it and also to sell it for me. I didn't have to be in BA for any of it. Very easy to work with.

@Johnny can you share details of the new apartment that you bought in Palermo Hollywood? I liked that area the most. If you can DM me details that one might make more sense for me on the timing. Could you pay for it outside of Argentina like Meet Palermo?

 

[Johnny]

Congratulations Johnny. I bought a 2 bedroom condo in this building and would have liked to have kept it but my mom died suddenly after I got back home last year. I had so much to deal with and decided to postpone my move down to BA. I bought at a good time and was able to sell my apartment for about 22% higher than what I paid for it. I hired Buysellba to both purchase it and also to sell it for me. I didn't have to be in BA for any of it. Very easy to work with.

@Johnny can you share details of the new apartment that you bought in Palermo Hollywood? I liked that area the most. If you can DM me details that one might make more sense for me on the timing. Could you pay for it outside of Argentina like Meet Palermo?

So sorry to hear about your mother! Always tough. The same happened to me last year with my father. Very tough.. Hang in there.

I will send you a DM @Canada Goose but it is the same developer from Meet Palermo. I think an even better location. They are just breaking ground now. Congrats on the flip! I was also given that option. My neighbor has been trying to buy my place since I bought it. I also offered him the same deal to buy his. I even offered him 40% more but he bought for his daughter. He wanted a place next to her. Amazing how quickly the values came up!

They told me that if I want to flip my new building I can at any time. Did you just pay the 1% fee to the developer for that? I will send you a DM.

Yes, I paid for my 2nd apartment outside of Argentina. I wired to New Zealand in USD. I didn't have to pay any wire transfer fees at all. I think a few others on this forum purchased in the same building. It's already half sold out and they are just breaking ground now. Most builders aren't accepting dollars for the secondary payments but I got a deal negotiated to pay all in US dollars and they locked in the price for me. Great deal!

 

[Johnny]

An update on my first apartment. I am very very happy with how my apartment turned out. I want to thank @earlyretirement and @BuySellBA for all their advice and assistance with helping me buy my apartment and also furnishing it for me. I worked with their interior designer and everything turned out better than I imagined. They told me they couldn't promise me any specific ROI but I have been renting out my apartment a few months now and the ROI is much better than they forecasted. It has been rented out consistently and the feedback has been great.

Here are a few photos of my apartment. I ended up buying a 2nd apartment that they just broke ground on last month. It will take a few years to finish but the values on that property have already gone up since purchasing it. I mostly bought for cash flow in addition to capital appreciation. The value of my Meet Palermo has gone up significantly since I purchased it back in 2023.

Everything turned out exactly as BuySellBA told me it would.

 

[Betsy Ross]

Wow @Johnny congratulations. It turned out beautiful. Is that balcony all your apartment? It looks very big. Your view looks incredible. It is rare to get unobstructed views like that in BA. It looks very modern. Looks like you have a lot of sunlight which I love. Fabulous.

 

[Jenn]

An update on my first apartment. I am very very happy with how my apartment turned out. I want to thank @earlyretirement and @BuySellBA for all their advice and assistance with helping me buy my apartment and also furnishing it for me. I worked with their interior designer and everything turned out better than I imagined. They told me they couldn't promise me any specific ROI but I have been renting out my apartment a few months now and the ROI is much better than they forecasted. It has been rented out consistently and the feedback has been great.

Here are a few photos of my apartment. I ended up buying a 2nd apartment that they just broke ground on last month. It will take a few years to finish but the values on that property have already gone up since purchasing it. I mostly bought for cash flow in addition to capital appreciation. The value of my Meet Palermo has gone up significantly since I purchased it back in 2023.

Everything turned out exactly as BuySellBA told me it would.

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An update on my first apartment. I am very very happy with how my apartment turned out. I want to thank @earlyretirement and @BuySellBA for all their advice and assistance with helping me buy my apartment and also furnishing it for me. I worked with their interior designer and everything turned out better than I imagined. They told me they couldn't promise me any specific ROI but I have been renting out my apartment a few months now and the ROI is much better than they forecasted. It has been rented out consistently and the feedback has been great.

Here are a few photos of my apartment. I ended up buying a 2nd apartment that they just broke ground on last month. It will take a few years to finish but the values on that property have already gone up since purchasing it. I mostly bought for cash flow in addition to capital appreciation. The value of my Meet Palermo has gone up significantly since I purchased it back in 2023.

Everything turned out exactly as BuySellBA told me it would.

Wow. I LOVE the look of your apartment. Is it on Airbnb? Can you post the link or can you DM me it? I love the look of it. Can I ask what the monthly expenses are in something like this?

 

[earlyretirement]

An update on my first apartment. I am very very happy with how my apartment turned out. I want to thank @earlyretirement and @BuySellBA for all their advice and assistance with helping me buy my apartment and also furnishing it for me. I worked with their interior designer and everything turned out better than I imagined. They told me they couldn't promise me any specific ROI but I have been renting out my apartment a few months now and the ROI is much better than they forecasted. It has been rented out consistently and the feedback has been great.

Thanks Johnny for the kind words. Your place turned out fabulous. I'm glad you purchased the penthouse. You will have a lot of capital appreciation. I'm very pleased with how all the units turned out in the building. We will celebrate the next time you're in BA.

 

[Wally]

Fabulous @Johnny. You happened to get in at a good time. Prices were low when you bought but have been going up. Are you doing short term or long term rentals?

 

[VINO]

Haha, I bought a small unit in Palermo Uno, piso 22, 'en pozo' through BuySellBA in 2007/8. Still have it and use it 4-5 months per year since my retirement. The rest of the year it's rented. Very easy to rent; according to guests: 1. location 2. view 3. gym 4. pool. More or less as Michael told me 15 years ago!
Considering the location, the new building will be brilliant for rentals. I stayed this year a few days in an apartment in a brand new building fully dedicated to AirBnb short term rentals. Clean, quite spacious, fully equipped etc, but crazy cheap (usd 28/day). Cheap and not well rented....My conclusion: wrong location (next to Tunnel del Libertador). Location is still king.

I love Palermo Uno! I believe it's mostly all short-term rentals. I rented in that building for a few months. The views are some of the best in BA. Location is essential for me. I like being close to a subway and very central. Palermo Uno was great for that.

This building also is great. I love that area near Alto Palermo shopping mall.

I worked with their interior designer and everything turned out better than I imagined

The place looks beautiful. @Johnny what did you spend furnishing it? You can PM me if you don't want to post. I found furniture extremely expensive in BA. I like the look of this and would also love the link to book it.