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Living facing history: how much does it cost to buy or rent in front of an iconic palace or building in Buenos Aires
Source:
www.infobae.com
August 12, 2024
By Jose Luis Cieri
View from an apartment currently on the market on Lavalle Square and the Teatro Colón in the San Nicolás neighborhood, the home is worth USD 188,000 for sale (Photo Courtesy: Estudio 3R)
When talking about views, people usually imagine natural landscapes, such as squares, gardens or riverfronts or windows in towers with panoramic views of the sky and the horizon. But there are those who prefer views of buildings with heritage or architectural value, which connect with the history and cultural wealth of Buenos Aires.
These properties offer a unique urban experience, standing out within the city's premium real estate market, known for its architectural diversity and rich history.
For example, a building on Luis María Campos, opposite the General San Martín Horse Grenadier Regiment, in the Viennese Secession style, which is a National Historic Monument, offers views that change with the light throughout the day, providing a unique spectacle.
Martín Pinus , of Martín Pinus Real Estate, told Infobae that demand for these properties has increased and raised their value by up to 30% for purchase and rental. “The views of historic buildings offer a different urban experience, connecting the resident with the culture of Buenos Aires,” he said.
Many people find that views of buildings with a specific architectural style enrich their daily lives, inspire and create an immersive experience, as if they were living somewhere else, but at home. In CABA there are centuries-old buildings with European hallmarks that enhance the urban landscape, unique on the continent.
Overlooking the Grenadier Regiment in the Palermo neighborhood
Pinus stressed that European architecture not only beautifies the view, but also enriches the living experience. In times of home office, having an inspiring view can improve the quality of life. Views of historic buildings arouse feelings of nostalgia and comfort, he stressed. In particular, European-style architecture creates an elegant and attractive environment for those who appreciate these views.
Gabriela Cosovschi , from Commercial Real Estate, highlighted the historical value of buildings that became heritage treasures.
“The Estrugamou Palace is one of the best examples of architecture from the first half of the 20th century. Likewise, the Los Patos Palace reflects the dominant influences in architecture and the tastes of the upper class of Buenos Aires. These buildings not only have aesthetic and architectural value, but they also tell stories and keep memories alive,” he told Infobae.
Ambience overlooking the Estrugamou Palace, in Retiro
Often, the most sought-after option is a balcony overlooking green spaces or boulevards, valued for the openness they offer, giving a feeling of greater height.
“Having a view of English, French or Italian style buildings can have a positive impact on quality of life. There are studies that indicate that the view from your window can improve concentration and reduce stress. The sense of belonging is crucial in the spaces where we live,” said Francisco Bosch , from Miranda Bosch Real Estate & Art.
The corner of Cabello and República Árabe Siria in Palermo transports passersby and locals to a corner of London
Bosch noted that this audience includes senior executives, businesspeople, international investors, and architecture and history lovers who are looking for a special connection with the cultural heritage of Buenos Aires.
View towards the interior of the Palace of the Ducks in Ugarteche at 3000
“Prices can generally start in the range of USD 2,800 per square meter and reach much higher figures for properties offering exclusive panoramic views or particularly coveted locations,” Bosch said.
For example, in front of “La Colorada” in Palermo, a two-bedroom apartment costs from USD 310,000, and the rent for a three-bedroom apartment is around one million pesos per month. In front of the Estrugamou Palace in Retiro, prices start at USD 275,000 for purchase and $700,000 for rent.
On Recoleta Island, a two-bedroom apartment costs more than USD 300,000 and for rent, $680,000 per month. On avenues such as Figueroa Alcorta or Del Libertador, prices rise by 20 percent.
Towards the charming Malaysia Passage
On Figueroa Alcorta or Del Libertador avenues, these values rise 20% more for the starting point of the quotes.
In other areas such as Villa Devoto, where there are also iconic buildings, prices are 35% lower than those in Palermo Chico (Barrio Parque) or Belgrano (especially the Barrancas area).
The Estrugamou and its French touch present on the façade
In Palermo, near what was once the Zoo, the Goose and Duck Palaces, separated by a block, the price of buying a two-bedroom apartment close to these icons starts at USD 270,000, and renting a one-bedroom apartment exceeds $450,000 per month.
The Palace of the Geese on Las Heras Avenue and Ugarteche
Pinus indicated that for those looking to make the property their home, elements such as style, design and quality of materials can be mutually exclusive. “The number of bedrooms and the distribution of space on the floor are also important, as well as the luminosity and amenities that offer additional services without leaving the building.”
With direct focus on 9 de Julio Avenue
Proximity to workplaces, schools, and ease of access are also critical variables.
“In addition, the atmosphere of the neighborhood, with its cafés, culinary offerings, and cultural and recreational activities, can be a decisive factor when choosing a place to live. These factors contribute to creating a comfortable and attractive environment that improves the quality of life of residents,” Bosch concluded.
www.buysellba.com
Source:
Vivir de cara a la historia: cuánto vale comprar o alquilar frente a un palacio o edificio icónico porteño
La valuación de una propiedad aledaña a las construcciones más emblemáticas puede costar hasta 30% más. ¿Qué demanda tienen estas unidades con vistas únicas y en qué zonas se pueden encontrar?
www.infobae.com
August 12, 2024
By Jose Luis Cieri
View from an apartment currently on the market on Lavalle Square and the Teatro Colón in the San Nicolás neighborhood, the home is worth USD 188,000 for sale (Photo Courtesy: Estudio 3R)
When talking about views, people usually imagine natural landscapes, such as squares, gardens or riverfronts or windows in towers with panoramic views of the sky and the horizon. But there are those who prefer views of buildings with heritage or architectural value, which connect with the history and cultural wealth of Buenos Aires.
These properties offer a unique urban experience, standing out within the city's premium real estate market, known for its architectural diversity and rich history.
For example, a building on Luis María Campos, opposite the General San Martín Horse Grenadier Regiment, in the Viennese Secession style, which is a National Historic Monument, offers views that change with the light throughout the day, providing a unique spectacle.
Martín Pinus , of Martín Pinus Real Estate, told Infobae that demand for these properties has increased and raised their value by up to 30% for purchase and rental. “The views of historic buildings offer a different urban experience, connecting the resident with the culture of Buenos Aires,” he said.
Many people find that views of buildings with a specific architectural style enrich their daily lives, inspire and create an immersive experience, as if they were living somewhere else, but at home. In CABA there are centuries-old buildings with European hallmarks that enhance the urban landscape, unique on the continent.
Overlooking the Grenadier Regiment in the Palermo neighborhood
Pinus stressed that European architecture not only beautifies the view, but also enriches the living experience. In times of home office, having an inspiring view can improve the quality of life. Views of historic buildings arouse feelings of nostalgia and comfort, he stressed. In particular, European-style architecture creates an elegant and attractive environment for those who appreciate these views.
Gabriela Cosovschi , from Commercial Real Estate, highlighted the historical value of buildings that became heritage treasures.
“The Estrugamou Palace is one of the best examples of architecture from the first half of the 20th century. Likewise, the Los Patos Palace reflects the dominant influences in architecture and the tastes of the upper class of Buenos Aires. These buildings not only have aesthetic and architectural value, but they also tell stories and keep memories alive,” he told Infobae.
Ambience overlooking the Estrugamou Palace, in Retiro
Often, the most sought-after option is a balcony overlooking green spaces or boulevards, valued for the openness they offer, giving a feeling of greater height.
“Having a view of English, French or Italian style buildings can have a positive impact on quality of life. There are studies that indicate that the view from your window can improve concentration and reduce stress. The sense of belonging is crucial in the spaces where we live,” said Francisco Bosch , from Miranda Bosch Real Estate & Art.
The corner of Cabello and República Árabe Siria in Palermo transports passersby and locals to a corner of London
Bullish valuation and demand
Views of iconic buildings are attractive and in demand, and they influence the appraisal of a property. Depending on the segment, the view can increase the appraisal by 20 to 30 percent. According to Cosovschi, the view of these icons increases the value of the property.Bosch noted that this audience includes senior executives, businesspeople, international investors, and architecture and history lovers who are looking for a special connection with the cultural heritage of Buenos Aires.
Values
Prices for apartments with views of iconic buildings vary depending on the location and features of the property. The price range for apartments with views of iconic buildings can vary greatly, depending on the exact location, the size of the apartment and the specific features of the property.
View towards the interior of the Palace of the Ducks in Ugarteche at 3000
“Prices can generally start in the range of USD 2,800 per square meter and reach much higher figures for properties offering exclusive panoramic views or particularly coveted locations,” Bosch said.
For example, in front of “La Colorada” in Palermo, a two-bedroom apartment costs from USD 310,000, and the rent for a three-bedroom apartment is around one million pesos per month. In front of the Estrugamou Palace in Retiro, prices start at USD 275,000 for purchase and $700,000 for rent.
On Recoleta Island, a two-bedroom apartment costs more than USD 300,000 and for rent, $680,000 per month. On avenues such as Figueroa Alcorta or Del Libertador, prices rise by 20 percent.
Towards the charming Malaysia Passage
On Figueroa Alcorta or Del Libertador avenues, these values rise 20% more for the starting point of the quotes.
In other areas such as Villa Devoto, where there are also iconic buildings, prices are 35% lower than those in Palermo Chico (Barrio Parque) or Belgrano (especially the Barrancas area).
The Estrugamou and its French touch present on the façade
In Palermo, near what was once the Zoo, the Goose and Duck Palaces, separated by a block, the price of buying a two-bedroom apartment close to these icons starts at USD 270,000, and renting a one-bedroom apartment exceeds $450,000 per month.
Other factors
When choosing a property in Buenos Aires, in addition to the views, it is essential to consider other factors that can influence the purchase decision. Priorities vary depending on the interests, needs and lifestyles of each person or family group, or if you are an investor.
The Palace of the Geese on Las Heras Avenue and Ugarteche
Pinus indicated that for those looking to make the property their home, elements such as style, design and quality of materials can be mutually exclusive. “The number of bedrooms and the distribution of space on the floor are also important, as well as the luminosity and amenities that offer additional services without leaving the building.”
With direct focus on 9 de Julio Avenue
Proximity to workplaces, schools, and ease of access are also critical variables.
“In addition, the atmosphere of the neighborhood, with its cafés, culinary offerings, and cultural and recreational activities, can be a decisive factor when choosing a place to live. These factors contribute to creating a comfortable and attractive environment that improves the quality of life of residents,” Bosch concluded.
www.buysellba.com
