Palermo Hollywood

"The latest cultural trend is to be unique. To be part of the exquisite VIP section of society lays on the fact that those who belong are not mass manufactured, not mass consumers, but elite consumers, one of a kind people. The outside appearance of a celebrity cannot be now purchased at a department store, for they customize their look, their style, themselves. This is a fact, you can find about it in any magazine, watch it on TV, or even see it on first hand on the streets of any mayor city in the world." Bob Frassinetti, Art Dealer & Journalist, in his article about Palermo Hollywood & Soho.

Having one of the largest extensions in the city, Palermo Neighborhood may be the most diverse and versatile district of Buenos Aires, as pedestrians can see when walking across its wooded roads.
In fact, so varied are its attractives that throughout time locals and visitors ended to find new ways to name it, inspired in the activities and particular characteristics of each area within. Towards the end of 90's, as coming out of a revolution against the traditional profile of near neighbors like Barrio Norte, Recoleta and Belgrano, it lighted up the colorful and always awake district of Palermo Hollywood.

The area surounded by Santa Fe Av, Juan B. Justo, Dorrego and Niceto Vega St. appeared ideal for the placement of Cinema and TV producers & Studios, stamping the famous name. The main motive driving these investments was the high amount of available buildings in a devaluated area with lack of facilities and popularity at that time. Along with that, a great advantage was its nearness to the city center and the most important neighborhoods and traffic ways. Yet since market activation, it became very popular for artists and trendy people who fed up the streets and facilities in bloom.

Nowadays Palermo Hollywood has one of the most interesting offers in matter of culture and vanguard. Streets are dressed with fashion shops and famous hairdresser's, trendy restaurants and day bars. At night the neighborhood shines with tens of theme bars and nightclubs with modern music, who compete subtlety for the award of the most innovative proposal.
The name might have been given randomly by an annonymous at the ears of the murmuring crowd. Ever since that Palermo Hollywood flaunts its own personality, and loyal to its social origin shares with the new visitors and neighbors the responsability of maintaning the pioneer and defiant attitude.

This way, it's also one of the favourite areas for architects and building firms to develope large-scale Real Estate proyects focused on the aim of standing out of the line and gain its special bright in the blocks of the Buenos Aires milky way. The offer for Real State in Buenos Aires located in Palermo Hollywood is made of tens of brand new buildings and more projects in development. All of them take the best of the wide spaces conceded for construction to extend the amount of amenities in their crusade to differ in the Argentina Real Estate market.

Buildings in this zone are interesting as investment oportunities from two point of views: first there are planned developments enough to expect the neighborhood growth to continue in the next years. This is also understandable if we consider the lack of building spaces in traditional areas such as Recoleta or Barrio Norte as well. About the new developments, they're all last generation projects with full amenities located in grounds increasing it value successively. Early investment augur excelent ROI rates.

Second, Palermo Hollywood along with his twin Palermo Soho have became very important as top of the line urban cultural proposals for Tourists and locals. That way, those investors who buy an apartment in Buenos Aires to rent temporarily to tourists ensure profitable results thanks to the good ocupation rates all year long.

The southern Hollywood is the new sweet sixteen and it's gonna be for sure one of the main stages of the Argentina Real Estate Market for the next years.

Head Paragraph: Bob Frassinetti's web site. Palermo Hollywood & Palermo Soho Article http://bobfrassinetti.tripod.com/palermo_hollywood_soho_buenos_aires/

Buenos Aires offers some of the best Real Estate offers of the world

Based on the articles of UK Times and Sunday Times.

Argentinean capital is a beguiling city of broad avenues and well-maintained parks, where the quality of life is good and the cost of living is low. In the middle of a summer with temperatures reaching average highs of 24C-29C (75-85F), Buenos Aires has reclaimed once more its title as South America’s most cosmopolitan city, attracting visitors from all around the world with record figures.

For those looking for properties for sale in Buenos Aires offers are incredibly cheap compared with capital cities of similar sophistication elsewhere in the world, being possible to buy a flat in downtown Buenos Aires at a fraction of the cost in London.

One of the hottest property spots in the city is Puerto Madero, the former docks east of the central square. Even giant cranes still loom on one of the banks of the River Plate, the boom for properties for sale in Puerto Madero turned old red-brick warehouses into luxury residences, smart shops and stylish restaurants.

South from there, San Telmo neighborhood is home to many of the city’s tango salons and the old artisans’ quarter. Taking part as well of the tendence for new Real Estate developments, its colonial buildings are being renewed to modern loft apartments buildings. Jane Green, 38, an interior designer, and her Dutch husband, Klaus van de Meyer, 40, who is in the oil business, took advantage of one of these investment oportunities and bought a flat during a stay in the city. “We found a dilapidated loft about a year ago for £30,000 and spent a bit doing it up,” says Green. “It’s now worth £55,000. We rent it to young Europeans, who flock here to set up businesses or just to have fun. The cost of living is so low.”

The deal for those looking for investment oportunities in Buenos Aires is the profitability of apartments rental to foreing visitors, in advantage of the tourist boom that made UK Times crown Buenos Aires as the “Year’s Hotspot” (See full article).

On what are consider as upmarket areas there is Palermo, north of the centre, where the city’s famous Palermo Woods, polo ground and racecourse are located. It is divided into Palermo Chico (expensive), Palermo Viejo (moderate) and Palermo Soho (up and coming), where prices for a duplex flat start at about €250,000.

For those who come planning to settle, the city is suitable to please their every fantasy. Two years ago, James de Molyneux, an American property developer, and his boyfriend, Rex Crawford, bought the top two floors of an art nouveau building in Caballito, a district he describes as “middle-class”. The flat, on Rivadavia Avenue, needed extensive renovation. “We now have 7,000sq ft with three dining rooms, a three-bed suite on the roof terrace, a winter garden and a Louis Philippe salon,” says de Molyneux. “There are parquet floors throughout and we have two resident butlers.” The flat is now worth about €300,000. As all property deals for Real Estate in Buenos Aires are closed in US dollars, Euros and Sterling’s current strength are another incentive to buy. Plus, a flexible legal context allows foreigns in an accesible adquiring process to buy without inconvenients.Far from the memories of the crisis and the riots, Buenos Aires watches high from its new skycrapers the cosmopolitan color in the walk of the new residents.

Sources:

www.timesonline.co.uk/ "Argentina, this year's hotspot" January 13,2007

www.sunday-times.co.uk "Argentina’s ready to Tango" January 14, 2007

Buenos dias Buenos Aires

Buenos Aires is a city that proposes more than vacation activities. After the devaluation crack that put the argentinean pesos three steps under the American dollar, the city became an ideal scene for foreign investors.
In the once time one of the most expensive cities of the world, Buenos Aires citizens didn't lose their taste for good life, in spite of the wages decrease. That's why the market remained alive and claimant of products, leaving the way free for new endeavors of foreign citizens, that once came to the country as tourists and decided to take advantage of the credit rates to place their own commercial spaces. The reason is that the Dollars and Euro savings are multiplied when they move to a cheaper and more affordable market than the north cities ones, yet as it has the same consume habits as those, it allows the new investors to carry out their dreamed projects grown up through a whole life. The Buenos Aires Real Estate market introduces highly competitive offers and make available for the new neighbors the own-place daydream.
And as this argentinean metropolis is a very developed city, especially in compare to other ones in the region, it proposes a very familiar lifestyle for north visitors the way they don't use to suffer any adaptation problems. This is also because the city history was built by immigrants from all over the world as well, and today it shows a mixture of shadings as any other cosmopolitan capital. Some other facts are relevant: it's considered one of the safest places of Latin America and even of the world these days; it has a rich cultural offer as it's one of the main university centers of America, and the population has the highest English speakers' rate of South America so it's no longer a barrier.Then for those outsiders that arrive with an extra of expectations and dreams for the future, Buenos Aires has an invitation to share a new morning.

The Island

It's not about another sci-fi movie, that's the way people know one of the more refined corners of Buenos Aires. The Island is a rich and privileged area of the city that spread its streets with elegant residential buildings surrounded by parks and gardens. Placed inside the Recoleta neighborhood, it owns its special recognition to the hill where it's been built. The quietness of the streets thanks to the lesser traffic and the beautiful European style buildings give these blocks a particular style that visitors love and made them once rename it as "the little Paris". Nowadays, it has modern buildings as well, and embassies and historical fronts who remember a golden age of Argentina at beginnings of XX century.
The stairs in the park near the British Embassy are the main access way for tourists and walkers, cause traffic is limited and there aren't too many parking spaces, specially near the oldest buildings who keep them for owners.
As it's a very well bordered zone, there are no terrains available for construction left and properties are valuated between the highest rates of the city. The prices depend of several variables such as the street where the property is located, the building amenities and some random characteristics such as if it's a modern or an aged building. About the properties surfaces, there're some ones who even overcome the 600 sqm. This makes the buying and selling process longer than in other areas of the Buenos Aires Real Estate market, cause either owners and buyers take more time to consider. And just cause of those matters, neighbors are very loyal to the neighborhood and the properties for sale offer is limited.
The neighborhood is very exclusive not only due to the higher rates, yet cause it keeps a style who's been unalterable since always as well. People don't use to think on moving out except to the countryside or some place outside Argentina, and those ones who have gone have even chosen to keep their properties as apartments for rent in Buenos Aires. This way, the streets of the Island are nourished with outsiders who rather stay there while visiting Buenos Aires, or students who prefer its parks to read or paint.
Along with the neighborhood attractives, a few minutes away from Recoleta's malls and luxury shops, visitors can have their meal at one of the nice cafés surrounding the gardens, or have lunch at one of the Island's elegant restaurants, known for their exclusive and quiet lounges for no more than six tables.

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.

Real Estate Market latest tendence

The latest market trendy shows a globalization of the Real Estate Market in Buenos Aires that approaches the 25% in neighborhoods as Puerto Madero. Which are the reasons of this eager for Real Estate investments in South America?

Bloggin'

The San Francisco Real Estate Blog

This is a very nice blog with articles of Real Estate Market on San Francisco, in the US. I'm aware they have it always up to date so it's a recommended site to visit either when willing to buy Real Estate or just doing some research. But also cause articles have got very compromised reviews and have good things to know about US market, not only for Real Estate buyers interested in San Francisco's properties. I liked that and I take it as a serious source. So check it out, there's a link on the right >>>

The eager for Real Estate investments on South America

Argentina has became something more than a tourism post. Its main city Buenos Aires claims to be one of the biggest ones of America, and has born from the shades of a community that has been fed up with travelers from all over the world. Old buildings over wide and wooded streets look like postcards from its related from Europe, built up from the memory of European voyagers who found in this corner of the Earth the land of the opportunities wanted. Yet, minutes away from those classical roofs, just like new times emissaries, dazzling crystal buildings rise up in contrast to the sky, along a riverbank who whispers names such as Starck, Hok Sustainable, Pelli and others.

The city invites its walkers with all the commodities of a main northern one. The stunning markets and shoppings full of leather and other luxury gods, the magnificent parks and gardens of "La Recoleta" along the tenths of squares of the "Little Paris", the colorful landscape of La Boca and the culture mixing of the old San Telmo are just some of the most popular districts for visitors. But what may result more interesting for voyagers is the access to a known lifestyle, with all the luxury and commodities of European taste, yet with costs impossible to imagine due to the favorable Peso/Euros exchange. Another decisive factor is the security attractive to complete those high life standards. Buenos Aires, by being miles away from wars and terrorist threaten preserves itself as a safe and quiet place to be, beyond other Latin American places.

It's because of that matter why the city is also looked for those who find in Argentina an ideal place to invest. The last Real Estate statistics contemplate a rising tendency in foreign investments, as much in the traditional neighborhoods as in the most modern ones. Just as an example, thanks to the good exchange rates an outsider can buy a condo in San Telmo at $ 895 dollars the sqm, while it costs $ 7000 in Paris or $ 5400 in Barcelona.

Neighborhoods such as Puerto Madero, the old docks area who takes the architectural avant-garde of the South Cone in a project similar to the London Docks' one, the French sidewalks plenty of gardens of La Recoleta, or the modern Palermo who because of its different proposals has been named the Soho, the Hollywood, the Old and Las Cañitas, find themselves between the favorite ones for those who consider Real Estate in Argentina as a trusty and profitable business. In fact, market trendy nowadays find regular travelers who have bought their properties for temporal stays in the region, giving them in temporal rental to other tourist for what is left of the year. This way they get euros or dollars incomes high above the traditional rent profits in their home cities.

A rebuilt economic scene thanks to the new exchange situation provides new guarantees for financial operations in the country. The Real Estate market who claims to be one of the only ones who had rises through the last crisis years ago, finds itself favored thanks to a legal framework that supports without restrictions the achievement of properties in Argentina, no matter the origin or intentions of the costumer. This is shown in a market globalization that approaches to 25% in neighborhoods as Puerto Madero.

Ever since these facts, Real Estate agencies born in the last decade are dedicated exclusively to outsiders. This kind of enterprises have specialized on this target and have developed new marketing politics, aware of the new information, advice and legal support needs; considering the costumers use to connect during most time of the process with emails or by phone. Between the range of the most complete agencies there are those who even offer administration services, decoration and renewing, adding more choices for the new residents who aren't experienced yet in the Buenos Aires scene.

Right on from this opening, Buenos Aires grows as a cosmopolitan city following the steps of its American neighbors such as a Miami or Costa del Sol. Beside the eager for tourism posts in South America, this south capital holds once more a space in its streets for those travelers who feel they've found their personal place across the ocean.

When someone is interested in the chance to buy a property in Buenos Aires, the best to do is get some info of the different options and contact a qualified agent. It's always recommended the guarantee of hiring professional services instead of particular deals, and for that need there're several web sites online.

Buenos Aires Neighborhoods' Profile

You're thinking on moving in to Buenos Aires, but you still don't know where's the best place for you to buy a property? Well, here you've got some info you'd like to know: a streets profile of Buenos Aires that can be helpful for you to decide the best site according to your interests.. Check it down here

How are the neighbors?

If it's important for you to know what kind of neighbors live on the streets you're seeking, here there're some short comments on how people use to be around, that kind of comments everyone could say about its city's neighborhoods.

Recoleta, Barrio Norte, Palermo, Cañitas, Belgrano: These are residential neighborhoods, people move here to live in family and have a quiet life, in nice apartments or houses, safe streets, squares, and all commodities for families. They all surround downtown.

Palermo Soho, Palermo Hollywood: these are the favourite streets for young people, designers, students and artists. People move here to be close to night attractives of the area, but also to open their own design shop, a theme restaurant or bar, and other things like that.

San Telmo: This is the bohemian & artistical district. It isn't a common place, its main streets ar plenty of culture, music and art. If you'd like to be close to Buenos Aires cultural life, here's the best place.

Puerto Madero: is the latest neighborhood of Buenos Aires, a riverbank renewed just like the London's Docks. Professionals and business people move here, but also families looking for the high lifestyle standards and the fancy attractives in the renewed docks.

Pilar: Pilar is the country houses area. Families move here looking for its beauty and its safety. People build nice houses on their yards, and drive to work during the weeks after the quiet Sundays.

How are the buildings and apartments?

If you're thinking in how are going to be the streets of your new neighbor, I can share some few things:

Recoleta: Tourists use to call it the "Little Paris", but it also has British style buildings. Here you'll find roomy & classic apartments, wooded streets, and lesser apartments per floor. It's one of the most valuable areas of the city.

Palermo: It's one of the main districts, so it has traditional houses & buildings, parks & squares. Because of its wideness and different attractives, some of its districts have been recalled Barrio Norte, The Old Palermo, The Soho, Palermo Hollywood and Las Cañitas.

Barrio Norte: This area takes some blocks from the streets of Palermo and Recoleta, so it has something of both.

Palermo Soho, Palermo Hollywood: They're part of Palermo Neighborhood, so they have traditional houses and renewed PHs, which are some kind of large apartments with many rooms and high roofs, sometimes with more than a floor, and stairs on the yard. But also, there've new developments coming.

Las Cañitas: Las Cañitas is an area between Palermo and Belgrano which has been increasing its popularity thanks to its high lifestyle standards, it's fancy attractives and the good security on streets, probably due to the high amount of militar dependences around. Streets have classic buildings but mainly new developments with modern apartments and Lofts. Streets are wooded and buildings use to have lesser departments per floor than in other popular neighborhoods.

Belgrano: Along with Palermo, they're the largest residential zones. In Belgrano R (Residential Belgrano) the neighborhood has the kind of families and houses you could usually find in Recoleta. It has residential buildings, tile wooded streets, parks & squares.

Puerto Madero: Just like the London's Docks project, the docks of Buenos Aires have been renewed and represent the latest architectural trendy. Along the streets owners drive their selves to the skyscrapers, the renewed buildings and condos, or await for the new developments comming. The place is meant to be a dazzling neighborhood, even as much as the exclusive Recoleta.

San Telmo: This is one of the oldest districts of Buenos Aires, once spread from the dock's edge on tile streets. The first neighbors built their fancy buildings around, which has been renewed nowadays to become PHs apartments in most chases.

La Boca: This is another kind of cultural neighborhood in Buenos Aires, built as well for the first neighbors who were part of a rather more popular class. Some people even say Tango's history born here.Today its buildings have also been renewed yet with a particular style, so streets are splashed of coloured buildings and condos, right away from the river.

Pilar: This is the area of the country houses, with the american buildings style. Pilar born once as a little town near Buenos Aires, but it has been taken by the city throughout the years. Along with other traditional surrounding neighborhoods like San Isidro, Pilar is chosen for those who look for safety streets, gardens with flowers, trees and quietness.

Things to do on the different neighborhoods..

Every neighborhood has its style, its culture and so its habits. Give yourself a little idea of the things to do you would find downstairs and around:

Recoleta: The gardens and terraces of Recoleta are plenty of classy restaurants and cafes, decoration props shops and even a design mall, museums, parks and cinemas.

Palermo: The neighborhood is well known for having the Palermo Woods, a huge park alike the Central Park in New York. It's a large district, so people will find all kind of shops and usual attractions, universities, offices near downtown and the special attractions of the areas in Palermo described below.

Palermo Soho, Palermo Hollywood: They're know for its trendy bars and nightlife attractions, many artists and designers even have their own bars around.

Las Cañitas: Its lovely streets light up at night inviting visitors to stylish restaurants and theme bars with cool music, drinks and food.

Puerto Madero: Has nice and elegant restaurants for family and theme restos along the riverbank. On weekends visitors have the historical Sarmiento Frigate to visit, and exclusive discos where international Djs use to play at night.

San Telmo: At the weekend the streets blow up with flea markets, street shows and urban artists. It's one of the favourite tours in Buenos Aires, inviting to nice walk.

La Boca: is well known for its street markets, the tango corners and dancers, and the urban artists.

Pilar: Pilar is one of those places people use to visit in a nice wheater weekend. It's near to the river Delta and the fields. Right ahead there's also one of the biggest zoos of South America, with all kind of free animals. People willing to have a gettaway from the city use to choice the green outskirts of Pilar. They can also enjoy a lot of different family restaurants.

Which are the typical shops in every one?

The lifestyle standard also use to be be relationed to the shops and amenities near as well. Here's a short review of the commercial places in each neighborhood, beside the typical ones everybody takes for sure, of course.

Recoleta, Barrio Norte: They have a lot of art galleries and the most famous ones of Buenos Aires, shops to buy leather and luxury goods and to do window shopping, malls, haute couture designers, decorative goods, exclusive furniture and more.

Las Cañitas, Palermo Soho, Palermo Hollywood: These children of Palermo are famous for its designer and trendy goods shops.

San Telmo: Beside the flea markets there is the largest amount of antique stores, and collectibles of the city. Due to the high amount of artists who live there, it's also a good place to look for trendy art pieces.

Pilar: Near the country neighborhood there're some exclusive shops and the bigest mall of Buenos Aires.