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How much does a new apartment cost in the area with one of the largest green lungs in the city? - La Nacion Propiedades
Source:
May 14, 2025
With square meters increasing in value and high demand, it is one of the most chosen sub-neighborhoods to live in.
By Silvina Vitale
The view from an apartment located on a high floor in the Botanical Garden areaMartín Pinus
Palermo Botánico is one of the city's most iconic areas . This sub-neighborhood combines history, nature, and modernity. It also stands out for its excellent accessibility and extensive range of services and cuisine.
In terms of real estate, the area surrounding the Carlos Thays Botanical Garden is one of the most sought-after residential areas in Buenos Aires .
According to Eduardo Bagnato, director of ventures at Toribio Achával , the area could be defined by Santa Fe Avenue, Cerviño Avenue, Scalabrini Ortiz Avenue, Salguero and Plaza Italia, although he asserts that in a broader sense it could extend to Güemes.
An economist predicts what will happen to property prices and credit.
This is an area of notable architecture . Other iconic buildings include the Palacio Los Patos , Palacio Los Gansos, the Evita Museum, and the "La Colorada" building. It also boasts residential buildings in a wide variety of architectural styles, from classical to modern. Among this wealth of style, the main building of the Botanical Garden, designed by Polish military engineer Jordan Wysocki, also stands out.
An aerial view of the Botanical Garden of the city of Buenos Airesricardo-pristupluk-1151
Andrea Rezza, sales coordinator for Mel Properties' Palermo branch, agrees with the area's outstanding architecture. "The city has been architecturally and culturally influenced by other European cities, and the iconic buildings found in this micro-area of Palermo are a testament to this," she notes.
The front of the La Colorada buildingGentleness
Then, halfway down the block between Ugarteche, José María Gutiérrez, República Árabe Siria, and Cabello streets, you'll find the Palacio de Los Patos, a housing complex built in 1929, which alludes to the fact that, after the 1929 crisis, its inhabitants were left in ruin or facing financial difficulties.
The iconic Los Patos building, a Palermo classicDiego Paruelo/AFV
"They were named that way because of the feathers of ducks that are always dry or lacking money. In an academic style, it has 144 apartments and is the work of architects Henri Aziere (French), who designed the plans, and the Argentine Julio Senillosa, who modified them and oversaw its construction at the request of its owner Alfredo Miguel Chopitea. Cultural figures, scientists, intellectuals, artists, and prominent families lived there," Rezza says. He explains that very nearby, on Ugarteche and Las Heras Avenue, is another of the area's emblematic buildings, the Palacio de los Gansos (Goose Palace ), built in 1942 across from the Botanical Garden. It is a 70-unit building, also commissioned by Chopitea. "Its name alludes to the goose step of military marches, since it is said that many of its original inhabitants were military personnel," he explains.
The facade of the house at Lafinur 2988, in the Palermo neighborhood, where the Evita Museum is located.
The interior of the Evita Museum located in Palermo
Another building that ties into the neighborhood's rich architectural history is the Evita Museum , located one block from the Botanical Garden, on the corner of Lafinur and Gutiérrez Streets. Colonial-style, it dates back to 1923. In 1948, the Eva Perón Foundation acquired the building to house a shelter, which was closed after the 1955 Liberating Revolution.
The site that gives this sub-zone its name is, for Hernán Siwacki, CEO of Capital Brokers, his main source of value. “The Botanical Garden is a natural reserve with a biodiversity unlike any other in the city. In addition to the trails you can explore within it, you can sit and read a book surrounded by vegetation and silence,” he notes, adding that this unique natural attraction is combined with the most active and comprehensive area of Palermo in terms of transportation connections, shopping centers, subways, restaurants, art, and culture.
The Botanical Garden is seven hectares with more than 7,000 species of vegetationRicardo Pristupluk
For Rezza, this is an area with no weak points; "it has the best of all worlds," he says. He also highlights that it combines the city's best shopping (Alto Palermo), the best gastronomic, artistic, and cultural offerings (the nearby Palermo Soho and Hollywood areas ), transportation (the Plaza Italia hub is considered the city's most connected hub), events (La Rural), and, of course, the greenery of Buenos Aires's most biodiverse lung and its proximity to the Palermo Forests.
María Gabriela Besuzzo, Interwin's Projects and Development Manager, agrees that Palermo Botánico combines the tranquility of a green setting with proximity to the city's main gastronomic and commercial hubs. Furthermore, its cultural offerings, connectivity to the rest of the city, and the development of high-end developments consolidate it as one of the most exclusive areas in Buenos Aires.
A walk recommended to do in all seasons of the year due to the variety of colors and blooms that can be seen.Serena Castagnola/ Jardin Magazine
All of this is highly valued, which is why it's also one of the city's most sought-after sub-neighborhoods. According to Rizzo, Palermo Botánico attracts a diverse audience , including young professionals and expats looking for an area with a cultural life and good connectivity. It also attracts families who value the proximity to green spaces and quality schools, and investors who buy for temporary rentals, given the boom in short-term rentals in the area.
Bagnato agrees that Palermo Botánico is one of the areas with the best prices in Buenos Aires. “Values per square meter remain high and are on the rise, however, within the area there is a wide range of prices, with the condition and age of the property being very important. The added value of new apartments remains higher, with prices averaging between approximately US$3,000 and US$4,500 per square meter , depending on the location and category of the building. He also emphasizes that the main projects are currently located in the area bordered by Las Heras Avenue, República de la India Avenue, Cerviño Avenue, and Scalabrini Ortiz Avenue.”
The new buildings in this area offer open views, large balconies and amenities.
For his part, Rezza explains that, in general, the real estate market has shown signs of recovery after several years of declining prices and transaction volume. For example, last December, 7,667 deeds were registered, representing the best performance in seven years. "This, coupled with the high land value in the area and the rising cost of construction in dollars, with a dollar that doesn't reflect market inflation, has caused the value per square meter of underdeveloped apartments to immediately show an upward trend greater than the value of new apartments (which have a lower construction cost), and the increase in used residential property is slower, as there is still a large inventory of properties," he indicates.
Regarding values, the sales coordinator of the Palermo branch of Mel Properties, details that today it is difficult to find values below US$ 2,900/m² in pozo , while in the most sought-after areas such as these they can reach US$ 4,000/m² even for units still under construction.
For Carola Fernández Berisso, manager of the Achaval Cornejo residential sector, the Palermo Botánico area is one of the most prominent in Buenos Aires, and its main attraction is this large green space with a unique history.
At the same time, he asserts that current trends in real estate projects point to high-quality apartments that incorporate modern amenities and security. These projects are strategically located near key points in the city, such as parks, cultural centers, and areas of interest, making them highly sought-after options for those who prioritize comfort and a good quality of life.
The balcony of the units in the Lafinur Street project Gentleness
Toribio Achával is marketing the project that will soon be delivered on Lafinur Street. Gentleness
Among the projects under development in the area, Toribio Achával is marketing two: one at Lafinur 3183, near the corner of Cerviño , with three-bedroom semi-detached apartments in a 10-story building between party walls, with amenities on the rooftop, and delivery is imminent. The other, located at Cerviño and Salguero streets , is the Nice Plaza, with two-, three-, and four-bedroom units with amenities, nine stories high, and a landscaped terrace. The average value per square meter for this project is US$4,800 , and delivery is scheduled for the second half of 2028.
The Tupiza Palace is located in the passage of the area that bears the same name, with completion in 2027. Gentleness
The above-ground pool of the project marketed by Interwin Gentleness
This is what the studio apartments starting at US$112,000 will look like.Gentleness
Another construction project moving forward is the Tupiza Palace, a development located in the alley of the same name, just a few meters from the Ecoparque and Cerviño Boulevard, scheduled for completion in July 2027. Marketed by Interwin, it consists of ten floors of premium one- and two-bedroom units , with amenities and the novelty of biometric access control and 24/7 concierge service. As for prices, units start at US$3,400 and US$3,500/m² and reach US$5,500/m² on the highest floors. Prices for the smallest units start at US$112,000 .
Living room with integrated kitchen steps from the balcony and the private grill in Dome
The project has two and three-bedroom units
Meanwhile, at Cabello 3881, between Lafinur and República Árabe Siria , Dome Palermo Apartments is being developed, a project by ADN Developers marketed by Mel Propiedades. This project has three- and four-room units, with options for an outbuilding and grill on the upper floors. The price per square meter is US$4,950, with delivery in July 2026 .
A living room with an integrated kitchen in one of the WOW projects in PalermoGentleness
Low units offer patiosGentleness
The elevated terrace allows you to enjoy the viewsGentleness
Other alternatives in the area are Wow Aráoz, in Charcas and Aráoz , 200 meters from the Botanical Garden, and Wow Álvarez, in Julián Álvarez and Güemes , 300 meters away. The first, pre-sale in well, with one and one-bedroom units with amenities and prices starting at US$3000/m² and delivery in March 2027. The second, already advanced, with delivery in September 2025 , one and two-room units with amenities and prices starting at US$3500/m² .
The project located in Charcas and Gurrucchaga Gentleness
Finally, Capital Brokers is marketing Suelo Armenia, in Armenia and Charcas , and Suelo Charcas, in Charcas and Gurruchaga . The former is under construction, with delivery in July 2026, and has one-, two-, and fthree-bedroom units with outbuildings , garages, and premium amenities. The average price is US$3,500/m² . Suelo Charcas, meanwhile, is in pre-sale and offers the same number of units, garages, and amenities, with a price of US$3,000/m² and delivery in March 2027.
www.buysellba.com
Source:
May 14, 2025
With square meters increasing in value and high demand, it is one of the most chosen sub-neighborhoods to live in.
By Silvina Vitale
The view from an apartment located on a high floor in the Botanical Garden areaMartín Pinus
Palermo Botánico is one of the city's most iconic areas . This sub-neighborhood combines history, nature, and modernity. It also stands out for its excellent accessibility and extensive range of services and cuisine.
In terms of real estate, the area surrounding the Carlos Thays Botanical Garden is one of the most sought-after residential areas in Buenos Aires .
According to Eduardo Bagnato, director of ventures at Toribio Achával , the area could be defined by Santa Fe Avenue, Cerviño Avenue, Scalabrini Ortiz Avenue, Salguero and Plaza Italia, although he asserts that in a broader sense it could extend to Güemes.
An economist predicts what will happen to property prices and credit.
This is an area of notable architecture . Other iconic buildings include the Palacio Los Patos , Palacio Los Gansos, the Evita Museum, and the "La Colorada" building. It also boasts residential buildings in a wide variety of architectural styles, from classical to modern. Among this wealth of style, the main building of the Botanical Garden, designed by Polish military engineer Jordan Wysocki, also stands out.
An aerial view of the Botanical Garden of the city of Buenos Airesricardo-pristupluk-1151
Andrea Rezza, sales coordinator for Mel Properties' Palermo branch, agrees with the area's outstanding architecture. "The city has been architecturally and culturally influenced by other European cities, and the iconic buildings found in this micro-area of Palermo are a testament to this," she notes.
Elegant buildings that endure
One of them is La Colorada , on the corner of Cabello and República Árabe Siria. This architectural work owes its name to the distinctive color of its façade, and has reminiscences and points in common with the collective housing built in England between 1850 and 1910. "It is a wonderful British construction that imbues this area of Palermo with elegance and tradition," he adds.
The front of the La Colorada buildingGentleness
Then, halfway down the block between Ugarteche, José María Gutiérrez, República Árabe Siria, and Cabello streets, you'll find the Palacio de Los Patos, a housing complex built in 1929, which alludes to the fact that, after the 1929 crisis, its inhabitants were left in ruin or facing financial difficulties.
The iconic Los Patos building, a Palermo classicDiego Paruelo/AFV
"They were named that way because of the feathers of ducks that are always dry or lacking money. In an academic style, it has 144 apartments and is the work of architects Henri Aziere (French), who designed the plans, and the Argentine Julio Senillosa, who modified them and oversaw its construction at the request of its owner Alfredo Miguel Chopitea. Cultural figures, scientists, intellectuals, artists, and prominent families lived there," Rezza says. He explains that very nearby, on Ugarteche and Las Heras Avenue, is another of the area's emblematic buildings, the Palacio de los Gansos (Goose Palace ), built in 1942 across from the Botanical Garden. It is a 70-unit building, also commissioned by Chopitea. "Its name alludes to the goose step of military marches, since it is said that many of its original inhabitants were military personnel," he explains.
The facade of the house at Lafinur 2988, in the Palermo neighborhood, where the Evita Museum is located.
The interior of the Evita Museum located in Palermo
Another building that ties into the neighborhood's rich architectural history is the Evita Museum , located one block from the Botanical Garden, on the corner of Lafinur and Gutiérrez Streets. Colonial-style, it dates back to 1923. In 1948, the Eva Perón Foundation acquired the building to house a shelter, which was closed after the 1955 Liberating Revolution.
A privileged green lung and much more
Regarding the area's characteristics, Darío Rizzo, CEO of Alternativa Propiedades, emphasizes the importance of the Botanical Garden, a seven-hectare green space with more than 7,000 plant species . He emphasizes that, in addition to its natural beauty, it offers educational, cultural, and recreational spaces for visitors. The garden is an ideal place to stroll, relax, learn, and enjoy with family or friends.The site that gives this sub-zone its name is, for Hernán Siwacki, CEO of Capital Brokers, his main source of value. “The Botanical Garden is a natural reserve with a biodiversity unlike any other in the city. In addition to the trails you can explore within it, you can sit and read a book surrounded by vegetation and silence,” he notes, adding that this unique natural attraction is combined with the most active and comprehensive area of Palermo in terms of transportation connections, shopping centers, subways, restaurants, art, and culture.
The Botanical Garden is seven hectares with more than 7,000 species of vegetationRicardo Pristupluk
For Rezza, this is an area with no weak points; "it has the best of all worlds," he says. He also highlights that it combines the city's best shopping (Alto Palermo), the best gastronomic, artistic, and cultural offerings (the nearby Palermo Soho and Hollywood areas ), transportation (the Plaza Italia hub is considered the city's most connected hub), events (La Rural), and, of course, the greenery of Buenos Aires's most biodiverse lung and its proximity to the Palermo Forests.
María Gabriela Besuzzo, Interwin's Projects and Development Manager, agrees that Palermo Botánico combines the tranquility of a green setting with proximity to the city's main gastronomic and commercial hubs. Furthermore, its cultural offerings, connectivity to the rest of the city, and the development of high-end developments consolidate it as one of the most exclusive areas in Buenos Aires.
A walk recommended to do in all seasons of the year due to the variety of colors and blooms that can be seen.Serena Castagnola/ Jardin Magazine
All of this is highly valued, which is why it's also one of the city's most sought-after sub-neighborhoods. According to Rizzo, Palermo Botánico attracts a diverse audience , including young professionals and expats looking for an area with a cultural life and good connectivity. It also attracts families who value the proximity to green spaces and quality schools, and investors who buy for temporary rentals, given the boom in short-term rentals in the area.
New ventures
The appreciation of green spaces in recent years, especially after the pandemic, has increased the value of the square footage in this area. This is how Siwacki describes it, asserting that this is the main reason for the increase in demand. “Buenos Aires residents value open spaces, clean air, and greenery more than ever. In this sense, the Botanical Garden is positioned as the city's main green lung , with the greatest biodiversity,” he says. Therefore, the blocks surrounding this space have above-average demand, especially for the buildings located across from it. The head of Capital Brokers asserts that, logically, this has driven up prices in the area.Bagnato agrees that Palermo Botánico is one of the areas with the best prices in Buenos Aires. “Values per square meter remain high and are on the rise, however, within the area there is a wide range of prices, with the condition and age of the property being very important. The added value of new apartments remains higher, with prices averaging between approximately US$3,000 and US$4,500 per square meter , depending on the location and category of the building. He also emphasizes that the main projects are currently located in the area bordered by Las Heras Avenue, República de la India Avenue, Cerviño Avenue, and Scalabrini Ortiz Avenue.”
The new buildings in this area offer open views, large balconies and amenities.
For his part, Rezza explains that, in general, the real estate market has shown signs of recovery after several years of declining prices and transaction volume. For example, last December, 7,667 deeds were registered, representing the best performance in seven years. "This, coupled with the high land value in the area and the rising cost of construction in dollars, with a dollar that doesn't reflect market inflation, has caused the value per square meter of underdeveloped apartments to immediately show an upward trend greater than the value of new apartments (which have a lower construction cost), and the increase in used residential property is slower, as there is still a large inventory of properties," he indicates.
Regarding values, the sales coordinator of the Palermo branch of Mel Properties, details that today it is difficult to find values below US$ 2,900/m² in pozo , while in the most sought-after areas such as these they can reach US$ 4,000/m² even for units still under construction.
For Carola Fernández Berisso, manager of the Achaval Cornejo residential sector, the Palermo Botánico area is one of the most prominent in Buenos Aires, and its main attraction is this large green space with a unique history.
At the same time, he asserts that current trends in real estate projects point to high-quality apartments that incorporate modern amenities and security. These projects are strategically located near key points in the city, such as parks, cultural centers, and areas of interest, making them highly sought-after options for those who prioritize comfort and a good quality of life.
The balcony of the units in the Lafinur Street project Gentleness
Toribio Achával is marketing the project that will soon be delivered on Lafinur Street. Gentleness
Among the projects under development in the area, Toribio Achával is marketing two: one at Lafinur 3183, near the corner of Cerviño , with three-bedroom semi-detached apartments in a 10-story building between party walls, with amenities on the rooftop, and delivery is imminent. The other, located at Cerviño and Salguero streets , is the Nice Plaza, with two-, three-, and four-bedroom units with amenities, nine stories high, and a landscaped terrace. The average value per square meter for this project is US$4,800 , and delivery is scheduled for the second half of 2028.
The Tupiza Palace is located in the passage of the area that bears the same name, with completion in 2027. Gentleness
The above-ground pool of the project marketed by Interwin Gentleness
This is what the studio apartments starting at US$112,000 will look like.Gentleness
Another construction project moving forward is the Tupiza Palace, a development located in the alley of the same name, just a few meters from the Ecoparque and Cerviño Boulevard, scheduled for completion in July 2027. Marketed by Interwin, it consists of ten floors of premium one- and two-bedroom units , with amenities and the novelty of biometric access control and 24/7 concierge service. As for prices, units start at US$3,400 and US$3,500/m² and reach US$5,500/m² on the highest floors. Prices for the smallest units start at US$112,000 .
Living room with integrated kitchen steps from the balcony and the private grill in Dome
The project has two and three-bedroom units
Meanwhile, at Cabello 3881, between Lafinur and República Árabe Siria , Dome Palermo Apartments is being developed, a project by ADN Developers marketed by Mel Propiedades. This project has three- and four-room units, with options for an outbuilding and grill on the upper floors. The price per square meter is US$4,950, with delivery in July 2026 .
A living room with an integrated kitchen in one of the WOW projects in PalermoGentleness
Low units offer patiosGentleness
The elevated terrace allows you to enjoy the viewsGentleness
Other alternatives in the area are Wow Aráoz, in Charcas and Aráoz , 200 meters from the Botanical Garden, and Wow Álvarez, in Julián Álvarez and Güemes , 300 meters away. The first, pre-sale in well, with one and one-bedroom units with amenities and prices starting at US$3000/m² and delivery in March 2027. The second, already advanced, with delivery in September 2025 , one and two-room units with amenities and prices starting at US$3500/m² .
The project located in Charcas and Gurrucchaga Gentleness
Finally, Capital Brokers is marketing Suelo Armenia, in Armenia and Charcas , and Suelo Charcas, in Charcas and Gurruchaga . The former is under construction, with delivery in July 2026, and has one-, two-, and fthree-bedroom units with outbuildings , garages, and premium amenities. The average price is US$3,500/m² . Suelo Charcas, meanwhile, is in pre-sale and offers the same number of units, garages, and amenities, with a price of US$3,000/m² and delivery in March 2027.
www.buysellba.com
