Ten New Studio Apartments In All Rental Building Balvanera

[james p]

Thank you Jantango and Farenheit.....right on! Wouldn't it be interesting to do a poll as to where everybody here lives? All of the barrios and neighborhoods.....not just the choice of Recoletta or Palermo. Jantango....I have a feeling we live 2 blocks from each other......pm me and i will give you my email. I can't seem to figure out how to pm on this new format..........

 

[Davidglen77]

Today I made it a point to go by this building that the OP mentioned. Since I live not too far away and I had the day off, I went to do some shopping around the neighborhood and walked from the plaza del Congreso to Pichincha 700. It's actually a very nice block, no abandoned properties, no squatters and a lot of new construction (some of it looks high end) right at the end of the block on Av. Independencia. Some very nice businesses around there as well, some cute restaurants, and of course a huge COTO that not only sells foods, but appliances and electronics. Balvanera, still has a long way to go to be a prime neighborhood, but if you want a (still) affordable and VERY convenient neighborhood to live in, this is it. There aren't many neighborhoods that are this central and affordable left in Capital Federal. I still wouldn't walk around at night, I don't think a lot of people do, and I would be extra vigilant about my personal and home security as some of the surrounding blocks have several empty lots and abandoned / squatter occupied properties. And if I was coming home after 9PM especially in business attire I would take a taxi.

 

[PhilipDT]

Today I made it a point to go by this building that the OP mentioned. Since I live not too far away and I had the day off, I went to do some shopping around the neighborhood and walked from the plaza del Congreso to Pichincha 700. It's actually a very nice block, no abandoned properties, no squatters and a lot of new construction (some of it looks high end) right at the end of the block on Av. Independencia. Some very nice businesses around there as well, some cute restaurants, and of course a huge COTO that not only sells foods, but appliances and electronics. Balvanera, still has a long way to go to be a prime neighborhood, but if you want a (still) affordable and VERY convenient neighborhood to live in, this is it. There aren't many neighborhoods that are this central and affordable left in Capital Federal. I still wouldn't walk around at night, I don't think a lot of people do, and I would be extra vigilant about my personal and home security as some of the surrounding blocks have several empty lots and abandoned / squatter occupied properties. And if I was coming home after 9PM especially in business attire I would take a taxi.

Should have posted before you came, I was making french toast with maple syrup a block away, plenty to spare. It is quite different at night, trust me, also there are 2 casa tomadas just around the corner on chile between pinchincha and mateau.

 

[Davidglen77]

Should have posted before you came, I was making french toast with maple syrup a block away, plenty to spare. It is quite different at night, trust me, also there are 2 casa tomadas just around the corner on chile between pinchincha and mateau.

Wish I would have known! The french toast sounds great - I would have brought my homemade 7 grain bread and we would have had a breakFEAST. Another time hopefully. While I was walking around towards the Pichincha 700 block I did see quite a few scary looking structures, that were definitely abandoned or squatted and some just looked like they were on their last footing. But I did see some VERY nicely maintained and stylish properties, and as I said earlier some new construction that is definitely being targeted to young professionals and families. I say give it another 5 years and it will be a hot neighborhood.

 

[Ashley]

That neighbourhood is average...its not the nicest or safest but it is far from being a fuerte apache type place and for 1,800 pesos, that's not bad at all.
I've also heard a lot of people complain about the price of tourist rentals lately...but have any of them actually looked at the price of regular rentals? I was looking to move house a few months ago and we couldn't find much at all (in regular areas - chacarita, villa crespo, nunez etc) for much below 4,500 pesos per month for a 1 or small 2 bedroom in not horrible condition and that's for a two-year rental with garantia. If you translate that into a dollar rental, even at the blue rate...there's really not that much difference between local rentals and the 800/900 dollar tourist rentals and that's without factoring in furniture costs etc.

 

[PhilipDT]

The house I'm renting is on the market and has been for 2 years. The reason it wont sell after numerous visits? Most of the houses here are beautiful old turn of the century pieces that are actually quite large (mine is 180m + 110 of terrace) and the people who can afford to purchase them (and maintain them, old houses need TLC) don't want to live in a place where cars don't stop at redlights at night.

And so when you have the people with the money leaving you see the squaters move in as well as millions of Petit Hotels cropping up in which stay similarly unsavory tipos.

Our neighbors (one of the older couples with a nicely maintained stylish property) were robbed last summer while they were on vacation. The thieves, standing on the sidewalk, near a reasonably busy intersection, cut through the bars across the downstairs picture window with an electric saw and then pried open the clasic metal window covering making quite a ruckus before leisurely stealing anything they could fit through the hole in the window bars. During all this, nobody even called the police.

 

[citygirl]

That neighbourhood is average...its not the nicest or safest but it is far from being a fuerte apache type place and for 1,800 pesos, that's not bad at all.
I've also heard a lot of people complain about the price of tourist rentals lately...but have any of them actually looked at the price of regular rentals? I was looking to move house a few months ago and we couldn't find much at all (in regular areas - chacarita, villa crespo, nunez etc) for much below 4,500 pesos per month for a 1 or small 2 bedroom in not horrible condition and that's for a two-year rental with garantia. If you translate that into a dollar rental, even at the blue rate...there's really not that much difference between local rentals and the 800/900 dollar tourist rentals and that's without factoring in furniture costs etc.

I always want to point this out. Unless anyone has actually furnished an apt, you have NO idea how expensive it is to do so with average furniture, let alone the higher end furniture typically found in many tourist rentals. Plus landlords have to do with the headaches, ever increasing maintenance costs, etc. I don't own apts but I have a lot of friends who do and none of them are getting rich off of rentals. Making some money yes but it is a lot of work and a lot of expense. Those 800 dollar tourist rentals aren't "get rich quick" schemes nor are most landlords taking advantage of unsuspecting tourists.

 

[Supercharged]

apologetic if it touches a nerve but not a place to live. I am not saying that Palermo is either but for other reasons.

 

[Rich One]

I always want to point this out. Unless anyone has actually furnished an apt, you have NO idea how expensive it is to do so with average furniture, let alone the higher end furniture typically found in many tourist rentals. Plus landlords have to do with the headaches, ever increasing maintenance costs, etc. I don't own apts but I have a lot of friends who do and none of them are getting rich off of rentals. Making some money yes but it is a lot of work and a lot of expense. Those 800 dollar tourist rentals aren't "get rich quick" schemes nor are most landlords taking advantage of unsuspecting tourists.

True CityGirl, the Camara Inmobiliaria Argentina reports that the Apartment rental net annual income is ONLY 6% after all the cost , taxes , and bienes personales. Hence on a US$ !00 K apartment you will net US$ 6000 per year , you need at least 5 rentals to barely make a living or an investment of US·$ 500K !!!

 

[BXpat]

Seems like a fair enough neighborhood and Av Independencia gets much nicer around Av. Boedo.

There seems to be at least 1 new apartment building going up on every block of Av. Independencia and I can see three from my window right now.

Definitely seems like an up and coming neighborhood for young families and single kids looking for an affordable place.