Barrio Parque: Buenos Aires most exclusive neighborhood

A charming neighborhood tucked away in a quiet corner of Palermo Chico: this area of Buenos Aires offers exclusive homes with pool and garden space.

The area is known as Barrio Parque, which translates as Park Neighborhood in English. The name definitely suits this zone that is blessed with tree-lined streets and leafy surroundings. Barrio Parque neighborhood was created in 1912 as part of an initiative by the Public Parks director, Carlos Thays. This famous landscapist and designer is best known for his work in the Botanical Gardens and Centenary Park in Buenos Aires amongst other important public and private works. The design of Barrio Parque gives residents a residential and community environment despite the fact that the neighborhood is located just a few blocks from busy arterial roads: Figueroa Alcorta and Libertador Avenue.

Unlike the majority of streets in Buenos Aires that follow a regular, square, block system, in Barrio Parque neighborhood the streets follow a circular pattern. For many drivers this circular maze can be confusing, which means that very little traffic passes through here.
The boundaries of this tiny sub-neighborhood in Palermo Chico are between Figueroa Alcorta Avenue, Tagle and San Martin de Tours. The style of the houses within this area is defined as being low-rise, mostly individual houses with very few apartment blocks.
The price of property here is higher than the average luxury home in Buenos Aires with prices reaching into the millions. Homes that are equipped with their own garden and pool are particularly sought after on the Buenos Aires real estate market. Buyers also take into consideration the quality and condition of the structure and how much land is covered. To give a concrete example of the type and value of properties on sale at the moment, on Mora Fernández Street a classic fronted house covering 480 m2 is valued at $ 2.2 million US dollars.

Prohibitive prices create an exclusive class of clientele. Buyers here are often from traditional families who have always lived in the area, famous people, sports stars and business people. Properties that are rented out are most often occupied by embassies as consulates or as offices for multinational companies. Investors looking to buy in Barrio Parque neighborhood should be aware that there are only two plots of land available for construction and that the majority of properties cannot be demolished to build a new.

Tranquil, charming, elegant and classic yet close to the center of Buenos Aires: Barrio Parque is a special kind of neighborhood that continues to attract buyers.
 
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