Palermo is the barrio that sells Buenos Aires to the world, parks, plane trees, restaurants, boutiques, and a sub-soul for every taste: Soho, Hollywood, Botánico, Chico. It is the city's largest and most-rented neighborhood, which is exactly why investors love it.
If you are buying to rent to foreigners, Palermo is the safe bet: demand never really sleeps. New construction here is among the priciest in the city (the shiny towers push well past the barrio average), but a well-located older apartment still rents itself. This is where I send most first-time investor clients.
What it costs
As of late 2025, published asking prices in Palermo sit around USD 3,000 / m² for an apartment (Zonaprop index). Keep one thing in mind: those are asking prices, not closings. What actually changes hands is usually a notch below the sticker, and negotiating that gap into your pocket is precisely what you hire a broker for.
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