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Real Estate in Buenos Aires , Argentina | Digital Nomad Exchange
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Buenos Aires, Argentina

Real Estate in Buenos Aires, Argentina

By Joshua Wood, LPC

Last updated on Jan 12, 2024

Summary: The most desirable neighborhoods in Buenos Aires, Argentina are Palermo, Recoleta, Belgrano, and Puerto Madero. The average cost to buy a nice 2 bedroom home in Buenos Aires , Argentinais around $200,000 USD, while a nice 3 bedroom home can cost around $300,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and updated appliances. Foreigners are allowed to purchase property in Buenos Aires, Argentina, however, they must obtain a residency visa in order to do so. When searching for a home to buy in Buenos Aires, Argentina, it is best to consult with a local real estate agent who is familiar with the area and can provide advice on the best neighborhoods and properties. Additionally, it is important to research the local market and compare prices to ensure that you are getting the best deal.

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How do I find a place to live in Buenos Aires?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Buenos Aires is to use online resources such as Airbnb, Craigslist, and ZonaProp. These websites offer a variety of listings for apartments, houses, and other types of accommodation in the city. Additionally, there are many real estate agents in Buenos Aires who can help you find a place to live. It is also possible to find a place to live by asking around in the local community, as many people in Buenos Aires are willing to rent out their homes," explained one expat living in Buenos Aires , Argentina.

What is a typical expat home or apartment like in Buenos Aires?

"Expat homes and apartments in Buenos Aires are typically modern and spacious, with high ceilings and large windows that let in plenty of natural light. Many of the apartments have balconies or terraces, and some even have access to a shared garden or pool. The interiors are often decorated with contemporary furniture and artwork, and the kitchens are usually well-equipped with modern appliances. Expats in Buenos Aires can also expect to find plenty of amenities in their neighborhoods, such as restaurants, cafes, and shops," explained one expat living in Buenos Aires , Argentina.

What is the average cost of housing in Buenos Aires?

If you are thinking about moving to Buenos Aires, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Buenos Aires, Argentina is relatively high compared to other cities in the country. Renting an apartment in the city center can cost anywhere from $1,000 to $2,500 per month, while a house in the suburbs can cost around $500 to $1,000 per month. Prices vary depending on the size and location of the property," said one person in Buenos Aires .

Should I buy or rent a home in Buenos Aires?

If you have not spent a lot of time in Buenos Aires, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Buenos Aires, Argentina can be a great investment, as the city is known for its vibrant culture and strong economy. However, it is important to consider the cost of living in the city, as well as the availability of housing. Renting a home in Buenos Aires can be a great option for those who are not ready to commit to a long-term purchase, as it allows for more flexibility and can be more cost-effective in the short-term. Ultimately, the decision to buy or rent a home in Buenos Aires should be based on individual needs and preferences," said one person in Buenos Aires .

What do I need to know when buying property in Buenos Aires?

When we asked expats what advice they would give a foreigner before buying a property in Buenos Aires, they said:

"Buying property in Buenos Aires, Argentina can be a complex process. It is important to research the local laws and regulations regarding property ownership and to understand the tax implications of purchasing a property. It is also important to hire a qualified lawyer to assist with the purchase process and to ensure that all documents are in order. Additionally, it is important to be aware of the local market conditions and to understand the different types of properties available. Finally, it is important to be aware of the potential risks associated with buying property in Buenos Aires, such as the potential for fraud or other legal issues," said one expat in Buenos Aires .

Are foreigners allowed to own property in Buenos Aires?

When we asked expats what advice they would give a foreigner before buying a property in Buenos Aires, they said...

"Yes, foreigners are allowed to own property in Buenos Aires, Argentina. There are no restrictions on foreign ownership of real estate, and the process of buying property is relatively straightforward. Foreigners have the same property rights as Argentine citizens, and they can purchase residential, commercial, or rural properties. However, it is essential to work with a reputable real estate agent and a local attorney to ensure a smooth transaction and to navigate the legal requirements and paperwork involved in the process," explained one foreigner living in Buenos Aires , Argentina.

What appliances are typically included in a rental?

We asked foreigners in Buenos Aires what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Buenos Aires, Argentina typically include a refrigerator, stove, oven, and washing machine. Some properties may also include a dishwasher, microwave, and air conditioning unit," said one foreigner living in Buenos Aires , Argentina.

Additional Information about Searching for a Home in Buenos Aires:

We asked foreigners in Buenos Aires what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats searching for homes in Buenos Aires, Argentina often start by browsing online real estate websites and local classifieds to get an idea of the housing market. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have already gone through the process. Additionally, expats can reach out to local real estate agents who are familiar with the area and can help them find a suitable home. Some expats may choose to rent a temporary accommodation first, allowing them to explore different neighborhoods and find the perfect home in person. It's also important for expats to familiarize themselves with local rental laws and customs to ensure a smooth transition into their new home," remarked one foreigner who made the move to Buenos Aires .

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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