Buenos Aires in Argentina is one of South America's most visited cities, and as such the tourism market generates long- and short-term rental demand, which is one attractive aspect of Buenos Aires for foreign buyers and investors.
Areas such as Palermo, Recoleta, Centro, San Telmo are key locations in Buenos Aires if looking for properties to buy or rent for personal use, rent, invest or a mixture of reason to consider buying real estate in Buenos Aires.
Argentina, located located in the southern part of South America, is bordered by Chile to the west, Bolivia and Paraguay to the north, Brazil and Uruguay to the northeast and the Atlantic Ocean to the east.
As the second-largest country in South America, Argentina goes from tropical climates in the north to sub polar regions in the far south near Patagonia and Tierra del Fuego.
Why Buy or Invest in Properties in Buenos Aires, Argentina?
Buenos Aires is renowned for being a friendly, cosmopolitan city where many foreign buyers purchase properties for personal use, which can then be rented out part-time when not in use.
Areas to consider if looking to buy properties in Buenos Aires include Recoleta, Palermo, Belgrano, Puerto Madero and San Telmo.
The Argentine Republic, or Argentina as it is more widely known, is a South American country, second largest in size to Argentina. The country stretches from the Andes Mountain range to the Atlantic Ocean in the East and South.
International buyers are looking for real estate for sale in Argentina that might be suitable for short or long terms stays as well as an investment, vacation lets and commercial real estate with high cap rates.
The country is divided into twenty-three provinces which are further divided into 376 departments (depatamentos), and the climate is predominantly temperate and extreme temperatures range from subtropical in the North to sub-polar in the far South.
Northern Argentina is characterized by very hot and humid summers and mild, dry winters. Central Argentina enjoys hot summers with thunderstorms and cool winters and Southern regions have warm summers and cold winters with heavy snowfall and extremely long periods of daylight from November to February, often reaching up to 19 hours of daylight.
Argentina's luxury real estate tends to be cheaper in cities such as Buenos Aires, Mendoza and Patagonia than comparable markets in North America or Europe.
Buying or investing in Argentina real estate is often straightforward for foreigners to purchase property, with no citizenship or residency required, good legal structure for ownership provided, and relatively low property taxes relative to other countries.
