As a foreign national, you are able to purchase Argentina real estate when you come to retire in the country. Real estate is available throughout most of the country, too. You will find the most expensive locations to buy are in two distinct areas. First, you will find high costs in larger, more developed tourism cities especially along the coast. In addition, you will find higher costs in Buenos Aires city area. Outside of the city itself there are many excellent locations to consider purchasing in.
One of the most important things to know about the real estate in Argentina is that it is a lot more affordable than real estate in the more developed countries like the United States. Additionally, much of the country is still rural, which means more opportunity for a larger portion of land when you buy.
You also should consider what type of real estate interests you the most. If you are coming here to spend some time working the land, there are a number of opportunities in ranches on rural estates. Now, most retirees may not be interested in this type of situation. Therefore, you may want to consider the quaint homes, apartments and even condominium style properties available. Larger cities will provide this type of living arrangements for you.
Argentina real estate is affordable, but if you plan to rent, you may find it more expensive. That is because rental space is very limited in areas like Buenos Aires. If you plan to live as a tenant, do so outside of the city limits where costs will be much lower. Rental contracts are generally for two years. In addition, you can rent fully furnished apartments if you would like to, but this will also add additional cost to your monthly rental. The good news is that most utilities are covered as part of your rental costs.
In addition to this, it is essential to have a local lawyer work with you if you choose to buy real estate. You may even want to have two help you insure that you do not over pay in taxes and mortgage costs. Many times, having this type of property professional by your side will save you money in the long run. Argentina real estate is one of the best investments many people will make when they retire here.