Saturday, December 12, 2009

HOUSING IN ARGENTINA

General

Finding reasonably priced accommodation to rent will be relatively easy in Argentina depending on the area you are looking in. This section gives you information about the Argentinean housing market, as well as a wide range of tips and tricks for your housing search.

Latin America has a high percentage of its inhabitants living in big cities. Argentina is no exception to that. The downtown areas are mainly characterised by apartment buildings. When moving away from the centre a wider variety of housing is found. Argentina is an immigrant country which is clearly noted by the architecture of its housing. For example, in the outskirts of Buenos Aires you are likely to come across English style houses, whereas the downtown area resembles Italy and Spain. Near Cordoba and in Bariloche you will often have the feeling of being in Southern Germany or Switzerland.

Things to bear in mind on your search
Accommodation prices in Argentina are determined by the size and location. This holds for both renting and buying. Accommodation is measured in square meters. Furthermore, and this may come as shock to some, buying a house or apartment in Argentina means most of time that payment in cash is required. With the economy improving this is slowly changing again.

Another factor to bear in mind is that in Argentina apartment and houses are described by the number of rooms or ambientes. This includes the living room and the bedrooms. Take into account that there can be several living or sitting rooms in a house or apartment. Kitchen, bathrooms and toilets are not included in the room count.

Housing in Argentina is either let furnished or unfurnished. The availability of one or the other ranges from where you want to live. In a mayor city like Buenos Aires or Cordoba both furnished and unfurnished are readily available. In a smaller city like Comodoro Rividavia finding a furnished place will be very hard.

The Rental Market

For many foreigners coming to Argentina finding a place will not turn out to be that difficult since prices are still relatively low. Renting a place also means paperwork.

For Argentineans finding a place to rent is becoming increasingly difficult. Since many Argentineans are not in the position to buy property (anymore) the demand for places to rent is high. To get an idea of rental prices, in the most solicited neighbourhoods in Buenos Aires a two room apartment will have an average monthly rent of AR$ 900 in Recoleta whereas in Belgrano it will range from AR$ 550 to AR$ 2000 a month. In the popular neighbourhoods of Buenos Aires a small place to live will hardly be found below AR$400/month. (Source: ReporteInmobiliario.com).

A development that is taking place in the mayor tourist and business areas in Argentina is the increase in short term rentals aiming at foreigners. Places offered in neighbourhoods like Recoleta in Buenos Aires as well as apartments in places that receive many tourists like Bariloche and Villa Langustura, are offered fully furnished at prices lower than the better hotels. Many of these places can be booked online.

Supply and demand can also vary considerably in the course of the year, particularly in cities with a large student population such as Cordoba and Buenos Aires. At the beginning of the academic semesters, which is around February/March and August/September demand tends to be high.

Read mlore on this on Allo' Expat Argentina.

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