What you Need to Know about Buying Real Estate in Buenos Aires

When considering the purchase or rental of property or propiedades in Buenos Aires, it is only natural to have questions about certain matters. This can be particularly true if you are new to the area and you have not actually previously lived in the capital of Argentina. Newcomers to the city will find there are many options for real estate in Buenos Aires that range from venta de casas that are available for rent to sumptuous Buenos Aires apartments that provide every convenience you might be able to wish for.

There are also many other types of propiedades in Argentina to choose from. When considering the purchase or rental of real estate in Buenos Aires, it is a good idea to consult an experienced real estate agent. Inmobiliarias or real estate agents in Buenos Aires are typically very knowledgeable about the city and can provide you with a wealth of information about properties available not only in the city but also outside the city and around Argentina as well.

As you consider living in Buenos Aires, you should know there are two types of property taxes in Buenos Aires. For the most part, these taxes are combined into a single tax that is then paid on real estate in Buenos Aires. The ABL or alumbrado, Barrido and Limpieza tax is paid for city services and includes public cleaning, sweeping, street lights, etc. There is also a tax that is paid on the actual property. Taxes are paid on a bi-monthly basis according to local regulations. Property taxes in Buenos Aires tend to be quite reasonable, especially when compared to other cities in the world.

When it comes to the cost of utilities, you should also know that apartments tend to be quite inexpensive. The grand total for gas, water, phone services and electricity tends to be much less than residents pay in other cities. You should be prepared for the fact that you will need to pay maintenance fees for your apartment. The cost of those fees can depend upon the square footage of the apartment as well as the area of the city in which you live and the age of the building. Be sure to take all of these factors into consideration when looking for a property within your budget.

There are many extremely popular neighbourhoods in Buenos Aires to consider purchasing property. Recoleta is considered to be one of the most popular neighbourhoods and is also close to dining and entertainment venues. There are also many other excellent neighbourhoods to choose from as well, including San Telmo and Palermo.

While there may be much that you need to know when buying real estate in Buenos Aires, an experienced real estate agent can help to guide you through the entire process from start to finish. Before you know it, you will be at home in Buenos Aires and enjoying the culture and sophistication that is so unique to this beautiful Argentine city.