Foreign Real Estate Love Affair in Buenos Aires

You know what? I don’t care. I’m moving to Buenos Aires. I love it there so hard it’s insane. I’ve been twice for extended periods (once when it was expensive, once when it was pretty cheap). Yes, the economy is unstable…but it’s earthy, European, literary, cultured, passionate, beautiful, and the steak and wine are unbelievable.

I wasn’t even looking for Real Savvy fodder when I came upon this website featuring a stunning, perfect apartment that I’d move into in a heartbeat.

You just have to see it:

Be still, my beating heart

And the bathroom. This could be where I live.

Here’s the rundown: 3 bdrms/ 1.5 bathrooms (awesome for this city!), 2626 sq ft, 2nd floor (they use the Euro system and call it the first floor), private entrance, terrace and BBQ grill (for your Argentine asado). All for $350,000.[View on BuenosAiresHabitat.com]

Also, I should tell you that this is a fabulous location. Close to a wonderful park full of teenagers making out, but also smack dab in the middle of tango central – San Telmo – my favorite district of the city. It’s got cobblestone streets, tango at dusk, and more charm than you can handle.

Now, despite my enthusiasm, don’t go rush to buy this place (ok, do, and then invite me to visit). But seriously, investing in foreign real estate is complicated, especially in a country that has as many ups and down as Argentina does. In essence, you’ll want to pay cash and really, really love your home because there’s no guarantee it’ll hold its value. It could skyrocket too, but I wouldn’t bank on that. You may want to stick to renting apartments when you visit.

Let’s have a little daydream time…

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