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Step 1
Explore the recent changes in Argentina. While its real estate may be only worth 1/10 of that in the U.S., if it goes to 2/10, it has doubled. Athough Argentina's economy ranks near or below much smaller countries like Iran, it is experiencing aggressive growth. Net result: housing prices in Argentina have increased by 50% since 2002.
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Step 2
Familiarize yourself with Buenos Aires. Do this so that you have at least a rudimentary understanding of tourist attractions and the various neighborhoods. Check the U.S. State Department report on Argentina to gain an idea about political stability.
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Step 3
Understand that there are significant differences between real estate dealings in Argentina and the U.S. or Europe. Most transactions are in cash. This elminates your considerating local capital markets as a means of financing purchases. However, it also makes the real estate market relatively bubble-proof.
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Step 4
Investigate some exceedingly attractive pieces of undeveloped land in surprisingly prime locations at prices far below anything similar in traditional markets. Check in particular Buenos Aires.
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Step 5
Explore one of the general real estate listings for all of Argentina. Check both the commercial and residential listings.
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Step 6
Contact Argentinean real estate agents about specific pieces of property. Schedule a trip to explore your list. Remember that if your serious about a purchase, you may need cash in hand.
