I highly recommend that you buy from a realtor, (called an inmobiliaria in Argentina), in lieu of using a bank to buy your home. A realtor can enhance the value of your U.S. dollars from the average 6 pesos per USD to about 7 or 8 pesos per USD. This enhanced dollar value is known as “Dolar Blue” here. This will significantly reduce the cost of the property you want to buy in U.S. dollars. The enhanced dollar process itself is called “cotizar”. Keep that in mind when dealing with the realtor. You can handle the negotiation and purchase of your property with the realtor from the States via phone or e-mail, but I would strongly encourage you to visit Argentina and the different neighborhoods first before buying property. You never want to go in blind. Plus, if you have children, you’re going to want to take a look at the schools in the area. I highly recommend avoiding public schools here, at least in Cordoba. The private schools are a lot neater and more organized.
Here are some of the best neighborhoods (barrios) to live in if you move to Cordoba.
If you’ve read my recent entries about my two trips to Buenos Aires this year, you might be encouraged to buy property in the capital of Argentina. I’d like to point out that while I was never a victim of a crime there, some expats and natives alike have claimed that it’s an unsafe area, especially when there are political uprisings and protests. If you choose to move to the capital anyway, then I recommend that you stay within the area known as “La Caba”. Think of this area as the equivalent to Washington D.C. Some expats and Argentineans have reported that the area beyond “La Caba” is considered dangerous. Think of “La Caba” as Manhattan, and the rest of the Buenos Aires region as Brooklyn and the Bronx.
I’d advise that you check the classifieds from the Argentinean newspaper, La Voz Del Interior. This website will provide you with photos of the property, price ranges (in some cases), and realtors/inmobiliarias to contact. Here is the link to the classifieds for La Voz Del Interior.
As a final recommendation, it would be a good idea that you get a basic concept of Spanish and learn the differences between Argentinean Castilian versus other forms of Spanish commonly heard in the U.S. You’d be surprised how the most subtle of differences can result in a huge misunderstanding here.