The Best Neighborhoods For Expats To Buy In Buenos Aires

Buenos Aires: From Posh To Quirky... Yet Always Affordable "Whatever You're Looking For, You Can Find It Here"

Buenos Aires Plaza

Buenos Aires is, without a doubt, one of the most cosmopolitan cities I’ve visited. Although most surnames are Spanish or Italian, the local populous is in fact quite diverse, which is reflected in the city’s culture and vibe.

The food is eclectic and much more varied than you’ll find elsewhere in Argentina, as is the music. The city is fashion-forward (and sometimes sideways). There is a strong bohemian undercurrent here.

But I find it difficult to describe this most European of Latin American cities, because whatever I might say can immediately be contradicted. Buenos Aires is bustling but relaxed. Cosmopolitan but familiar. Some porteños (as the locals are called) are brusque, others are friendly. The people are proud of their history but generally progressive.

It’s fair to say that whatever you’re looking for, you can find it here. I enjoyed my four weeks in Buenos Aires, and I’m not typically a fan of big cities, but there is so much to like here:

  • The city overall is inexpensive if you have dollars. Public services are generally cheap. Most museums and parks (of which there are scads) are free. While you can certainly find cheaper cities, you’d be hard-pressed to find another that offers as much beauty and culture with such an affordable cost of living.
  • People of all ages like to take regular exercise, especially walking in one of the city’s many parks, or riding bicycles along 100 miles of bike lanes.
  • In general, it’s pretty easy to get around. There’s a metro that sends out spokes from downtown, bus lines cover just about all areas in between, and taxis are inexpensive.
  • While there are sketchy areas, the streets are safe to walk even at night, and violent crime is rare in the city center.
  • While some older neighborhoods could do with a good scrubbing, the city is surprisingly clean. Despite the current economic crisis, parks and other public areas are well maintained.
  • Porteños are almost without exception well-mannered and educated.
  • The city is pretty. It doesn’t remind me much of Paris, to which it’s often compared, but Buenos Aires has its own charms and a more open, expansive feel to it.

Of course, it isn’t perfect. Power outages are fairly common in the summer. ATMs have an annoying tendency to run out of money over the weekend, and as taxis and many establishments accept only cash, this can be an inconvenience if you haven’t planned ahead. The subte (metro) needs modernizing. Summer days can be oppressively hot.

But on balance, I really liked Buenos Aires, and I’d wager that for many North Americans considering a move abroad. Transitioning to living here would be fairly easy, with minimum culture shock.

So, where would you hang your hat here? If you chat with several locals and expats, soon you’ll have a consensus short list that will include the following places…

Posh Palermo

Palermo is probably the city’s largest barrio, in fact so large it’s subdivided. Palermo Hollywood and Palermo Soho have restaurants, bars, cafés, bakeries, and small shops and eateries on every block. There is a lot of activity. You’ll find many expats here. Palermo is home to the Rosedal (rose gardens) and Japanese Gardens.

A sidewalk in Palermo, Argentina
Wide sidewalks ideal for strolling down in Palermo

You could purchase a spacious loft apartment in Palermo Soho at an affordable price. The one I saw and like is 74 square meters. The ground floor has a large living room, toilet, and kitchen. Upstairs is a bedroom with a bathroom and a private balcony. The building has a pool and sundeck, and the property is close to shopping and all services. It would make an excellent investment rental opportunity; the asking price is US$139,000.

Alternatively, you could rent a two-bedroom, one-bathroom, fully furnished apartment nearby for US$1,500 per month. The apartment I viewed is 85 square meters, on the top floor of the building, and has a private 23-square-meter terrace. The unit has a laundry area, central heating (Buenos Aires gets all four seasons), air conditioning, cable LCD 32-inch television, Wi-Fi, dishwasher, microwave, and a gas stove and oven. It’s located very close to the shops, and a metro station is only two blocks away.

Gardens at Rosedal de Palermo, Argentina
Rosedal de Palermo

The neighboring barrio of Belgrano is also sometimes suggested. However, I found it a bit lackluster. Apartments tend to be small and pricey, but it might be a fit for you if you’d like to be near Palermo while living in a quieter residential area.

The Famous Recoleta

Everyone likes Recoleta, home to the National Museum of Fine Arts and the Recoleta Cultural Center. If Palermo feels too busy for you, or you want a more cultured setting, consider Recoleta, which sports many Paris-style town houses and is delightful to stroll through. Plaza Francia hosts a weekend handicrafts market.

Recoleta Cultural Center street art, Argentina
Recoleta Cultural Center
Plaza Francia in Recoleta, Argentina
Plaza Francia in Recoleta

Here you can easily pick up a 78-square-meter, one-bedroom, two-bathroom apartment with a kitchen, dining room, and laundry area. The one that caught my eye is quiet and located at the back of the building. It has air conditioning and gas central heating, and it costs US$392,000. Recoleta is one of the most desired neighborhoods in Buenos Aires.

Also on offer is a cozy one-bedroom, two-bathroom apartment with a kitchen and laundry area. Located at the front of the building, it offers an impressive view—the balcony feels almost romantic. The asking price is US$245,000. It’s 53 square meters… but one thing to remember when looking in European cities or cities that have a European feel (like Buenos Aires) is that homes tend to be smaller than in the States. Big 150-square-meter apartments weren’t a thing when these places were built a few hundreds of years ago. Take it as part of their charm.

San Telmo is one of the city’s oldest barrios and is popular with locals and tourists who flood its cobblestone streets on weekends. I stayed in San Telmo for a week and really enjoyed the architecture, the restaurants, and laid-back feel. However, I wouldn’t choose to live there. Much of it is a bit grubby. Also, things often break in its aging buildings. I suffered through a week of cold showers, the result of a broken gas main in the building. However, as this area is so popular with tourists, you might buy a unit here to rent out short-term—but be sure to have it thoroughly inspected first.

Telmo, Buenos Aires Argentina
Telmo Sunday crafts fair

Personally, I’d focus on Palermo if you like activity and want to mix with other expats and Recoleta if you prefer a calmer, more cultured environment. There are bike tours that begin in Palermo and run down to Recoleta. Cycling is an excellent way to see a good bit of turf in a short time, and you’ll get a real feel for the neighborhoods.

John Clites