Buenos Aires: Homes 10 Times Cheaper Than the U.S.




With all this talk of home prices rising, you might start to wonder: How much longer will buying be affordable? The luxury market is going a little crazy these days, what with $125 million penthouses and all. So where does one go for a good deal these days? Argentina -- Buenos Aires, to be more precise.

There, The Wall Street Journal reports, the economy is in a bit of turmoil. (Like there's a place where it's not?) Inflation in Buenos Aires is skyrocketing, and the U.S. dollar is in high demand because of the exchange rate. And for people who have U.S. dollars to spend, prime real estate can be yours for a song.

Take, for example, a 500-square-foot, one-bedroom apartment in trendy downtown Buenos Aires with a 100-square-foot terrace. It's in a building with a rooftop pool, gym, sauna and concierge. The going rate: $130,000. A place with all those amenities in the middle of NYC would likely cost 10 times as much. Oh, there's plenty more eye-popping deals to get a load of in the video above.

More on foreign real estate:
Smart Overseas Real Estate Investments
German Castles at Bargain Prices
Renting Abroad: Easier Than Here?

More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find
homes for sale in your area.
Find
foreclosures in your area.

Find homes for rent.

Follow us on Twitter at @AOLRealEstate or connect with AOL Real Estate on Facebook.

Read Full Story

Can't get enough real estate news?

Sign up for Finance Report by AOL and get everything from celebrity homes to renovation tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a home

Buy
Rent
Value
Powered by Zillow