Buenos Aires Feature

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Big Spenders

If you're a shopper who just isn't satisfied by small-fry spending, why not splash out on something a little more extravagant, like, say … a house? Buenos Aires' latest shopping trend is led by a horde of foreigners who are acquiring porteño pied-à-terres as second homes or investments. Most look for a classic from the 1920s, '30s, or '40s, with 10-foot ceilings, crafted wooden doors and windows, and acres of gleaming floorboards. The most desirable districts are San Telmo, Palermo, and Recoleta, though there's been a surge in sales of apartments in Puerto Madero. Prices vary considerably from district to district. Although there are few restrictions imposed on non-Argentines buying property, the process can be a headache, so it's best to deal with an agency that can smooth out all the bumps.

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