Many people asked me what it’s really like to buy property here in Buenos Aires or in the south of Brazil.

So, I jumped on calls with two local realtors to ask questions. One in Buenos Aires, the other in Florianópolis (south of Brazil).

Below is the complete Q&A I did with both of them.

Jack: “Overall, what’s it like to buy real estate in your market? Is it complicated?”

Ricardo (Brazil): “It’s straightforward. The system is modern, and foreigners can buy almost anything here. A lawyer is recommended, but the process itself is very close to U.S. standards.”

Eduardo (Buenos Aires): “Buying in Buenos Aires is a bit slower and more manual than in the U.S. You close with a notary (escribano) rather than a lawyer, and almost all deals are still done in cash dollars. Wire transfers are possible through specialized brokers, but about 95% of the market is cash.”

Jack: “What’s the difference between buying new construction versus older properties?”

Ricardo (Brazil): “New condos are booming: modern, secure, with pools and gyms. Older houses are cheaper and bigger, but you’ll spend more on upkeep.”

Eduardo (Buenos Aires): “Newer buildings are easier because developers are used to working with foreigners and modern paperwork. Older apartments can be fine but often need remodeling and involve more traditional sellers.”

Jack: “If I’m a foreigner, what’s the best route to keep it simple?”

Ricardo (Brazil): “Stick to new projects or condos in Santa Catarina. Standards are high, and the paperwork is clean. Even auctions can be great opportunities with the right local partner.”

Eduardo (Buenos Aires): “I recommend newer or high-quality projects where developers already handle international buyers. Working with an experienced realtor makes it easier to use bank transfers and avoid carrying large amounts of cash.”

Jack: “What about taxes, fees, and the stuff buyers don’t always think about?”

Ricardo (Brazil): “Closing costs are about 4-6%. Annual property tax is affordable, and condo fees just depend on the amenities you choose.”

Eduardo (Buenos Aires): “Expect roughly 10–12% total transaction cost. That’s about 6–7% on the buy side for commissions and taxes, and 3–4% on the sale.”

Jack: “And the monthly side of things, HOA, maintenance?”

Ricardo (Brazil): “Condo fees vary a lot depending on the building and location. In Florianópolis, a typical apartment might run $100–$300 a month for maintenance, and luxury towers with pools, gyms, and 24-hour staff can reach $400–$600. Houses have low/no monthly costs but you handle your own upkeep.”

Eduardo (Buenos Aires): “Luxury towers with amenities run around $500–1,000 USD per month. Typical buildings are closer to $100–300, which covers staff and maintenance paid in pesos.”

Takeaways:
Buenos Aires real estate runs on tradition, lawyers, and cash. Brazil feels more modern and open, with high availability of new condos in new buildings, with tight security.

In both places, if you’ve got the right local contacts, buying is a very straightforward process, and foreigners can feel comfortable.

If you are interested in real estate in Buenos Aires or Brazil and would like to look at some listings, or have any more questions, reply to this email directly here or DM me on X (@itsjacksworld).