As we noted in 2006 and 2007, in the annual ranking put out by the HR consulting firm Mercer, Buenos Aires regularly scores among the least expensive world cities to live in. This year is no exception: in the 2010 ranking of 214 world cities, Buenos Aires ranks 161, the third cheapest South American city behind only Bolivia's La Paz (211) and Asunción (204) in Paraguay. Brazil's cities are damn-skippy expensive (Sao Paulo, 21; Rio, 29) in large part because of the appreciation of the Real against the US Dollar. Regarding our fair city, the report notes:
As the real estate market in Buenos Aires is quite healthy, property rentals have been quite stable, even increasing slightly at the end of 2009. It is expected that in 2010 the real estate market will show more activity. There is a good choice of both furnished and unfurnished accommodation.