The Buenos aires city is the sixth most expensive city in Latin America to buy an apartment. This was reflected by the Real Estate Survey of Latin America (RIAL)carried out by the Torcuato Di Tella University and Zonaprop.
The report analyzes the price in dollars per square meter in 14 cities in 9 countries in the region during March. Montevideo, Uruguaytops the list followed by Mexico City worth US$3289 and US$2981respectively.
On the other hand, on the podium of the most affordable places of the region for the purchase of a property two Argentine cities are located: Rosario and Córdoba. Additionally, Quito (Ecuador) and Bogotá (Colombia) are included.
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The survey It is based on prices published on real estate portals and three values are considered: nominal dollar, real dollar and real local currency.
“The price in real local currency It is adjusted for the inflation of each countrywhile the price in real dollars uses US retail inflation“, detailed the writing.
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One by one, the most expensive cities in Latin America per m2 in dollars
According to the RIAL, the prices of apartments in dollars per square meter in the 14 selected cities were the following in March:
- MontevideoUruguay: US$3289
- Mexico CityMexico: US$2981
- MontereyMexico: US$2836
- SantiagoChile: US$2707
- GuadalajaraMexico: US$2644
- Buenos Aires, Argentina: US$2,427
- Saint PaulBrazil: US$2,411
- Rio de JaneiroBrazil: US$2,361
- LimePeru: US$2106
- City of PanamaPanama: US$1762
- Rosario, Argentina: US$1,488
- Córdoba, Argentina: US$1,452
- BogotaColombia: US$1295
- QuitoEcuador: US$1195
The average price per square meter on the continent stands at US$2,241, almost US$200 below of the level registered in the city governed by Jorge Macri, in which, in the last quarter, the values they rose an average of 3%.
Damián Di Pace confirmed that, “there was a drop in prices in Argentina in the month of April”
How much did prices increase in dollars per m2 in Latin America?
According to the document, Prices in Latin America rose 3.1% in nominal dollars1.6% in real dollars and fell 6.6% in real local currency.
This means that the amount necessary to acquire one m2 rose in dollar bills and in adjusted dollars due to US inflation and fell in local currency adjusted for inflation.
Measured in nominal dollarsthe cities in which there were a larger percentage increase of the prices were Santiago (8.3%), Monterrey (8.2%) and Córdoba (6.1%).
For their part, the biggest falls In the last semester they occurred in Rio de Janeiro (-1.7%), Lima (-1.5%) and Quito (-0.6%).
Valued at real local currencythe cities with the greatest increases are Santiago (15.8%) and San Pablo (4.1%). On the contrary, as a product of lower purchasing activity in the local market, The deepest falls occurred in Buenos Aires (-33.5%), Rosario (-32.8%) and Córdoba (-31.4%), all three Argentine.
