In which cities of Latin America does the purchase of an apartment cost more?

It is increasingly difficult for the middle clbad to have enough money to pay off a mortgage or even to get a mortgage in the bank.

In fact, over the last few decades, middle-clbad incomes have stagnated overall, while the share of the pie that concentrates the richest 10% of the population has increased, according to a recent report from the World Food Organization. cooperation and cooperation. Economic Development (OECD).

In this context, the major cities of Latin America have experienced a steady increase in the value of departments, especially in neighborhoods inhabited by young professionals.

Buenos Aires (Argentina) owns on average the most expensive square meter of Latin America, followed by Santiago (Chile), Montevideo (Uruguay) and Rio de Janeiro (Brazil), according to a study by the United States. Torcuato Di Tella University (Argentina) and Navent Council, in which 14 major cities in the region were badyzed.

The average price per square meter in Buenos Aires is USD 3,125; in Santiago, US $ 3111; in Montevideo it is $ 3,051 and in Rio de Janeiro it is $ 3,039.

Higher and lower increases

The search was concentrated in some of the richest cities in the region, calculating the price by averaging published sales announcements.

The cities where the value of the departments has increased the most during the last six months are Sao Paulo (Brazil), Monterrey (Mexico) and Rio de Janeiro, according to the study, which measures prices in nominal dollars (quotation of a currency to another). ).

The largest price declines occurred in Santiago (Chile), Panama (Panama) and Quito (Ecuador).

Comparing the buying power of local currencies, the strongest increases were recorded in Monterrey, Mexico City and Bogotá, and the largest declines in Buenos Aires, Córdoba and Rosario.