2023-12-02 10:00:00
The result of the report came following analyzing 14 cities in the 9 selected countries. Photo: LR/referential composition | Photo: LR composition/reference
Are you looking for the dream of having your own apartment? This should be one of the great goals that many people plan when consolidating a family; However, although this seems like an almost universal project, there is a country in which just thinking regarding this becomes a nightmare due to the high cost of housing. A recent private analysis revealed which is the most expensive city to buy this property in Southamerica.
Acquiring a home, such as an apartment, can be difficult depending on the country you are in. Photo: vidarq.pe
What is the city in South America where it is most expensive to buy an apartment?
Montevideo is the most expensive city to buy an apartment in South America, according to the results of the Real Estate Survey of Latin America (RIAL), carried out by the Finance Research Center (CIF) from Torcuato Di Tella University Business School in collaboration with the platform Zonaprop.
The city located in Uruguay the m² is quoted at US$3,166so it is located above cities such as Santiago, Rio de Janeiro, Buenos Aires, São Paulo, Lima, among others from the same continent. Furthermore, this amount has managed to position it among the most expensive of all Latin Americasurpassing up to three cities in Mexico.
Montevideo surpasses three cities in Mexico as the most expensive place to buy an apartment. Photo: Marcelo Campi/aldianews.com
The report also reveals that the average square meter in the cities analyzed rose 5.2% between March and September of this 2023, taking into account that in capital cities, the value increase of 4.7%. The prices were requested from sellers of classified ads for apartments with an area between 20 and 100 square meters.
Top 5 cities in South America where it is most expensive to buy an apartment
Montevideo, Uruguay: US$3,166 per square meter.Santiago, Chile: US$2,499 per square meter. Rio de Janeiro, Brazil: US$2,401 per square meter. Sao Paulo, Brazil: US$2,283 per square meter. Lima, Peru: US$2,139 per square meter.
The 5 best cities to live in Latin America
Like every year, The Economist magazine presented a study in which it measured living conditions in different cities around the world; In this way, he classified which are the best and worst to live in 2023.
Buenos Aires, in ArgentinaSantiago, in ChileMontevideo, in UruguaySan Juan, in Puerto RicoLima, in Peru
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