The real estate market in Latin America is still largely dominated by local players. For international investors the region is very attractive for its size, mainly due to Mexico and Brazil and, to a lesser extent, Chile and Colombia.
Among the main branches in the real estate sector, residential and, to a lesser extent, retail and shopping malls stand out. However, due to the crisis caused by the COVID-19 pandemic, the sector has been largely affected by the isolation policies implemented by local governments.
In view of this, with the objective of studying the price behavior of properties inhabited by young professionals in Latin America, a study prepared by Navent in conjunction with Universidad Torcuato di Tella highlighted the cities with the most expensive square meters in the region. Here are the top ten:
10. Monterrey (Mexico)
Square meter price: USD 1.610
9. Rosario (Argentina)
Square meter price: USD 1.645
8. São Paulo (Brazil)
Square meter price: USD 1.744
7. Ciudad de Panamá (Panama)
Square meter price: USD 1.821
6. Lima (Peru)
Square meter price: USD 2.080
5. Rio de Janeiro (Brazil)
Square meter price: USD 2.224
4. Ciudad de México (Mexico)
Square meter price: USD 2.269
3. Buenos Aires (Argentina)
Square meter price: USD 2.847
2. Montevideo (Uruguay)
Square meter price: USD 2.857
1. Santiago (Chile)
Square meter price: USD 3.278
Source: Navent and Universidad Torcuato di Tella 2020
Image: Pixabay
