A study of the Latin American real estate market conducted by the Center for Financial Studies (CIF) at the University of Torcuato di Tella in Argentina ranked 13 cities by the price per square meter of apartments.
It is important to note that the data does not reflect actual transactions, but rather the prices asked by sellers, which were taken from ads published on websites.
Top 5 Most Expensive Cities in Latin America
- Montevideo, Uruguay — $3,460 per square meter
- Mexico City, Mexico — $2,700
- Monterrey, Mexico — $2,560
- Buenos Aires, Argentina — $2,540
- Santiago, Chile — $2,420
Most Affordable Cities in Latin America
- Quito, Ecuador — $1,215
- Cordoba, Argentina — $1,530
- Rosario, Argentina — $1,550
- Panama City, Panama — $1,760
The cities of Guadalajara (Mexico), Sao Paulo (Brazil), Rio de Janeiro (Brazil), and Lima (Peru) occupy the middle position in the ranking with prices from $2,100 to $2,400 per square meter.