Cities With the Most Expensive Apartments in LatAm
Santiago, Chile, boasts LatAm's priciest apartments, while Mexico's tech hubs see a 47.5% price surge.
A 2021 study revealed the most expensive cities to live in Latin America, measured by apartment square meter prices. The study also showed an overall decline in Latin American real estate value. Eight out of 14 cities saw price decreases compared to 2017 — an overall 0.5% decline across all cities.
With an average price of $3,441 per square meter, housing in Santiago, Chile, is the most expensive in the continent. That price would put a 150 m² apartment at above half a million US dollars. However, price increases in the city have slowed down from their explosive 7.32% growth in 2019 to merely 1.7% during 2020. Brazil’s Rio de Janeiro and Sao Paulo have seen price declines of 43% and 23%, respectively, since 2017.
On the other hand, three Mexican cities have seen the largest overall increase in residential prices. Real estate prices in Mexico City and Monterrey have increased 28% and 32%, respectively, since 2017. The biggest jump happened in Guadalajara’s (known as a Mexican tech hub) prices, which increased 47.5% in that same period.
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