Montevideo is in second place among Latin American cities with the most expensive square meter in the region, only behind Santiago de Chile, according to a report prepared by the University of Torcuato Di Tella together with Zonaprop.
The list, which reports an average rise in prices in dollars of 1.9%, places a the capital of Chile in first place, with a value of US$ 3,571 per square meter, and Montevideo in second place, with an average of US$ 2,867. They are followed by Buenos Aires (US$2,570), Mexico City ($2,374) Y Rio de Janeiro ($2,361).
Source: Zonaprop and Torcuato Di Tella University
Most of the cities had a drop in the value of the square meter. Although, there were three exceptions: Santiago de Chile, with an increase of 3.8%, Rio de Janeiro, which had an increase of 5.5%, and São Paulo, with a rise of 13.9%. In the case of Montevideo, Despite the drop in values –they fell 1.9%–, prices continue to be among the highest in the region.
“These are not transaction prices, but values requested by the seller according to the classified ads on websites. To avoid frequent biases in this type of measurement, we focus on certain neighborhoods in each city. These neighborhoods are those in which young professionals typically live.“, Explain the authors of the survey.
The Chronicler-RIPE
