Mexico contains three of the 14 cities More expensive in Latin America (AL) to buy a departmentfiguring the capital of the country as the fourth city in the region with a higher value, according to the Real Estate Survey of Di Tella – Zonaprop.
According to the analysis, with data at the end of last March, the Mexico City (CDMX) registered a 1.9% lower value compared to September 2021, to place the price per square meter (m2) at 2,374 dollars for the buy from departmentswhich positioned it as the fourth most expensive city in Latin America.
Here is the list of the most expensive cities in Latin America to buy an apartment:
| Town | Price of the apartments in dollars per m2 |
| Santiago, Chile | 3,571 |
| Montevideo, Uruguay | 2,867 |
| Buenos Aires, Argentina | 2,570 |
| Mexico City, Mexico | 2,374 |
| Rio de Janeiro Brazil | 2,361 |
| Source: RIAL Di Tella – Zonaprop |
Also, the city of MontereyNuevo León, ranked eighth among the most expensive cities in the world to buy an apartment, with a value of 1,842 dollars per square meter, as well as GuadalajaraJalisco, which was located in the tenth position, with a record of 1,671 dollars per m2.
“These are not transaction prices, but prices requested by the seller as they arise from the classified ads on websites,” can be read in the report, which represents the median of the ads belonging to the neighborhoods that are considered for the methodology. of the analysis.
Within the report, it is highlighted that Latin Americaresidential properties inhabited by their middle and upper-middle classes, are usually an important long-term savings vehicle for such social sectors.
“The results provide valuable information for monitoring the real-estate marketwhich is useful for families, for the financial system and for analyzing the economies of the region,” the report highlights.