Mexico City is the fourth most expensive city from Latin America (LA) to buy a house, only after Buenos Aires, Argentina; Montevideo, Uruguay and Santiago, in Chile, according to an analysis carried out by the Center for Research in Finance (CIF) of the Business School of the Torcuato Di Tella University in conjunction with Zonaprop.
According to the quarterly analysis, corresponding to the end of last September, the price per square meter in Mexico City it is 2,420 dollars, while in Buenos Aires it is 2,600, in Montevideo it is 2,923 and in Santiago it is 3,441 dollars.
“The objective of the survey is to know the price of the properties typically inhabited by young professionals in neighborhoods of different cities … The calculation is made from the price requested in the sale notices on websites belonging to the firm Navent (Zonaprop) and other public sources ”, can be read in the analysis methodology.
According to the document, the price per square meter that was recorded in the Mexico City At the end of last September it had an increase of 1.5% compared to the end of March of this year.
According to the report, city of Monterrey It was the one that had, at the end of September of this year, the highest increase, of 6.8%, compared to the end of March of this 2021, to register a price per square meter of $ 1,878.
Also, the city of Guadalajara, registered a price of 1,761 dollars, that is, an increase of 5.4% compared to the previous quarter.
The report recapitulates the prices recorded in the 14 most important cities in Latin America and recorded an average price in the region of $ 2,000.