The analysis revealed that since 2018, Buenos Aires is one of the cities that suffered the worst change with respect to the ability to purchase property and is third in the ranking.
A new investigation of the British company Online Mortgage Advisor revealed in which places in Latin America buy or rent a property is more difficult, taking into account that the wages they do not always manage to cover all the needs in the middle of a high inflation for food.
The analysis revealed that since 2018, Buenos Aires It is one of the cities that suffered the worst change with respect to the ability to purchase properties and is ranked third in the ranking, after Brasilia and Santiago de Chile. To carry out this research, we compared how many square meters a person earning the average annual salary in each city could acquire. In turn, it was also possible to determine that those who live in CABA now require 24.6% more of their salaries to pay the rent.
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A person who earns an average salary in Brasilia can only afford to purchase 2.9 square meters, which means that it is 1.3 square meters less than in 2018. In Santiago de Chilethe second city with the highest difference, an employee with an average salary can acquire only 3 square meters now, which means 0.9 less than in 2018. Buenos Aires and Belo Horizonte are the third in this top.
Santo Domingo It is the city that registers the largest change regarding the economic capacity for rent in the region. In 2018, those who earned an average salary in the capital of the Dominican Republic had to spend an incredible 110% of their income renting an apartment in the center. This figure has increased in the last four years to 198%.
Ranking: in which countries the rental price exceeded wages
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Brasilia saw the worst change in property purchasing power in Latin America, according to the analysis. In 2012, employees earning a living wage in this city could afford 4.22 square meters of space. This figure has been drastically reduced to just 2.9 square meters, creating a difference of 1.3 square meters.
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Santiago de Chile ranks second (-0.9 square meters of difference). Belo Horizonte and Buenos Aires They rank as the third city where it is most difficult to buy a home (-0.8) and now they can only buy 2.1 square meters, when in 2018 they could buy up to 2.9 square meters.
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Medellin In colombia, sao paulo in Brazil and Lime in Peru there are other Latin American cities that are located in the ranking with an increase in the difference in square meters that they can now acquire with average salaries.
- Belo Horizonte and Buenos Aires They rank as the third city where it is most difficult buy a home (-0.8) and now they can only buy 2.1 square meters, when in 2018 they could buy up to 2.9 square meters.
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Source: Ambito
