The results revealed that the cities with the most expensive m2 in the region are Santiago de Chile (US $ 3,441), Montevideo (US $ 2,923), Buenos Aires (US $ 2,600) and Mexico City (US $ 2,923). s2.420). In contrast, the cities with the cheapest m2 in the region are Quito (US $ 1,225), Bogotá (US $ 1,239), Córdoba (US $ 1,311) and Rosario (US $ 1,544).
Recently, an international study by the Swiss bank UBS that analyzes the situation of the real estate market in 25 of the main cities in the world, released a worrying fact: Argentines need 20 years of full salary to buy a 60 m² apartment near the city center.
Among the localities studied, this is the longest period. Below that are Paris (17 years old), London (14 years old), Tokyo and Singapore (13 years old). Meanwhile, buying a home in New York takes nine years, in Frankfurt and Madrid, for example, it requires six years of full salary in 2021, the same as it was needed 10 years ago. Accessing a home is less complex in Los Angeles and Miami, where it currently takes five and four years respectively.
Currently, the average price per square meter in the Autonomous City of Buenos Aires (CABA) is located at US $ 2380. If the salary of a Category F Administrative with five years of seniority and presenteeism is considered according to the current salary scale of Commercial Employees ($ 69,000), a worker can buy 0.16 m² per month. Thus, it will take 16.5 years to buy a 30 m² unit, if you use all of your income for that purpose.
Source From: Ambito
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