Montevideo was once again positioned as the most expensive city in Latin America according to the study of Research and Finance Center (CIF) of the Di Tella University of Buenos Aireswhich listed the 14 most expensive cities in the region—including Urugbuay—based on the price of apartments, measured in dollars per square meter.
It is not the first time that Uruguay tops the ranking represented by Montevideo: In the two previous editions of this study, the capital had already ranked first among the most expensive cities in Latin America.
According to the report, which collected data through September, the average price per square meter in the Uruguayan city it is $3,166. The previous edition closed in March, meanwhile, had registered a price of $3,146. This means a 0.6% increase in real terms; although if the variation in real local currency is considered, that is, measured in Uruguayan pesos, the value fell 2.8% —the largest decline of the cities analyzed, although insufficient to drop in the ranking.
Likewise, according to the report, the neighborhoods observed “are those where young professionals typically live.” In Montevideo, There were four neighborhoods analyzed: Diving, Parque Rodó, Pocitos and Punta Carretas.
How is the ranking completed?
In the ranking led by Montevideo It was followed, on this occasion, by two Mexican cities: Mexico City, with a value of 2,948 dollars per square meter; and Monterey, with 2,621 dollars per square meter.
They complete the CIF list Guadalajara Mexico, $2,535); Santiago, Chile, $2,499); Rio de Janeiro Brazil$2,401); Buenos Aires, Argentina$2,358); Saint Paul (Brazil, $2,283); Lima Peru$2,139); Panama City (Panama$1,761); rosary beads (Argentina, $1,431); Cordova (Argentina, $1,368); Bogota Colombia, $1,254) and Quito, Ecuador, $1,202).
In addition, Montevideo was located very above averagewhich was 2,140 dollars per square meter, as well as the average capital, which was 2,179 dollars.