Regional News

Real estate consultant Wellcot releases report on Latin American costs of main financial capitals

By Silvia Castro Betancourt 0 Comments NEWS, Regional News

South America is a gorgeous continent filled with commercial, agricultural, trade and financial opportunities. Its beautiful rivers, valleys, mountains and beaches beckon tourists and expats - but some of the most beautiful cities to live in South America are also some of the most expensive cities to live.

Real estate consultant Wellcot released a report on the cost of land in the main financial capitals of Latin America, which places Lima in third place.

The first place is for the city of Sao Paulo, in Brazil, with an average cost of US $3,893 per square meter of land, and then Mexico City appears with a value of US $3,646 per square meter.

In third place appears Lima with an average cost of US $3,077 per square meter, considering the prices that have areas such as San Isidro, Miraflores, Cercado de Lima and San Borja.

The fourth place is for the Colombian city of Bogotá with US $2,883 per square meter, followed by Santiago de Chile with US $2,444 per square meter.

According to the newspaper El Mercurio, there are several factors that indicate the value of the land, such as the economic activity of each country; the healthier the economy, the greater the demand from companies and multinationals to settle in, and therefore, the price tends to rise.

The above article was written and published in Spanish and has been translated into English. Click here to read the original article.

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