Puerto Madero in Buenos Aires, Argentina, was one of the most expensive neighborhoods for residential property in Latin America in 2023, with an average square meter price of almost 5,500 U.S. dollars per square meter. Ipanema in Rio de Janeiro and Del Valle in Monterrey completed the top three with average price of about 4,000 U.S. dollars per square meter respectively.
Average sales price of residential real estate in the most expensive neighborhoods in Latin America in 2023
(in U.S. dollars per square meter)
Characteristic
Price per square meter in U.S. dollars
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Based on over 50,000 listed properties on Properati and Trovit. One neighborhood per city was taken into account. Due to the volatility of local currencies, the average price of the dollar for the last six months was used for the prices of Colombia, Peru, Brazil, Mexico and Chile.
Exchange from local currency to U.S. dollars done with rates from October 31, 2023.
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Properati. (November 7, 2023). Average sales price of residential real estate in the most expensive neighborhoods in Latin America in 2023 (in U.S. dollars per square meter) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1091412/most-expensive-neighborhoods-for-residential-real-estate-in-latin-america/
Properati. "Average sales price of residential real estate in the most expensive neighborhoods in Latin America in 2023 (in U.S. dollars per square meter)." Chart. November 7, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1091412/most-expensive-neighborhoods-for-residential-real-estate-in-latin-america/
Properati. (2023). Average sales price of residential real estate in the most expensive neighborhoods in Latin America in 2023 (in U.S. dollars per square meter). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1091412/most-expensive-neighborhoods-for-residential-real-estate-in-latin-america/
Properati. "Average Sales Price of Residential Real Estate in The Most Expensive Neighborhoods in Latin America in 2023 (in U.S. Dollars per Square Meter)." Statista, Statista Inc., 7 Nov 2023, https://www.statista.com/statistics/1091412/most-expensive-neighborhoods-for-residential-real-estate-in-latin-america/
Properati, Average sales price of residential real estate in the most expensive neighborhoods in Latin America in 2023 (in U.S. dollars per square meter) Statista, https://www.statista.com/statistics/1091412/most-expensive-neighborhoods-for-residential-real-estate-in-latin-america/ (last visited August 24, 2024)
Average sales price of residential real estate in the most expensive neighborhoods in Latin America in 2023 (in U.S. dollars per square meter) [Graph], Properati, November 7, 2023. [Online]. Available: https://www.statista.com/statistics/1091412/most-expensive-neighborhoods-for-residential-real-estate-in-latin-america/
