Mexico City, Among the Latin American Cities with the Most Expensive Land Prices

Land prices for construction in Latin America contain several differentiating elements. These include high demand, the cost of the land (due to its location), availability, and physical characteristics, which are some of the factors that influence the price per square meter.

Mexico City (in the photo) is one of the cities with the highest price per square meter in LATAMs. Photo: Leonid Andronov.

04/09/2021

Land prices for construction in Latin America contain several differentiating elements. Among these, high demand, land cost (based on location), availability, and physical characteristics stand out as factors that influence the price per square meter.

The study revealed that the cities with the highest price per square meter were Santiago, Chile ($3,278 per square meter), Montevideo ($2,857), Buenos Aires ($2,847), and Mexico City, with $2,269.

According to analysts from the real estate platform Lamudi, the price per square meter is calculated based on specific criteria, making it challenging to establish a general average. In Latin America, the price per square meter increased by almost 2% in dollars according to the September 2020 Real Estate Survey of Latin America.

Read the full article in Spanish.

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