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Housing: Lima was the second city in the region with the highest rise in the price per square meter

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The latest real estate report prepared by Urbania and the Torcuato Di Tella University indicates that the price per square meter in Lima is at US$2,087, which represents an increase of 10.1% between September 2021 and March 2022. From this manner, the capital of Peru it is the second city in Latin America that presents the highest percentage variation in that period, only surpassed by São Paulo (US$ 2,100) with 13.9%. Meanwhile, the biggest falls were in Guadalajara (-5.1%), Montevideo (-1.9%) and Mexico City (-1.9%).

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“The real estate market in Latin America is always a reflection of how the economy of a country is doing. That is why the increase and reservoir of unsatisfied demand, and the permanent development of a innovative offer responds to the needs of customers in the region. In general terms, 2021 was a good year for the sector and with the new real estate proposals we are sure that it will continue to grow stronger”, assured Luciando Barredo, marketing manager of Grupo Navent, owner of Urbania and Adondevivir.

These are the cities in the region with the lowest and highest price per square meter:

Square meter price in the region. Photo: Urbania

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On the other hand, the average price in the 14 cities analyzed in nine Latin American countries was US$2,306.

The only cities that indicated an increase in their percentage change per square meter were São Paulo (13.9%), Lima (10.1%), Bogotá (9.3%), Rio de Janeiro (5.5%) and Santiago (3.8%).

Source: Larepublica

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