The value of a house of this type in the main cities of Latin America goes up to US$306,000. How many remunerations Are the minimum requirements required to acquire a property in Peru?
- What are the minimum wages in Latin America and which countries have the best and worst remuneration?
- How much does an accountant earn in the State, according to public calls?
At the end of 2022, the average price per square meter in the main cities of Latin America fell by 4.4%, according to a report published by the Business School of the University of Torcuato Di Tella.
According to an analysis by Bloomberg Línea, Acquiring a 100 square meter home costs from US$100,000 to US$306,000. These amounts will depend on the location, supply and demand of each country.
In order to have a comparable measurement, the aforementioned specialized business medium calculated how much the average price per square meter is equivalent to, the price of a home of this type and the minimum wage Of each country. After obtaining the result, they updated the dollar value of each basic remuneration with the exchange rate as of April 10, 2023.
Which countries allocate more minimum wages to buy a property?
As can be seen in the table, the three countries where more minimum wages are needed to buy a house of 100 square meters are Argentina, Brazil and Peru.
In Buenos Aires 1,186 salaries are required to acquire a property for US$242,000; in sao paulo 811 minimum wages are needed to buy a US$210,000 property; and in Lime 745 minimum wages are necessary for a sale price of US$201,000. In contrast, the countries that allocate less minimum wages to purchase a home are Panama, Colombia and Ecuador.
| countries | Housing cost of 100 square meter |
# Minimum wage | minimum wage in dollars |
| Argentina | $242,100 | 1,186.76 | $204 |
| Brazil | $210,900 | 811.15 | $260 |
| Peru | $201,400 | 745.92 | $270 |
| Mexico | $242,400 | 698.55 | $347 |
| Uruguay | $305,400 | 560.36 | $545 |
| Chili | $272,400 | 544.8 | $500 |
| Panama | $170,300 | 522.39 | $326 |
| Colombia | $110,800 | 436.22 | $254 |
| Ecuador | $120,400 | 267.55 | $450 |
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
