Sí£o Paulo, Brazil, Has the Priciest Real Estate in South America

Buildings on the shores of Pinheiros river, in São Paulo, Brazil A new report just released by Reporte Inmobiliario, an Argentinean Real Estate consulting company, shows that São Paulo, the largest city in South America has also the highest prices in commercial and residential real estate in the region. Buenos Aires, the capital of Argentina, comes in second, followed by Santiago de Chile and Montevideo, Uruguay.

In the denominated "garden" towers, which include services and compound security the average price for a brand new flat, in Montevideo, is in the range of US$ 1,200 to US$ 1,500 per square meter (11 square feet) depending on the zone, materials quality and amenities.

For a similar category in São Paulo, prices range from US$ 3,000 to US$ 5,000 per square meter and in Santiago, the Chilean capital, US$ 1,500 to US$ 2.000. The same towers with amenities and security measures in Buenos Aires go for between US$ 1,800 and US$ 2,500.

Regarding office space, in Montevideo the highest category is selling from US$ 1,700 to US$ 3,000 a square meter with a monthly rent of US$ 14 to US$ 25 per square meter. In Santiago, prices range from US$ 1,850 to US$ 2,500.

In São Paulo, top office rents reach US$ 30 to US$ 50 per square meter and sell at US$ 2,500 to US$ 4,000 a square meter. In Buenos Aires the average rent is US$ 32 per square meter and the selling price is above US$ 2,500.

Commercial outlets rent for US$ 19 to US$ 30 per square meter in Santiago; US$ 25 to US$ 100 in São Paulo; 10 to 30 in Montevideo and 20 to 50 in Buenos Aires.

Construction costs of an average building in Montevideo is in the range of US$ 650 per square meter, while in Buenos Aires in the more consolidated areas it jumps to US$ 1.000, but for average quality ranges between US$ 600 and US$ 650 plus taxes.

Mercopress

Tags:

You May Also Like

Mass Killings by Drug Gang Don’t Worry Brazilian Investors

Latin American stocks tumbled as investors continued to take profits amid worries about rising ...

Each Brazilian Eats 12 kg of Pork a Year. Hog Raisers Plan to Raise This.

The Brazilian government intends to develop a National Hog Raising Plan to promote sustainable ...

Brazil’s Bradesco Gets R$ 1.2 Billion Net

Banco Bradesco  posted a net income of R$ 1,205 billion in the first quarter ...

Brazilian Makes History in New York, Winning Marathon in Debut Race

Brazilian MarÀ­lson Gomes dos Santos, 29, surprised everybody and made history this Sunday, November ...

Monica's Gang: An Adventure in Time, a Brazilian movie for children

Brazil’s Mônica Gang Joins Disney to Win the World

In the gloom of the cinema, 200 children find their seats and enjoy free ...

RAPIDINHAS

I’m Crazy for You, America By Brazzil Magazine

Rabbi Henry Sobel's Florida police mug

Brazil’s Top Jewish Leader Goes to Jail in Florida for Shoplifting

New York raised Rabbi Henry Sobel, 63, one of Brazil's most respected religious leaders ...

Brazil’s Fish Story: Big Plans to Develop Amazon’s Aquaculture

Brazil's Amazon currently produces approximately 200,000 tons of fishery products – around 20% of ...

Singing Along

In Brazil, children’s songs were performed with no instruments, always in a circle where ...

Brazilian Embraer’s 20-Year Forecast

Brazilian aircraft maker Embraer, based in the city of São José dos Campos, in ...