Prices of the apartments in South America (in USD and STEEM)
source
Living in Latin America for 6 years and spending over the year in three countries in this region, made me start wondering about the costs of buying the apartment here. Personally, I am oriented more on buying the land, building my own house, and starting a small permaculture project, but the apartment in some big city is a much more popular dream so I've decided to describe it rather than the land price.
I have reviewed several sources (links in footage) because there is no one page on Internet where I could accumulate all the needed data. I believe that thanks to this summary, many people who are looking for similar information will have it much easier.
The prices are from the end of 2020/beginning of 2021 and refer to the biggest cities - Rio de Janeiro in Brazil (because who would like to live in Brasil city :P) and capitals of the other countries. Please, notice that the economical differences are much, much bigger in Latin America than in Europe or Australia, so the prices vary a lot between different districts. I was trying to take the average price for the square meter from every city and count the estimated price of the apartment based on that, but the real price can be double or even triple in the most expensive districts as well as halved in the cheapest areas. In some cases, the smaller apartments do have a higher prices for the square meter than the bigger apartments and that data was included in my report as well.
To give a nice, personal touch to the post, I counted how much would we have to pay for the apartment in STEEM coin. Please, notice that the value of STEEM used in that post is 0.30 USD (in fact, it's a bit higher today, but I simplified it to count everything faster - it goes up and down constantly in the last few days).
| Country | 40m2 (USD) | 40m2 (STEEM) | 75m2 (USD) | 75m2 (STEEM) |
|---|---|---|---|---|
| Argentina | 80 000 $ | 240 000 STEEM | 175 000 $ | 525 000 STEEM |
| Bolivia | 37 000 $ | 111 000 STEEM | 69 000 $ | 207 000 STEEM |
| Brazil | 146 000 $ | 438 000 STEEM | 275 000 $ | 825 000 STEEM |
| Chile | 138 000 $ | 414 000 STEEM | 258 000 $ | 774 000 STEEM |
| Colombia | 50 000 $ | 150 000 STEEM | 93 000 $ | 279 000 STEEM |
| Ecuador | 49 000 $ | 147 000 STEEM | 92 000 $ | 276 000 STEEM |
| French Guyana | 90 000 $ | 270 000 STEEM | 190 000 $ | 570 000 STEEM |
| Guyana | 175 000 $ | 525 000 STEEM | 329 000 $ | 987 000 STEEM |
| Paraguay | 52 000 $ | 156 000 STEEM | 97 000 $ | 291 000 STEEM |
| Peru | 76 000 $ | 228 000 STEEM | 142 000 $ | 426 000 STEEM |
| Suriname | 14 000 $ | 42 000 STEEM | 24 000 $ | 72 000 STEEM |
| Uruguay | 116 000 $ | 348 000 STEEM | 220 000 $ | 660 000 STEEM |
| Venezuela | 21 000 $ | 63 000 STEEM | 39 000 $ | 117 000 STEEM |
List of the South American countries - ordered from the cheapest to the most expensive costs of buying the apartment
1. Suriname
The cheapest place to buy an apartment in Latin America is Suriname. 1m2 cost approximately 311 USD here. That charming, tiny town will work well for those of you who like high temperatures all year round, because of the tropical climate. It's not the most popular tourist or migration destination - most likely because the national language of Suriname is Dutch.
2. Venezuela
The current situation in the country does not create an inviting atmosphere for foreigners and immigrants. Venezuela is rather one of the countries with the highest emigration rate in the region. It has a rich culture though, wonderful nature and the most friendly people. The average price for a square meter in the capital city, Caracas is 520 USD.
3. Bolivia
It's not so easy to get a permanent visa in Bolivia, but if you really dream about it, I believe it's achievable. That culturally interesting country with Quechua and Aymara traditions visible on every step is closing our top 3 of the cheapest Latin American regions. The average price for 1m2 in the capital city is 920 USD.
4. Ecuador
I have to admit that this surprised me a bit. I haven't been to Ecuador yet, but I was always assuming it's more expensive than the countries around. It's not though - one square meter in the capital city is worth around 1 226 USD
5. Colombia
Beautiful beaches, good music, delicious food, and affordable prices - even though Bogota is much more expensive than the rest of the country, the value of the square meter is still low here: 1 240 USD
6. Paraguay
The country of Yerba Mate, Guarani culture, and... Mennonites in the north - all those intriguing elements you can have nearby if you will decide to live in Asunción. The city offers apartments at the moderate price of 1 293 USD
7. Peru
It's one of the most popular tourist destinations in South America, so I believe I don't have to introduce it to any of you. If you would like to live in that Andean country with rich culture and equally amazing nature, you can find apartments in Lima for 1 890 USD per square meter
8. Argentina
Right in the middle of our report, we have the capital city of the country where I live right now. Buenos Aires - one of the biggest megapolis in the world, invites everyone to live in there with the prices of the apartments worth 2 330 USD/1m2
9. French Guyana
That destination is much less popular and it was quite challenging to find the prices of the apartments there. French Guyana is still the colony of France, so the prices are closer to the European. One square meter is worth 2 550 USD here.
10. Uruguay
Montevideo may seem to be boring at first, but living in Uruguay has a lot of the good sides: it's the safest country in South America, the greenest (lowest air pollution and highest clean energy production per person), and one of the most liberal. The cost of the apartments: 2 950 USD/mm2
11. Chile
I used to live in Santiago de Chile for two years and I love that city. It's chaotic and weird, but also fascinating, untypical, and located in such a nice area - just in a few hours, you can visit the Andes or the Ocean. The average price of the apartments here is 3 440 USD/1m2
12. Brazil
Brasil, Brazil is a bit cheaper, but I have decided to include in that list the prices from Rio de Janeiro - it's closer to the Ocean, it has an amazing festival, and it's much more recognizable internationally. Unfortunately, it's also quite expensive. The prices of the apartments here are around 3 680 USD/1m2
13. Guyana
Who would suspect that the most expensive country in South America will be Guyana? maybe it's because of the fuel and gold that this country has and maybe, at least partially, because there are almost no apartments in Georgetown so I was comparing the prices of the houses in the same size. Anyway, Guyana will close our list with the most expensive square meter worth... 4 390 USD.
Inspiration and data - sources:
Cuanto cuesta un metro cuadrado en America Latina | cuanto cuesta un metro cuadrado en America Latina 2 | Costo de metro cuadrado en Asuncion en different barrios | precios de metro cuadrado en different zonas en La Paz | Costo de vida en Georgetown | Cost of living in different countries | Real estate Cayenne
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Thank you!
Thanks for the information, I have always wanted to stay in Venezuela, for now it's quite a huge sum of money for me but I'm hopeful that with hardwork, consistence and persistence I would one day make enough steem token to afford it
Dream big, work hard and don't let anyone tell you that it's impossible to achieve your dreams - that's what I always tell myself 😉
The world is not very fair and in some cases it's more difficult to achieve the same goal (if we'd born in Norway or Sweden, it would be nothing for us), but I want to believe that we both will get from the life what we dream about - you the place to live in Venezuela, me my own, small piece of land in Argentina.
Thanks for the encouragement, I really appreciate
Hey! Estás de vuelta👏👏👏
Ah! Yo también sueño con tener un terreno y construir algo lindo, estilo colonial, que siempre me ha encantado, con corredores donde pueda colgar lindas hamacas... También ahorro para que esté sueño pronto sea cristalizado. .. un abrazo @papi.mati
Si, volví hoy :)
Así es, un terreno cerca de la naturaleza, tranquilidad y seguridad - es todo que necesito. Estilo colonial y hamacas - me encanta ❤️
Saludos!
jajaja, es mi casa de ensueño, hasta la tengo dibujada
Sigamos soñando y creyendo que todo es posible (incluso lo que parece imposible)
Algún día cada uno de los que soñamos con tener algo propio, tendremos nuestro pequeño "eden" para sembrar lo que comemos y vivir en armonía con el medio ambiente.
Muy buena información, la verdad es que Argentina cada día se convierte mas costosa, sigamos invirtiendo para que en el futuro próximo logremos metas factibles.
Bienvenido de vuelta a casa.
#steemexclusive, #club75 :-)
Asi es, Argentina no es tan barata como 1 ano despues, especialmente para personas con ingreso en pesos... :( Pero me voy a continuar trabajar por mi "eden" y tengo faith (I don't know how to say "faith" in Spanish and trying to write without translate anymore. Is it "fe"?) que todo es posible :)
Gracias por su comentario, amiga!
Con fe todo es posible ☺️🙏
Yo vivo en Venezuela, aquí la vida es muy costosa, pero no dejo de soñar con mi terreno propio aquí en mi tierra, esa es la meta más grande que tengo y claramente es un sueño por el cual lucharé mucho. Buena información la que brindas sobre distintos países. Saludos!
Gracias! Donde en Venezuela vives? Tengo una familia y amigos de alla. Si, como siempre, como en cada pais, hay lugares mas caros (Isla Margarita) y mas baratos... Aqui en Argentina lo mas cara es Patagonia (Sud)
Si justamente en Venezuela estoy, claro Margarita es muy costoso, pero en realidad en todo el pais la economía esta elevada, pero se puede vivir bien con mucho esfuerzo y trabajo. Me gustaría visitar Argentina para ver un partido de Fútbol, allá tienen una gran pasión con eso y estar en un Stadium me encantaría.