Top 10 Most Expensive Neighborhoods in Latin America in 2022: Puerto Madero, Ipanema, Vitacura, and More!

2023-10-03 12:34:33

Compared to 2021, Puerto Madero (neighborhood in the image) decreased the price in dollars of its square meter by 1%.

Photo: El Diario

Properati, a real estate sales and rental platform in Latin America, made the list of the 10 neighborhoods with the most expensive square meter in the region in 2022.

The values ​​of 50,000 properties in 20 cities with high monetary value areas were analyzed and compared.

15 of the 20 cities studied presented a reduction in cost, valued in dollars. It is a phenomenon that occurs due to the devaluation of Latin American currencies against the US currency.

Also read: Milei leads the polls in Argentina, but would not win in the first round

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1. Puerto Madero

This neighborhood located in Buenos Aires, Argentina has remained at the top of this list for the last 5 years. Each square meter in Puerto Madero costs 5,921 dollars, that is, more than 24 million Colombian pesos.

Its view of the Río de la Plata increases its value and is the site of the tallest residential tower in Argentina, rising 239 meters from the ground.

2. Ipanema

It is the most expensive neighborhood in Brazil. It is located in the tourist area of ​​Rio de Janeiro and the value of its square meter is estimated at 4,028 dollars, that is, more than 16 million Colombian pesos.

It was founded in 1894 and you can easily find the most exclusive boutiques and nightclubs in Brazil.

3. Vitacura

Vitacura is located in the Chilean capital, Santiago de Chile. A square meter costs 3,570 dollars, almost 15 million Colombian pesos. It is the best-priced sector in the southern country.

It has around 85,000 inhabitants and has an area of ​​more than 28 square kilometers. Its residents are high and upper-middle income people.

4. Del Valle

This neighborhood is located in Monterrey, Mexico and is the most expensive area in the country, above other neighborhoods in the Mexican capital. Whoever wants to live in Del Valle must pay 3,566 dollars, 14.8 million Colombian pesos, for each square meter they live in.

It is a residential and commercial neighborhood with the most luxurious dealerships and very close to Parque Chipinque, a place for walking and cycling.

5. Vila Nova Concepción

A neighborhood in one of the cities with the highest cost of living in Latin America could not be missed. Vila Nova Concepción in São Paulo, Brazil has a cost of 3,404 dollars, a little more than 14 million Colombian pesos, per square meter.

Its nearby and varied menu of cosmopolitan restaurants makes it the most expensive area of ​​the second most important city in Brazil.

6. Carrasco

This is a sector located in Montevideo, capital of Uruguay. Each square meter costs 3,003 dollars, 12 and a half million Colombian pesos.

Its long beach line makes it very attractive for hotels, restaurants and bars. It is recognized for being a very safe place to walk and do outdoor activities.

7. Iron Gate

Puerta de Hierro is a neighborhood located in Guadalajara, Mexico. 2,900 dollars, a little more than 12 million Colombian pesos, per square meter is the price that must be paid to live in this area.

It was built by a private initiative that involves the owners of the Autonomous University of Guadalajara.

8. Bosque de las Lomas

It’s the turn of a neighborhood in Mexico City. With a cost of 2,639 dollars, almost 11 million Colombian pesos, for each square meter, it is the third most expensive Mexican neighborhood on this list.

This sector combines very well the elegance and modernity of the Paseo Arcos Bosques shopping center, with the tranquility and nature of the Colonia Palo Alto park.

9. The Falklands

To find the second most expensive town in Argentina it is necessary to leave Buenos Aires. Las Malvinas is located in Rosario and its cost per square meter is 2,250 dollars, 9.3 million Colombian pesos.

It was previously known as the Refinery neighborhood because it was home to three port terminals and a refinery. It imports and exports the cereal that arrives by railroad.

10. East Coast

Costa del Este is a neighborhood located in Panama City, the Panamanian capital. Each square meter is valued at 2,249 dollars, more than nine million Colombian pesos.

It has a plant independent from the rest of the city for wastewater treatment, and was designed to house residences with restricted access.

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