It is becoming increasingly difficult for the middle class have the money enough to pay a mortgage deposit or even to get a mortgage in the Bank.
Indeed, in recent decades, global middle-class incomes have stagnated, while the piece of cake that concentrates 10% richest population has grown, according to a recent report by the Organization for cooperation and development economies ICO (OECD).
In this context, the large Latin American cities have experienced a sharp increase in the value of the departments, especially in neighborhoods inhabited by young professionals.
Buenos Aires (Argentina) has half square meter most expensive in Latin America, followed by Santiago (Chile), Montevideo (Uruguay) and Rio de Janeiro (Brazil), according to a study by Universidad Torcuato Di Tella (Argentina) and the consulting firm Navent, which is They analyzed 14 major cities in the region.
The average price of square meter in Buenos Aires is US$ 3.125; US$ 3.111 in Santiago; US$ 3.051 in Montevideo and US$ 3,039 in Rio de Janeiro (Brazil).
Major and minor increases
The research concentrated in some of the towns richest region, calculating the price by an average of compraventapublicados ads.