Montevideo Tops Latin America’s Housing Price Rankings as Regional Dollar Prices Rise

A semiannual survey shows a 6.2% regional rise in listed dollar prices, underscoring how currency dynamics shape divergent city trends.

Overview

Montevideo leads at US$3,209 per square meter, followed by Mexico City (US$2,909), Monterrey (US$2,787), Guadalajara (US$2,717) and Buenos Aires (US$2,622).
The most affordable markets are Quito (US$1,200), Rosario (US$1,733), Córdoba (US$1,750) and Panama City (US$1,881).
Across the 12-city sample, asking prices rose 6.2% in nominal US dollars, 4.5% in real US dollars and about 1.2% in real local-currency terms.
Guadalajara posted the largest semester gain at 14.7% in dollars, with São Paulo up 13.2% and Rio de Janeiro 9.5%, while Montevideo fell 3.6% and Quito 1.2%.
Mexico City and Monterrey also climbed in the latest period, with dollar prices up 9.1% and 7.5% respectively, based on listing data from Grupo QuintoAndar platforms compiled by CIF/UTDT with Zonaprop and Urbania.