RIO DE JANEIRO, BRAZIL - The city of Rio de Janeiro records one of the highest cost per square meter m² in Latin America for upscale residential properties. In the capital of Rio de Janeiro, the average price per square meter stands at US$2,224, behind only Santiago (US$3,278/m²), Montevideo (US$2,857/m²), Buenos Aires (US$2,847/m²) and Mexico City (US$2,269).
Another Brazilian city, São Paulo, ranks 8th with a cost of US$1,744 per square meter.
The data are part of a Latin American Real Estate Survey (RIAL Di . . .