Properati, the portal specialized in searching, buying and renting real estate in Latin America, released its annual list of the most expensive neighborhoods in the region.
To gather the data, initially more than 30 thousand properties were analyzed, from different cities in Chile, Mexico, Brazil, Colombia, Peru and Chile.
According to the Properati ranking, The most expensive neighborhood in Colombia is Chicó, in Bogotá, where the average price per square meter is 2,104 dollars, which is equivalent to 7.6 million pesos.
The El Chicó neighborhood is located in the town of Chapinero. It is characterized by its excellent location since it is in the middle of the North Highway and the 7th race, between 100th Street and 88th Street where El Virrey Park is located.
On average, the cost of an apartment in this sector can exceed 900 million pesos. According to the Properati report, this neighborhood currently ranks number nine in Latin America, in terms of the price of the most expensive residential square meter.
Other neighborhoods in Colombia that are in the ranking are The Town in Medellin where the square meter is close to 4.7 million pesos, followed by Pance, in Cali, with an average price of 3.5 million and El Prado, in Barranquilla, where the value of the square meter exceeds 2.7 million pesos.
El Poblado is one of the best-known and oldest neighborhoods in the capital of Antioquia. This sector has 194,704 inhabitants, in addition to having a pink zone with the most exclusive places in the city.
On the other hand, according to Properati, the Pance neighborhood in Cali has beautiful and showy homes that give a touch of sophistication to the sector, in addition to having shopping centers and luxurious stores such as that of the renowned Colombian designer Silvia Tcherassi, and brand dealers like Mercedes Benz, Porsche and BMW.
Finally, El Prado de Barranquilla was born as one of the first urban developments in the city, in fact in March of this year, the centenary celebration of this neighborhood was held, which is characterized by its wide avenues, gardens and majestic mansions.
Properati highlighted that “in general all the neighborhoods of the continent have presented a decrease in prices per square meter, however, in Barranquilla, Cali and Medellín the trend is much more marked.”
According to the report, the prices of the exclusive zones in Colombia are similar to the cities of Ecuador, specifically in Quito, Guayaquil and Cuenca. However, the highest values, both in the upper class and in the middle class, are in countries such as Brazil, Chile and Argentina.
Within the research carried out by Properati, there are also the results of the middle class neighborhoods that are the most luxurious in the country.
In Bogotá, the Castilla neighborhood has an average square meter of about 4 million pesos, while La América in Medellín is around 3.4 million pesos, followed by Valle del Lili, with a price of 2.9 million, and Finally, there is the Bellavista neighborhood, in Barranquilla, where the square meter costs an average of 2.6 million pesos.
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Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.