Sunday, December 08 2013 @ 11:19 AM EST
Contributed by: Anonymous
The arrival of foreigners and multinational companies in the country has increased the cost of rentals in the city to a 40% in the last five years.
In areas considered to be “class A,” the square meter of rent is $11.30, which means, renting out a 250 square meter apartment costs approximately $2,825 a month.
Also, the construction of public spaces such as the Coastal Beltway has given them more value.
This situation has caused a chain effect throughout the entire city, because in zones like Carrasquilla and Parque Lefevre renting a 70 square meter apartment costs approximately $800, when it was never over $500 a month in the past. (Prensa)