El Salvador: House Prices, Rents, and Rental Yields
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Last Updated: Oct 10, 2005
Yields are excellent in San Salvador
| Last Updated: Oct. 10, 2005 | |||||
| SAN SALVADOR - Houses | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 80 sq. m. | 50,000 | 350 | 8.40% | 625 | 4.40 |
| 100 sq. m. | 90,000 | 750 | 10.00% | 900 | 7.50 |
| 200 sq. m. | 150,000 | 1,000 | 8.00% | 750 | 5.00 |
| 300 sq. m. | 190,000 | 1,300 | 8.21% | 633 | 4.30 |
| 400 sq. m. | 275,000 | 3,000 | 13.09% | 688 | 7.50 |
| 500 sq. m. | 500,000 | 4,000 | 9.60% | 1,000 | 8.00 |
| 600 sq. m. | 625,000 | 3,500 | 6.72% | 1,042 | 5.80 |
| 700 sq. m. | 900,000 | 3,000 | 4.00% | 1,286 | 4.30 |
| 800 sq. m. | 800,000 | 5,000 | 7.50% | 1,000 | 6.30 |
| Source: Global Property Guide | |||||
A 400-sq. m. house in San Salvador would cost around US$275,000; while rents are around US$3,000 per month, a rental yields of 13%. Rental yields for other sized houses or mansions in San Salvador are around 6.5% to 10%.
Most foreigners are located in the capital, San Salvador (pop. 2 million) and its surrounding suburbs due to the protection offered by gated villages (El Salvador is infamous for its extremely violent street gangs, known as ‘maras’).
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