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Oct 26, 2013

El Salvador: inexpensive housing prices


Last Updated: Oct. 26, 2013
SAN SALVADOR –
apartments
COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
120 sq. m. 143,160 1,013 8.49% 1,193 8.44
225 sq. m. 269,325 1,944 8.66% 1,197 8.64
SAN SALVADOR –
houses
150 sq. m. 117,450 n.a. n.a. 783 n.a.
350 sq. m. 268,450 1,757 7.85% 767 5.02
Districts researched
San Salvador: Colonia Escalón, Ciudad Merliot, Maquilishuat, San Benito, Santa Elena, San Francisco, and San Salvador
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

San Salvador is not an expansive city, and buying an apartment there is not pricey. An apartment would typically cost around US$1,200 per square metre (US$115 per square foot).

Gross rental yields are a generous 8.5%, which means it generally makes much more sense to buy than to rent, and to be a landlord than a tenanct.






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