Square Metre Prices in Brazil compared to Latin America

The tax levied on the average annual income on a rental apartment/property in the country based on a gross rental income of $1500/month. We assume that the property is owned by nonresidents. These tax rates might be subject to deductions (e.g from interest payments, costs).

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Brazil $ 4,833
Argentina $ 3,660
Panama $ 3,606
Chile $ 3,256
Mexico $ 2,834
Uruguay $ 2,794
Peru $ 2,713
Colombia $ 2,189
Costa Rica $ 1,938
Ecuador $ 1,320
El Salvador $ 1,193
Nicaragua $ 893

Brazil does not publish official house price indices. but a private, non-profit organization, Fundação Instituto de Pesquisas Econômicas, has published monthly house price statistics for Sao Paulo since January 2008. General economics statistics data are from the Banco Central do Brasil and the Instituto Brasileiro de Geografia e Estatistica (also in English).