Price/Rent Ratio in Venezuela compared to Latin America
This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.
- Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
- Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
- Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Last updated June, 2024
| Argentina, Buenos Aires |
22 yrs
|
| Chile, Santiago |
21 yrs
|
| Uruguay, Montevideo |
19 yrs
|
| Brazil, Sao Paolo |
18 yrs
|
| Mexico, Mexico City |
18 yrs
|
| Peru, Lima |
17 yrs
|
| Panama, Panama City |
16 yrs
|
| Jamaica, Kingston |
15 yrs
|
| Dominican Republic, San Juan |
15 yrs
|
| Puerto Rico, San Juan |
14 yrs
|
| Colombia, Medellin |
14 yrs
|
| Costa Rica, San Jose |
14 yrs
|
Venezuela has no house price statistics, but there are construction cost time-series at the Banco Central de Venezuela site, which also has general statistics. There are also statistics at the Instituto Nacional de Estadist'ca under the Ministerio del Poder Popular para la Planificaci'n y Desarrollo.