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 |
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| 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 |
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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.