Spain versus Latin America: how much the square meter costs in Madrid, Barcelona and the big Latin American cities (October 2026)
Machine-assisted English version of the Spanish original by Aptología. All figures are locked to the original (numbers are copied, not re-translated); if in doubt, the Spanish original prevails.
The square meter of housing in Madrid is worth USD 6,091 according to the official value of the MIVAU (2026 -T2), 2.7 times the price ordered in Bogotá (USD 2,282). The most expensive Latin American city of comparison, Santiago (Chile), asks for USD 3,189 per m². For rent, Barcelona marks USD 18.7 per m² per month (Incasòl, 2025) compared to USD 15.2 in Bogotá.
Abstract: We cross the value of 9 large Spanish municipalities with the offer of Aptology in 9 cities.
Updated: 18 October 2026 (data from 18 October 2026) · Next update: monthly.
Summary
| Indicator | Value |
|---|---|
| Madrid, purchase (valuation) | USD 6,091 / m² |
| Bogotá, purchase (offer) | USD 2,282 / m² |
| Barcelona, rent | USD 18.7 / m² / month |
| Bogotá, rent | USD 15.2 / m² / month |
Comparative cities
| City | Buy USD / m² | Rental USD / m² / month | Source |
|---|---|---|---|
| Lisbon, Portugal | 8,383 | 25.8 | Aptology (offer) |
| Madrid, Spain | 6,091 | — | Officer (MIVAU) |
| Barcelona, Spain | 5,173 | 18.7 | Officer (purchase: MIVAU; rental: (b) |
| Palma, Spain | 4,288 | — | Officer (MIVAU) |
| Bilbao, Spain | 3,967 | — | Officer (MIVAU) |
| Málaga (Spain) | 3,733 | — | Officer (MIVAU) |
| Valencia, Spain | 3,342 | — | Officer (MIVAU) |
| Santiago (Chile) | 3,189 | 10.6 | Aptology (offer) |
| Montevideo, Uruguay | 3,040 | 15.3 | Aptology (offer) |
| Seville (Spain) | 2,981 | — | Officer (MIVAU) |
| Mexico City, Mexico | 2,894 | 18.1 | Aptology (offer) |
| Buenos Aires, Argentina | 2,558 | 13.5 | Aptology (offer) |
| Zaragoza (Spain) | 2,518 | — | Officer (MIVAU) |
| Medellín (Colombia) | 2,356 | 15.5 | Aptology (offer) |
| Bogotá, Colombia | 2,282 | 15.2 | Aptology (offer) |
| Lima, Peru | 2,185 | 10.0 | Aptology (offer) |
| Murcia, Spain | 1,776 | — | Officer (MIVAU) |
| Santiago (Dominican Republic) | 1,442 | 6.8 | Aptology (offer) |
Spain: value measured by m² of MIVAU (2026 -T2) and, for Barcelona, average income per m² of contracts registered in the Incasòl (2025). Latin America and Lisbon: prices ordered for apartments in Aptology, October 2026. The sources are not identical: the Spanish measures assessments and contracts; the Latin American, offers, which are usually higher.
Frequently asked questions
How much more expensive is the house in Madrid than in Bogotá? per square meter, about 2.7 times: USD 6,091 (official valuation) versus USD 2,282 (offer).
Is it more expensive to rent in Barcelona or Bogotá? In Barcelona: USD 18.7 per m² per month in contracts of 2025 versus USD 15.2 orders in Bogotá.
Methodology
- Source: night events of the Aptology database (aptologia.com) of 18 October 2026: current housing ads in real estate portals of 13 countries, collected by Aptology and seen online between 11 and 18 October 2026. Court: 18 October of 2026.
- Debugging: exact duplicates (same city, area, type, price, currency, area, rooms and bathrooms) and prices outside the percentile 1 - 99 of each country, operation, currency and type are removed; the price per m² uses only ads with declared area between 12 and 2,000 m² and is also cut to P1-P99.
- What is measured: prices ordered (published), not closing prices. For rent, monthly rent without HOA fee, common expenses or condo.
- Minimum sample: each published figure is based on at least 30 ads; cells with less are omitted.
- Coins: never mix different coin ads without converting them. Conversión a dólares con la tasa de mercado de ExchangeRate-API (open.er-api.com, actualización del 18 Oct 2026): 1 USD = 3,182.80 COP, 1 USD = 18.47 M.N, 1 USD = 5.09 BRL, 1 USD = 3.44 PEN, 1 USD = 982.44 CLP, 1 USD = 1,514.57 ARS, 1 USD = 40.20 UYU, 1 USD = 5,705.37 PYG, 1 USD = 61.27 DOP, 1 USD = 0.89 EUR, 1 USD = 11.72 BOB; la UF chilena a 41,178.64 CLP (mindicador,cl. 18-oct-2026). The ads published in dollars are used as they are.
- Spain: official data (MIVAU and Incasòl), non-ads; are converted from EUR to USD at the same rate. The Spanish figures are assessments and contracts, which are usually below the prices ordered.
- Limitations: The coverage depends on the portals that travel Aptology in each country and is greater in large cities and in the medium-high and high segments; the area is the one that declares the announcement, unverified; the area names come from the portals.
- Privacy: only aggregates are published; no personal data, link to ads or name of advertiser is published.
- Open data: datos.csv, CC BY license 4. 0.
How to quote
Pinzón Pineda, D. M. (2026). Spain versus Latin America: how much the square meter costs in Madrid, Barcelona and the big Latin American cities (October 2026). Aptology (aptologia.com). https://github.com/elbroker/aptologia-datos/tree/main/estudios/vivienda-espana-vs-latinoamerica-alquiler-y-compra-2026. Data: datos.csv, CC BY license 4. 0.
Sources and data
- DOI: 10.5281/zenodo.23460744 (Zenodo)
- Original study (Spanish): España frente a Latinoamérica: cuánto cuesta el metro cuadrado en Madrid, Barcelona y las grandes ciudades latinoamericanas (octubre 2026)
- GitHub (CSV, PDF): https://github.com/elbroker/aptologia-datos/tree/main/estudios/vivienda-espana-vs-latinoamerica-alquiler-y-compra-2026
- Hugging Face: https://huggingface.co/datasets/aptologia/vivienda-espana-vs-latinoamerica-alquiler-y-compra-2026