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Could you afford a holiday home in South America? Check out the prices in these 6 cities

Could you afford a holiday home in South America? Check out the prices in these 6 cities

vale_t / Getty Images

vale_t / Getty Images

Whether you’re drawn to South America’s fascinating history, lush beaches, expansive hiking opportunities or bustling metropolises, there’s plenty to do on the continent. There really is something for everyone, from foodies to nature lovers. While you can certainly visit South America often, if you can afford it, you should also consider buying a vacation property in South America.

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South America offers a wide range of available homes in many popular destinations, including Buenos Aires (Argentina), Punta del Este (Uruguay), and Santiago (Chile). You can find properties to suit almost any budget—from super-luxurious to basic and affordable. Here’s a look at the real estate market and average home prices in six popular South American vacation cities.

LuckyViks / Getty Images/iStockphotoLuckyViks / Getty Images/iStockphoto

LuckyViks / Getty Images/iStockphoto

Uruguay

  • Average price per square meter: 4,000 US dollars

  • Average 100 square meter house: 400,000 US dollars

Located just an hour north of Uruguay’s capital city of Montevideo, Punta del Este offers miles of sandy beaches lined with oceanfront properties. It’s perfect for vacationers who love sunbathing and water sports but don’t want to be too far from the action.

After a day at the beach, you can dine at one of Punta del Este’s famous restaurants or shop at the many artistic boutiques.

The real estate market in Punta del Este is quite affordable, especially when compared to other beach towns with similar amenities. You can find even better deals if you’re willing to buy further inland rather than right on the water.

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SamyStClair / Getty ImagesSamyStClair / Getty Images

SamyStClair / Getty Images

Buenos Aires, Argentina

  • Average price per square meter: $2,290

  • Average 100 square meter house: $229,000

Buenos Aires has a well-deserved reputation as Latin America’s most popular holiday city. Known for its stunning architecture, vibrant culture, fascinating traditions and abundant green spaces, it attracts millions of visitors every year.

Buenos Aires has over 160 museums, hundreds of theaters, one of the world’s best opera houses and an extensive nightlife. If you’re feeling adventurous, you can sign up for tango classes, as the city is the birthplace of the romantic dance. Other entertainment options include the city’s numerous nature reserves, including a Japanese park and the 350-hectare Costanera Sur Ecological Reserve.

The housing market in Buenos Aires is currently quite affordable, but analysts expect property prices to rise in the next few years, making it a good time to buy.

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tbradford / Getty Images/iStockphototbradford / Getty Images/iStockphoto

tbradford / Getty Images/iStockphoto

Cusco, Peru

  • Average price per square meter: $1,140

  • Average 100 square meter house: 114,000 US dollars

Avid hikers and history lovers can enjoy the best of both worlds with a vacation property in Cusco. Just two hours from the world-famous Inca citadel of Machu Picchu and close to numerous other attractions, including Rainbow Mountain, Humantay Lake, the Sacred Valley and the Cathedral of Cusco, you’ll find plenty of ways to spend your time.

When you’re not hiking or exploring the many attractions in Cusco, you can enjoy delicious Peruvian cuisine, stroll through the colorful San Blas neighborhood, or purchase fresh fruits and vegetables at local farmers’ markets.

Vacation rentals in Cusco are quite affordable. Although the city is not as big as others on the list, you can find all kinds of properties here, including houses and apartments.

dabldy / Getty Images/iStockphotodabldy / Getty Images/iStockphoto

dabldy / Getty Images/iStockphoto

Rio de Janeiro

  • Average price per square meter: $2,083

  • Average 100 square meter house: $208,300

No list of South American holiday cities would be complete without Rio de Janeiro, Brazil. The city is known for its famous beaches, including Copacabana and Ipanema, where sun worshippers can spend their days lazing on the sandy beaches of Rio de Janeiro. If you are sporty, you could enjoy a game of Subscribe toor footvolley, a type of beach volleyball that is played without hands and is often found on the beaches.

Rio de Janeiro also offers plenty of opportunities to explore. You can spend a day in Tijuca National Park, a vast rainforest that spans 3,600 hectares and is home to numerous species of wildlife. Or visit Sugarloaf Mountain, which is accessible by cable car and offers 360-degree views of the city.

The property market in Rio de Janeiro remains healthy, with prices up about 5% since last year. Considering everything the city has to offer, it’s a real bargain if you’re looking for a South American vacation home.

sorincolac / Getty Images/iStockphotosorincolac / Getty Images/iStockphoto

sorincolac / Getty Images/iStockphoto

Santiago, Chile

  • Average price per square meter: $2,470

  • Average 100 square meter house: $247,000

Chile’s largest city, Santiago, is located in the heart of the country. It is just over an hour from the major beach towns of Valparaiso and Vina del Mar and is also within driving distance of several ski resorts. No matter what time of year you plan to stay in your vacation home, you can take advantage of weather-appropriate activities.

Santiago also offers plenty of options for those who prefer to stay within the city limits. You can start by visiting San Cristobal Hill, a large urban park with numerous walking and biking trails. At the top of the hill is a gigantic statue of the Virgin Mary and offers stunning views of the entire city. If shopping until you drop is fun, spend a day at Costanera Center, one of the largest shopping malls in South America.

Santiago offers numerous cultural attractions, including the Metropolitan Cathedral, Plaza de Armas, and the Chilean Museum of Pre-Columbian Art. The city’s rapidly growing economy makes it an attractive place to own a vacation home.

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annshine / Getty Images/iStockphoto

Mendoza, Argentina

  • Average price per square meter: 1,300 US dollars

  • Average 100 square meter house: 130,000 US dollars

Mendoza is a wine and nature lover’s dream. It is home to countless wineries that produce most of Argentina’s famous Malbec wines and offer daily tours and on-site wine tastings. Mendoza also offers several delicious restaurants serving mouth-watering Argentinian steak that you won’t find anywhere else in the world.

When you’ve had enough of eating and drinking, you can enjoy outdoor activities such as whitewater rafting, rock climbing, horseback riding or hiking through the Andes Mountains. Several cultural sites are also nearby, such as the Museo Nacional del Vino, which explains the history of Argentine winemaking, or the Museo Nacional de Bellas Artes, an impressive 19th-century mansion full of beautiful artwork.

When you buy a vacation home in Mendoza, you have a place to go when you want a truly relaxing and restful vacation.

Photo Disclaimer: Please note that the photos are for representation purposes only, therefore some of the photos may not reflect the locations listed in this article.

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This article originally appeared on GOBankingRates.com: Could you afford a vacation home in South America? Check out the prices in these 6 cities