[Yuri]

That’s an interesting question, I don’t know the answer, but I can throw some numbers for São Paulo. I will work with nominal USD as it’s more tangible.

Brazilian GDP per capita is on US$ 10,000 (the US is near US$ 60,000, Canada around US$ 50,000). São Paulo metro area is twice as higher, at US$ 20,000 and 3x lower than the average big North American metro area.

São Paulo sq meter (1sq m = 9sq feet) in those highrises districts is selling for R$ 20,000 (US$ 5,000). Not sure how that would compare with North American metropolises whether it’s relatively cheaper or more expensive. A person working on construction will make R$ 3,000 (US$ 750) plus benefits. Don’t know either how it compares, but I guess it’s more expensive than North America.

Zoning laws in São Paulo are relatively strict and unlike the general impressions, less than 30% of households are apartaments. Brazilians tend to like better/solid building materials and cities made by dry walls are unimaginable down here.

I guess it might have shed some light on this matter.