Although prices in Uruguay were always in dollars, since Houses in the Easta portal specialized in rentals in Uruguay, expect the increases to be around 2% year-on-year, below inflation in dollars.
But, due to the value of the dollar in Argentina and the general economic situation, they detected that the demand changed. They expect visits are shorter even if the flow of visitors is sustained: the average stay would be around 10 days, five days less than usual. However, they hope that there will be a greater tourist exchange and the number of visitors will not be reduced.
Another change in demand they found is that some destinations gained competitiveness in recent times, such as a 23% year-on-year rise in searches for accommodation in Piriápolis, a beach near Punta del Este but slightly cheaper, mainly by young people.
Despite Argentina’s economic difficulties, in Uruguay there is optimism for this summer: “It is a season that started early and with great force, and as usual, the units with the highest value in Barra Manantiales and José Ignacio (both close to Punta del Este) were quickly booked. There are still three months to go, but the beginning is very good, ”he told Ámbito Gustavo Pereira, owner of the Uruguayan marketer Amarras.
From Casas en el Este they share the optimism and hope, based on user queries on their website, that the occupancy levels are similar to those of the previous season when 90% of the available places were filled in the first 20 days of January.
In the local plane a good flow of visitors is also expected despite the economic scenario. “The demand is very important in premium properties and in this segment there are fewer homes for rent because their owners are going to use them, so the relationship between supply and demand causes prices to increase, beyond inflation. Rentals in this segment are specified in bill dollars with an increase of 30% compared to last year and 50% for rentals that are agreed in pesos”, he told Ámbito Gustavo Marble, of Marble Real Estate.
From real estate Celtic share the appreciation of the lower housing supply, mainly in Pinamar. There they detected that in the rentals they manage they had price increases that reached 90% and 100% in some cases. They also share the appreciation that there is less supply because many owners did not put their houses up for rent. Among the available homes, as of September they had an occupancy rate of around 70%.
Another novelty that they detected from Celtic is the influx of new visitors: In Cariló, marked by regular tourists, since last year there has been an increase in people from the City and the province of Buenos Aires, but also from other provinces, among which Santa Fe stands out and in particular Rosario.
how much does it cost to rent
Uruguay
In areas of the Uruguayan coast such as the Peninsula Brava or Masaa one-bedroom apartment for the first fortnight of January starts at US$3,500. Two-bedroom, from u$s5,500and three, from $7,500. As indicated by Amarras, prices remain similar to those of 2019.
in the department of Maldonadowhere it is located east end, the rent per night during the first fortnight of January (the time most demanded by Argentines) ranges between US $ 200in Playa Mansa and Playa Brava, and the $250in Manantiales, La Barra and surroundings, according to data from InfoCasas.
On beaches like Piriápolis and Atlántida, the night is between US$150 and US$110. In La Pedrera, the night starts from u$s190.
Atlantic Coast
The prices of the properties vary according to location and amenities that it has, but from Mármol they detailed that a premium house in a gated community of Pinamar It has an average cost of US$10,000 for January and US$8,000 for February. If the rent is for the fortnight, increases 15% about what corresponds to the period.
The departmentsmeanwhile, in areas close to the sea and with amenities, range between u$s100 and u$s250 per day. In this type of lodging, a new condition was added: they have a minimum reservation of one week.
For its part, in the cabins from the coast, the day oscillates between $25,000 and the $40,000, While for the month can be between $180,000 and $250,000always subject to the location, the number of rooms and amenities it has.
Source: Ambito

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