Real estate prices fell 2.43% year-on-year in dollars

Real estate prices fell 2.43% year-on-year in dollars

Values ​​fell back in Montevideo and advanced in the interior of Uruguay. Regarding the sale, there was an increase of 7.02%.

The prices in Dollars of the properties showed a setback of 2.43% year-on-year, while they observed an increase in 3.43% monthly, according to the latest report of Real Estate Activity Indicators (IAI) Prepared by the National Institute of Statistics (INE), that relieves the state of the market for the sale of Uruguay.

From this it arises that the registrations in the purchase and sale operations grew a 7.02% in March compared to the same month last year, with a total of 4,514 operations, which also represents an increase in 56.30% in the monthly variation.

Refering to median prices, in February of this year was $72,400, a lower figure compared to the 74,200 measured during the same month of 2022, but higher if the 70,000 of December and January.

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Something similar happened in Montevideo, where the values ​​went from $108,000 to 103,750 in the same period, while properties appreciated in the inside of the country, passing from 50,000 to 57,000.

The number of operations showed growth

On the other hand, the report of the INE showed that throughout the month there were 4,514 real estate operations, which represented an interannual variation of the 7.02%, since during the same month of 2022 they were 4,218. If the monthly variation is taken, the figure was even higher, with a rise of 56.30%. It is that last February the transactions were 2,888.

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Of the total discharges, one 35.93% occurred in the city of Montevideo, while 17.61% belong to the department of maldonado and 13.60% in cannelloni. further back they appeared Cologne and Rock, both with little less than 5% of the transactions.

Plate Transactions.jpeg

Regarding the Priority Reserves, the study shows that they occupied a 29.14% of the total, with 1,939 operations, while there were 202 transactions that fell into the “Other” category.

Source: Ambito

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