Montevideo It continues to be one of the most attractive options when analyzing the purchase or rental of a property and the neighborhood with the greatest demand is little, followed by Cord and Center, According to a report prepared by Free Market Uruguay.
The report for the second quarter of 2023 of the Real Estate sector of the platform also specified that since January 2021 there has been a continuous increase in rents in apartments in the Uruguayan capital, while, between the first and second quarter of 2023, rents They increased an average of 1,000 pesos.
The survey reflected that the average m2 price for sale of real estate is $3,015.83 in Montevideo, an index that remained stable, beyond the slight rise in the first quarter of the year. Regarding the sale of houses, stability is also the norm, with an average price per m2 of $1,669 in April of this year.
By focusing on Pocitos, it emerges that the 61% of rental properties are above 40,000 pesos. This is the neighborhood that generates the most interest in the capital, with a 11.2% of searches for rentals and sales of Mercado Libre, which has a total of more than 9,000 active publications in that neighborhood, of which 89% are apartments.
What are the best valued areas to buy?
By inquiring into the best valued areas across the country for a sale, the report highlighted Puerto del Buceo, Carrasco, Villa Biarritz, Punta Gorda, Punta Carretas and Pocitos, where the highest prices are also detected when renting.
The square meter of sale in Puerto del Buceo is the most expensive in Montevideo, costing $4,097 in the second quarter of this year 2023, above Carrasco (4,007 dollars), Villa Biarritz (3,916 dollars), Punta Gorda (3,877 dollars) and Punta Carretas (3,821 dollars). Further back are Pocitos Nuevo (3,543 dollars) and Pocitos (3,348 dollars).
In City of the Coast, Miramar Park It is the neighborhood that leads the list by m2 in houses for sale, with 2,957 dollars, followed by Carrasco bar ($2,585) and Carrasco Park ($2,119).
In turn, the report pointed out that in Montevideo and Punta del Este the most sought after are one bedroom apartments, while those with two bedrooms are in greater demand in Ciudad de la Costa. However, one-bedroom properties account for almost half of the searches in the category.
Paul Brener, Senior Manager of Mercado Libre Real Estate for Uruguay and Argentina, highlighted when analyzing the data that “the market is very active and users find on the platform various options and tailored to their interests. On the different points, he valued that “the coastal area is always in high demand and that is how we continue to see it”, while adding: “The growth in Ciudad de la Costa also continues to consolidate with a very strong activity of rental and sale of houses”.
Source: Ambito
