The price of real estate accumulated an interannual variation of 25%

The price of real estate accumulated an interannual variation of 25%

A new INE report showed that as of April, the median value of transactions was set at US$75,000.

He Statistics National Institute (INE) published a new technical bulletin referring to the Real Estate Activity Indicators (IAI) corresponding to the months of April and May, where it is recorded that the median of the prices in the real estate transactions had a year-on-year variation of 25% and settled in the 75,000 dollars in April.

In turn, in that same month of the year, the median price in dollars had a negative variation of 9.54% compared to the month of March. In April 2022, the monthly variation had been negative by 14.29% and the interannual variation was positive by 5.26%.

The price of purchase and sale registrations had a negative monthly variation during April of 4.14% for Montevideoand one of 19.35%, also negative, for the inside from the country.

On the other hand, based on data from the General Directorate of Registries, the INE showed that In the month of May, transactions were made for 4,506 real estate unitsrepresenting a monthly variation of 54.95%, and 15.33% in the last 12 months.

He 34.64% of sales registrations belong to Montevideo with 1,214 propertiesa 15.67% to maldonado; 13.56% are from Cannelloni; continuing rock with a 7.30%; and Cologne with the 4.95% of total transactions.

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Priority bookings increased in May

Priority reservations increased in May and reached 1,944, while other types of registrations in the real estate market totaled 144 movements, for a total of 6,594. In May of last year, the number of purchase and sale registrations had suffered a monthly variation of 22.40% and an interannual variation of 24.90%.

68.33% of the total shares in May corresponded to purchase and sale registrations, followed by priority reservations at 29.48%, and “other” movements at 2.19%.

Source: Ambito

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