The Uruguayan real estate market is going through a time in which social housing projects have a wide margin for growth.
He real-estate market It is the sector where investors take refuge from the volatility of the markets and the instability of the economies in the region. The search for options that are presented as a safe and cost effective alternative Investing is one of the most recurring challenges for those who hope to make their savings work. Uruguay It is a country that has proven to be an example due to the stability and predictability of the economy and the social political consensus for investments.
In this sense, in recent times innovative proposals have emerged in the real estate sector, which offers units to be built, but with the 100% of demand covered. They are construction projects social housing, which has a wide margin for growth in Uruguay, specially in Maldonado, where there is a real need to be resolved and that is not being adequately addressed today.
Unlike the most common opportunities in the sector, which tend to be well investments, with the finished unit as the final product and the option to sell or rent once it is completed, these projects seek to give investors a different projection where the Uncertainty over the fate of the property has now been resolved. These initiatives are intended to small investors, who are looking for a secure profitability, with projection of low risk.
The Uruguayan real estate market is experiencing a very good moment, both the city of Montevideo and its metropolitan area, such as Punta del Este and Maldonado. The neighboring country is going through a very healthy period of development by construction companies and developers and, while the luxury or vacation housing market is saturated, the social housing sector has a lot growth margin and one sustained demand which is projected to be stable for the next 5 years. Currently there are 10,000 homes that meet these needs, but demand is more than 50,000, which makes it a highly attractive segment for investment.
Without a doubt, this is a key moment to venture into these new assured sales models among which stands out an 18-month proposal for the construction of 28 houses, with 2 and 3 bedrooms with parking and barbecue that has a subsidy, for the final buyer, of 30% from the Ministry of Housing and 70% financing by the Mortgage Bank of Uruguay.
The construction sector in Uruguay consolidate this growth to meet the housing needs that today maintain 100% demand and that can be expanded to other regions of the country.
Source: Ambito
