Real estate prices had a strong positive variation of 13.33% year-on-year

Real estate prices had a strong positive variation of 13.33% year-on-year

December 21, 2023 – 16:46

The median of properties in dollars rose in September, according to the Real Estate Activity Indicators (IAI) of the INE.

Photo: Freepik

The prices of the estate showed a significant variation of 13.33% year-on-year in September, according to the latest bulletin of the INE about Real Estate Activity Indicators (IAI), which takes into account the median of the values ​​in the purchase and sale market.

In the monthly comparison, the prices They also registered an upward correction of 6.25% compared to last August, reaching a value of $85,000, according to the report that uses data from the National Registry Directorate and evaluates the progress of the real estate market.

Meanwhile, if the median price of the purchase and sale registrations that occurred in September is analyzed and compared with the previous month, there was a negative variation of 1.40% for Montevideo and a positive of 5.08% for the inside from the country.

Is that in Montevideo The median value was $117,000, compared to $118,662 the previous month and $107,942 in July. Instead, in the inside It stood at $57,792, a steady improvement compared to $55,000 in August and $48,000 in July.

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Purchase and sale registrations improved

On the other hand, the survey of INE showed that there was a positive variation in the amount of purchase and sale registrations, which reached 4,770 units in October, which represents an improvement of 10.72% on a monthly basis and a growth of 14.06% in the interannual comparison.

To the sales and purchases it must be added that they represented 69.09% of the total operations, 28.72% of the priority reservations, as appears from the IAI.

Finally, when investigating by region, Montevideo appears again at the head, with 37.53% of the total, completing the podium Maldonado, with 17.34% and Cannelloni, with 14.26%. Much later they appeared Cologne (5.18%) and Rocha (4.21%).

Source: Ambito

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