The prices of the estate had a negative monthly variation of 8.54% in November, according to data from the latest bulletin of the INE about Real Estate Activity Indicators (IAI), which is based on the median of the values in the purchase and sale market.
In parallel, the evolution of real-estate market showed that the purchase and sale registrations In December they had an improvement of 26.66% compared to the previous month, with a total of 5,924 units.
The median of the values in November was 75,000 dollars, which in the accumulated value of the last 12 months implies a downward correction of 5.06%.
When analyzing by region, in Montevideo The median price was $109,000, a drop of 11.27% from $112,573 the previous month. In it inside The value was 53,235 dollars, a decrease of 3.17% compared to 60,000 in October.
Regarding sales registrations, the department with the largest amount was Montevideo, with 36.54% of the total, followed by Cannelloni, with 17.06% and Maldonado, with 13.77%. Further back they appear Cologne (4.94%) and Rocha (3.61%).
Argentine investors in the real estate market
The CEO of Moebius Real Estate Consulting, Gonzalo Martínez Vargas, recently highlighted the continuity of the Argentine investments in the real estate market, beyond expectations about a possible retraction after the assumption of Javier Milei as president, in part thanks to the housing law promoted, which caused more than 6,500 people to invest from the neighboring country, mainly for rent.
However, the economic stability and legal security, added to the geographical and cultural proximity and the possibility of protecting assets from market fluctuations in that country, ratified investments from the neighboring country, mainly in Punta del Este and Montevideo.
Source: Ambito
