The median values fell in January, but remain well above the figures from the beginning of last year.
The prices of the estate They started the year with a slight negative monthly variation of 0.49%, although in any case the median of the values in the real-estate market of Uruguay was $84,000 in January, 20% above the last survey of the INE.
This emerges from the latest bulletin on Real Estate Activity Indicators (IAI), which takes into account the median values in the purchase and sale market, at a time when many Uruguayans prefer to rent.
In this way, it appears that the median property values are well above the 70,000 that they were worth in January 2023, although still without reaching their maximum peak of the last few months, which was last September, with 85,000 dollars.
Regarding the amount of purchase and sale registrations, which analyzes data from February, the INE revealed that 3,063 were registered, of which 34.54% belong to Montevideo, 19.33% to Maldonado, 12.47% to Cannelloni, 5.16% to Rocha and 4.8% to Cologne.
In turn, a decrease in the median price of purchase and sale registrations was observed compared to the previous month, which reached 0.90% for Montevideo, standing at $110,000, in contrast to the 16.67% improvement for the inside of the country, where the value reached 70,000.
Opportunity for investors in the real estate market
At home, investors could echo the recent improvement on the part of Moody’s, that raised the credit note at the highest level in Uruguayan history, opening opportunities for the construction and the real estate market.
In that sense, the program Promoted Housing appeared in 2012 as one of the key modalities to access the dream of owning one’s own home and energize the sector, including investment who access tax exemptions, under the condition that they are located in certain areas defined by each Municipality.
Currently, the program has already approved 1,363 projects that include 36,593 homes; In addition to the existence of 98 projects under study that could add another 3,811 homes, raising the total to 40,404.
Source: Ambito
