The capital of Uruguay It is characterized by being one of the most expensive departments in terms of purchasing and renting properties, a premise that is confirmed with the latest report from Free market where the most expensive properties are listed Montevideo.
According to the sales platform report you accessed Ambit, Based on the average of published prices, a significant increase was observed in most of the capital’s main neighborhoods. Areas like La Blanqueada, Malvín and Cordón They perceived a 12% increase in their values.
For its part, significant drops in rental values were also found in areas such as Carrasco, Punta Carretas and Wells where declines of 6%, 5% and 1% were reported, respectively.
The profitability of the neighborhoods
According to the document, the annual gross profitability The highest in houses in the surveyed areas is recorded in Tres Cruces with 8%, followed by La Blanqueada, Centro, Pocitos and Buceo with 7% in each.
Meanwhile, with regard to rentals of apartments, the gross annual profitability among the most in-demand neighborhoods in Montevideo are Centro and Cordón with 8%, followed by Buceo and Carrasco with 7%, while Pocitos, Punta Carretas, Malvín and Tres Cruces are located at 6 %. La Blanqueada also appears in the ranking with 5%.
The annual gross profitability is measured by dividing the value of the square meter of the rental by the value of the square meter of the sale, both figures in dollars.
What are the most expensive properties?
What refers to rent apartments, the prices of the neighborhoods range between 87,000 pesos per month (Carrasco being the most expensive neighborhood) and 24,800 pesos in La Blanqueada. Meanwhile, Punta Carretas and Pocitos have prices between 46,000 and 36,000 pesos, while in Parque Rodó and Tres Cruces their values range between 28,000 and 25,000 pesos.
Refering to sale, The square meter in dollars in Carrasco is worth an average of US$4,260, while in Punta Carretas it reaches US$4,000. In Pocitos, Malvín and Parque Rodó it is around US$3,500, while Cordón, La Blanqueada and Cordón are in the range of US$2,950 to US$3,250. El Centro and Tres Cruces have an average price of around US$2,800 per m2.
The most expensive property to rent in Montevideo It is a house located on Rambla de Carrasco and costs 15,000 dollars per month. It is also for sale for $5 million. Regarding apartment rental, the most expensive is in the Forum building and costs 9,000 dollars per month, while the most expensive apartment to buy costs 3.6 million dollars and is located in Punta Carretas on Joaquín Nuñez Street. .
Source: Ambito
