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The rental price had an interannual variation of 5.12%

The rental price had an interannual variation of 5.12%

At current prices, a monthly variation of 0.36% was recorded compared to March, with an average of $19,444.

Rental prices are 5% higher than last year.

Photo: Pexels

He rental price (at current prices) had a variation of 5.12% year-on-year and 0.36% monthly compared to March, according to the latest technical bulletin referring to the Real Estate Activity Indicators (IAI) prepared by the National Institute of Statistics (INE).

The average value in pesos (UYU) was 19,444 pesos, according to information based on the Rental Guarantee Service and ANDA records. In turn, the number of contracts It experienced a variation of 0.15% on a monthly basis and 1.55% on a year-on-year basis, reaching 86,083 units on average.

In April 2023, there was a monthly variation of 0.60% in the average price of current contracts, while there was a 6.38% year-on-year variation. Regarding the number of rental contracts, these had grown by 0.16% monthly and 0.95% year-on-year.

The three departments in which the greatest interannual variations were recorded were Paysanduwith 6.44%; Maldonado, with 6.16%; and Cologne, with 5.82%. For its part, Montevideo It had a rate of 5.11%, just below the national average.

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Montevideo accounts for almost 80% of the country’s rental contracts

Of the 86,083 current rental contracts, 77.10% belong to the department of Montevideo; 11.6% to Cannelloni; 1.94% to Saint Joseph; 1.60% to Maldonado; 1.33% to Paysandú and 1.23% to Colonia.

The number of rental contracts in Montevideo (66,372) registers a variation of 1.03% compared to April of last year; while in Canelones one of 1.69%; and in San José one of up to 4.63%.

Source: Ambito

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