The median value of properties had a negative variation in April, while the number of new sales increased.
The prices of the estate exhibited a negative monthly variation of 0.62% in April, leaving the median of the values of real-estate market of Uruguay at $79,500, according to a survey by the INE.
The Real Estate Activity Indicators (IAI) of the statistical agency also reflected that, in the annual variation, the properties improved their prices by 6%. Regarding the purchase and sale registrations, The monthly variation measured in May was 4.04%, with 4,510, while there was some stability at an annual level, with a slight decrease of 0.02%.
Of the total number of property sales, which represented 66.72% of the total transactions, 32.66% belong to Montevideo, a 15.79% to Maldonado, a 13.06% to Cannelloni. Further back were left Rocha, with 6.45% and Cologne, with 5.17%.
When differentiating by region, it can be observed that the median price of new sales in April showed an improvement of 0.46% in Montevideo, for $110,000, while it remained unchanged inside the country at $60,000.
The trend of leasing in the real estate market
In recent times, investment in real estate to allocate the properties to the lease It remains one of the most popular and effective strategies among investors, seeking to generate passive income and diversify their investment portfolio.
At the same time, specialists from the real-estate market They argue that, in addition to the cash flow generated by rent, investors also hope to benefit from the appreciation in the value of the property, something that has occurred in the last year, according to the report of the INE.
That is, as demand for property increases and market value increases, investors can see an increase in the net value of their investment, which could provide a additional return and further increase the cost effectiveness of long-term investment.
Source: Ambito
