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Property prices recorded a cumulative variation of 11.53% - Ambito
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Los precios de los inmuebles registraron una variación acumulada del 11,53%
Medida en dólares, la mediana de las transacciones de propiedades logró recuperar un 0,63% en mayo.
www.ambito.com
August 27, 2024
Measured in dollars, the median property transaction managed to recover 0.63% in May.
Median dollar prices have increased over the past year.
The median price of property transactions registered an accumulated variation of 11.53% in the last 12 months (to May), according to the latest technical bulletin of Real Estate Activity Indicators ( IAI ) prepared by the National Institute of Statistics ( INE ) for the period May-June.
As of last May, the median price in dollars stood at $80,000 after gaining 0.63% since April, thus accumulating 11.43% for the moving year. At the same time of the year in 2023, the monthly and annual decline had been 4.36% for both cases.
As for the number of transactions , these fell by 4.84% between the months of May and June, meaning a negative annual accumulated variation of 4.22% after totaling some 4,290 purchase and sale registrations, according to information from the National Registry Office.
Last year, in June 2023, the monthly variation had been negative by 0.71%, while the accumulated annual variation registered a growth of 8.29%.
Geographical distribution of new sales
Of the 4,290 property sales , 33.29% were in the city of Montevideo . Canelones came in second with 17.60% and Maldonado completed the podium with 14.62%. These departments are followed by Colonia with 4.71% and Rocha with 4.10% of the transactions.At the national level, the number of properties registered for sale was 6,406 as of June, with the aforementioned 4,290 units registered, 1,922 priority reserves, and 194 other types of transactions. Thus, 66.97% of the transactions corresponded to purchase and sale registrations, while priority reserves accounted for 30% of the total.
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