The price of real estate for sale during 2021 He had minor variations compared to 2020 despite the increase in the cost of construction materials, but by 2022 an increase of between 3% and 5%.
According to him Analysis of the Real Estate Market 2021 carried out by InfoHouses, to which he had access Observer, the decision of real estate developers to assume the increase in materials without transferring them to the final cost “sustained sales agility” and allowed “a dynamic market.
From InfoCasas they maintain that this decision of the developers will have a return since a revaluation of prices is forecast (increase of between 3% and 5%).
Law for the Promotion of Social Interest Housing
The average price per square meter of a studio apartment in the areas where the Law No. 18,795 for the Promotion of Social Interest Housing (ANV Zones: Centro, Cordón, Palermo, La Blanqueada, Prado, among others) is US$ 2,537. In the buildings of a bedroom It is $2,355 and in those of two it is worth $2,102.
In the neighborhoods of Pocitos Y Tip Wagons, the square meter of a studio apartment is priced at $3,060 in front of the $3,106 of the estate of a bedroom and the $3,100 of the two. In carrasco Y neighborhoods private the value grows reaching $3,125 the square meter of a studio apartment, $3,300 in real estate a bedroom Y $3,205 those of two bedrooms.
going towards east end, the cost per square meter for a studio apartment It is $3,567, for a bedroom is $3,200 and to two arrives at $3,133.
InfoHouses
Value per square meter per area
According to the InfoCasas report, the new adjustment of the Law No. 18,795 “managed to stabilize the supply and demand of the products again, since it does not force developers to build 2-bedroom units that have a lower absorption by the market”.
In turn, it is highlighted that with the inclusion of studio apartments within the tax exemptions, “there was an increase in the demand for these types”, which offers investors “the possibility of accessing tickets below US$ 80 thousand and more profitable units”. Since the adjustment of the law was approved interest in single rooms in Promoted Housing projects grew 27%.
These were the 10 most wanted neighborhoods for sale during 2021:
- Pocitos
- Cord
- the bleached
- Center
- Malvin
- Punta Carretas
- east end
- Diving
- Rodo Park
- Batlle Park
The rental price
The average rental price of a studio apartment in the areas where the Law No. 18,795 for the Promotion of Social Interest Housing (ANV Zones) is $22,000 per month. In the buildings of a bedroom It is $24 thousand and in those of two it is worth $28 thousand.
In the neighborhoods of Pocitos Y Punta Carretas, renting a studio apartment cost $26 thousand in front of the $28 thousand of the real estate a bedroom and the $32 thousand of those of two. In carrasco Y gated communities the value grows reaching $40 thousand the rent of a studio apartment, $45 thousand the real estate a bedroom Y $65 thousand those of two bedrooms.
In east end, the monthly rent of a studio apartment okay $27 thousand, that of a one-bedroom property is worth $29 thousand and the one of two $33 thousand.
InfoHouses
Monthly rental value by area
These were the 10 most wanted neighborhoods for rental during 2021
- Pocitos
- Cord
- Center
- the bleached
- Rodo Park
- Punta Carretas
- Diving
- Malvin
- palermo
- Batlle Park
The report highlights that although the demand for rentals “continues to be concentrated in the coastal strip of Montevideo”, detected “a more balanced distribution compared to other neighborhoods in the city where In recent years, the supply of rental units has increased as a result of the Promoted Housing Law”.
real estate developments
The analysis indicates that the number of real estate launches grew in 2021 compared to 2019 and 2020, being Cordón, La Blanqueada, Pocitos Nuevo and Centro the neighborhoods with larger number of projects.
Also noted a high growth of gated communities located in Coast City and one “strong bet” from the developers by offer green spaces and greater security to its occupants as main amenities.
In turn, it is pointed out that in Canelones, the Promoted Housing Law “promoted new developments located on Avenida de las Américas and first line in Barra de Carrasco, built under tax exemptions”.
