As of March this year, In Uruguay, there were 84,047 current rental contracts for houses or apartments with an average price of $17,305. According to him latest real estate activity report spread by the National Statistics Institute (INE), the increase in the number of contracts in force in March 2022 was 0.37% compared to February and of 0.03% in relation to March 2021.
particularly in Montevideoin March 2022 there were 64,960 contracts in force, which implies 0.39% more than in February (64,709) but 0.38% less than in the same month of 2021 (65,207).
In it inside the countryin March, there were 19,087 contracts in forcewhich means a 1.27% more than in March 2021 (18,847) and 0.31% more than in February 2022 (19,028).
The rental contracts that began in the country in the last year (data to March 2022) were 26,007, 3.8% more than the previous month and 3.3% more than March 2021.
Most of the new contracts were given in Montevideo (19,866), Secondly Cannelloni was (2,848) and in third place, San Jose (575). Then they come Maldonado (515), Paysandu (379) Y Colony (377).
Marcelo Umpierrez
rental price
The average rental price in March it was $17,305 while in February it was of $17,231, so in the last month it had an increase of 0.43%. In March 2021 the median rental price was $16,492, which means a rise of 4.9% year-on-year.
In Montevideo average rental price it was $18,042 in March, 0.4% more than in February 2022 Y 4.8% more in the year-on-year comparison.
The highest average rental prices were recorded in Montevideo ($18,042), cannelloni ($16,573) Y Maldonado ($15,665), while the Lower were in Cerro Largo ($11,679), Rocha ($11,207), and Lavalleja ($11,179).
Montevideo by neighborhoods
The neighborhoods in which there were more current rental contracts in the capital were Cordón (5,005), Pocitos (3,514), Unión (3,251), Centro (2,649) and Buceo (2,532).
In turn, those with a higher average rental price were Carrasco ($38,927), Punta Gorda ($32,513), Malvín ($23,868), Carrasco Norte ($23,414), and Punta Carretas ($23,363).
For their part, the cheapest neighborhoods in terms of average rental price as of March were Casavalle ($11,038), Manga ($12,421), Bañados de Carrasco ($12,658), Paso de la Arena ($12,781) and Las Acacias ($13,016).
Leonardo Carreno
Sales grew 13% year-on-year
In February —last record available— there was a total of 2,924 sales of estate in the country, which meant a decrease 20.8% compared to January. However, in the year-on-year comparison, it increased 13.3%, according to INE data.
The departments in which the largest number of purchases were registered were: Montevideo (933), Maldonado (601), Canelones (383), Colonia (167) and Rocha (131).
