The real estate transaction value in the real estate market in Uruguay was modeled to stand at ************ U.S. dollars in 2024. Between 2017 and 2024, the real estate transaction value rose by ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The real estate transaction value will steadily rise by ************** U.S. dollars over the period from 2024 to 2029, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Real Estate.

Buenos Aires, Argentina, was the least affordable city in South America in the first half of 2022 to buy an apartment. The ratio measures the number of years needed for a two-earner household where one person works full time and one person works half-time to buy a 90-square meter apartment. It assumes the property has the average square meter price for the city and that home buyers earn the average net salary. Montevideo, Uruguay, was one of the most affordable cities, where it took about nine years to buy an apartment.

Uruguay Ave Weekly Hours Worked: National: ISIC Rev 4: Real Estate & Administrative & Support Services data was reported at 31.000 % in Jun 2018. This records an increase from the previous number of 30.400 % for May 2018. Uruguay Ave Weekly Hours Worked: National: ISIC Rev 4: Real Estate & Administrative & Support Services data is updated monthly, averaging 32.350 % from Jan 2011 (Median) to Jun 2018, with 90 observations. The data reached an all-time high of 38.200 % in Nov 2012 and a record low of 27.300 % in Mar 2018. Uruguay Ave Weekly Hours Worked: National: ISIC Rev 4: Real Estate & Administrative & Support Services data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Uruguay – Table UY.G013: Average Weekly Hours Worked by Sector.

The real estate transaction value in the real estate market in Cuba was forecast to continuously increase between 2024 and 2029 by in total *** million U.S. dollars (+***** percent). According to this forecast, in 2029, the indicator will have increased for the fifth consecutive year to *** billion U.S. dollars. Find more key insights for the real estate transaction value in countries like Guatemala, Suriname, and Uruguay.. The Statista Market Insights cover a broad range of additional markets.

Montevideo, Uruguay's capital, leads Latin American cities with the highest apartment sale prices in 2024, averaging ***** U.S. dollars per square meter. This figure surpasses other major metropolitan areas like Mexico City and Buenos Aires, highlighting significant disparities in real estate markets across the region. The data underscores the varying economic conditions and housing demand in different Latin American urban centers. Regional housing market trends While Montevideo tops the list for apartment prices, other countries in Latin America have experienced notable changes in their housing markets. Chile, for instance, saw the most substantial increase in house prices since 2010, with its nominal house price index surpassing *** points in early 2024. However, when adjusted for inflation, Mexico showed the highest inflation-adjusted percentage increase in house prices, growing by nearly five percent in the first quarter of 2024, contrasting with a global decline of one percent. Home financing in Mexico The methods of home financing vary across Latin America. A breakdown of homeownership by financing method in Mexico reveals that about two-thirds of owner-occupied housing units were financed through personal resources in 2022. Nevertheless, government-backed loans such as Infonavit (Mexico’s National Housing Fund Institute), Fovissste (Housing Fund of the Institute for Social Security and Services for State Workers), and Fonhapo (National Fund for Popular Housing), play an important role for homebuyers, with just over ** percent of home purchases relying on such finance. Bank credit, which offers mortgage loans with interest rates ranging between **** and ** percent, appeared as a less popular option.