Rents rose 15.2% in Montevideo last year, while apartment rents were higher than those of houses increase, said on Wednesday the National Statistics Institute (INE). In December, the average rent in Montevideo was $ 4,946, representing an increase of 15.2% from a year ago when the average stood at $ 4,293. In the case of leases of the apartments was 15.3% rise in rental buildings and 15.5% in the condominium buildings and houses, the increase was 13.5%.
The new rental contracts concluded in December yielded an average price of $ 6,165, showing a difference of $ 1,219 over the average of existing leases. In December 2008, the average new rent was $ 5,410, a level 14% lower than twelve months displayed. Meanwhile, the average price per square meter in the sale of property closed 2009 to rise 15.2% but decreased by recording the number operated at 8.7%.

(www.observa.com.uy, 18 February 2010)