One of the features of the Uruguayan real-estate market that is often criticized by foreigners is the absence of statistical data, for example on closing prices for transactions, or of any other nature.
The Maldonado Municipality has come to understand the value of real-estate data, and has undertaken the collection and publication of at least one indicator, total value of real-estate sold in the department, which it shall be publishing every six months. Hopefully the indicator will be the first of many others to be compiled and published by the Intendencia or other agencies.
The initial figure is out today in El Pais, which cites municipal data of US$500 million in sales between the months of November 2008, and May 2009.
Despite the absence of comparative figures, it still sounds like a respectable number considering the reported slowdown in the market in the first half of 2009.
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