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March, 24, 2023

Uruguay

 House prices in Uruguay. We use data from the Association of Statistics National Institute.

House prices in Uruguay, % change 1 yr

Nominal and inflation-adjusted ('real')

Uruguay

Source: Statistics National Institute


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
2022-0.87-2.63-0.90
2021-1.770.9-8.9312.75
2020-8.26-10.812.0211.88
20191.6-3.94-2.461.68
2018-12.1210.345.47-7.41
2017-13.9910.57-2.94

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.