Industry

Real estate: cost of rentals lowers by up to 30% and for sales by 10%

After a few weeks without activity due to the quarantine, the real estate market in Santa Cruz resumed its operations with specific changes. There was a drop of up to 30% in the value of rentals compared to the months before the confinement. Last year the average price of the houses sold in Santa Cruz was $155,000. Currently, the average value of the properties is $132,000, a drop in prices of just over 10%.

Source: El Deber

Categories:Industry