Uruguay Real Estate Expectations

What are the economic expectations, and how do those coincide with the expectations for the Uruguay real estate market? What’s the situation like in the upscale real estate market now that a year has already passed since the beginning of the international financial crisis? We propose to look for some answers.

Economic expectations, from the latin “expectatum”, looks for the “reasonable possibility of something happening”, or in more economic terms, it that the agents of the market are waiting for, the expectations are applied to a majority of the relevant economic variables but especially the price of the active listings.

Expectations in economic theory have evolved from what individuals base their feeling on what will happen in the future, and for the more sophisticated, who incorporate all the relevant information and develop what they conclude is a reasonable prediction. Technically, expectations are rational in each moment of time the errors of prognostication that they would commit in the past.

It’s reasonable to postulate that the agents in general learn from their errors and don’t repeat them in systemic fashion, and that they formulate their expectations in a reasonable away. Nevertheless, this proposition is theoretically strong, there is evidence that in some circumtances the agents repeat errors in systemic manner, and their expectaions aren’t reasonable. The evidence is one or another feeling, and the manner of analysis of the them follows being relevant to the academics.