Transfer of Property.
The operations, which during the following years, have been declared in the Registers for the purchase and sale of immovable properties, give the following totals:
| 1885 | $14,276,454 |
| 1886 | 9,859,703 |
| 1887 | 18,683,365 |
| 1888 | 35,108,468 |
| 1889 | 63,546,624 |
| 1890 | 29,273,198 |
| 1891 | 22,267,381 |
Mortgages.
From the year 1888 to the year 1891 the yearly capital put out at interest with securities on land has been:
| In | 1888 | $12,788,660 |
| " | 1889 | 27,821,672 |
| " | 1890 | 22,569,360 |
| " | 1891 | 13,545,853 |
How Easily One Becomes a Land Owner.
There exist in Montevideo great agencies, like the one called the "Industrial" created in the year 1874, by Mr. Francis Piria, the sole object of which is to make easy the division of the property in the capital and the neighborhood, by purchasing large zones of land and by dividing them into square cuadras, or fractions of over four English acres, when they belong to the town district, and into the best possible form outside.
This agency has created many villages out of the Department of Montevideo, as "Recreo de las Piedras," "Joaquin Suarez," "Buenos Ayres," "Bella Italia" and many others.
The centres of population created by the "Industrial" are over a hundred; some of them have been aggregated to the town district, everyone of them becoming important centres, on account of the number of the inhabitants, and of the increasing value of the land, sold formerly very cheap, and payable at the rate of $2.00 per month.