Registering property: Cost in Puerto Rico
Puerto Rico: Registering property: Cost was 1.6% in 2019. ▼ Falling
Registering property: Cost in Puerto Rico, 2004–2019
Source: World Bank. Measured in % of property value.
Analysis
Puerto Rico recorded 1.6% for registering property: cost in 2019. That is the lowest value across all 16 years on record.
Compared with earlier readings it is down 5.9% on the previous year and down 11.1% over ten years.
Over the whole period, registering property: cost in Puerto Rico peaked at 2.1% in 2004 and was at its lowest, 1.6%, in 2017.
That places Puerto Rico 155th out of 187 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 16 years of available data.
Registering property: Cost in Puerto Rico, year by year
| Year | % of property value | Change |
|---|---|---|
| 2004 | 2.1% | — |
| 2005 | 2.1% | +0.0% |
| 2006 | 1.8% | -14.3% |
| 2007 | 1.8% | +0.0% |
| 2008 | 1.9% | +5.6% |
| 2009 | 1.8% | -5.3% |
| 2010 | 1.8% | +0.0% |
| 2011 | 1.7% | -5.6% |
| 2012 | 1.7% | +0.0% |
| 2013 | 1.7% | +0.0% |
| 2014 | 1.7% | +0.0% |
| 2015 | 1.7% | +0.0% |
| 2016 | 1.7% | +0.0% |
| 2017 | 1.6% | -5.9% |
| 2018 | 1.7% | +6.2% |
| 2019 | 1.6% | -5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.9% | 1.8% | 2.1% | 6 |
| 2010s | 1.7% | 1.6% | 1.8% | 10 |
Countries ranked near Puerto Rico
More private sector data for Puerto Rico
- New businesses registered 11,218 number (2020)
- International tourism, expenditures for travel items 592.00 million current US$ (2018)
- International tourism, number of arrivals 3.88 million (2020)
- International tourism, receipts 2.92 billion current US$ (2020)
- International tourism, expenditures 893.00 million current US$ (2018)
- International tourism, expenditures for passenger transport items 301.00 million current US$ (2018)
- Starting a business: Paid-in Minimum capital (% of income per capita) 100.0% (2019)
- Starting a business: Minimum capital 0.0% (2019)
- Starting a business: Cost - Women (% of income per capita) - Score 99.4% (2019)
- Starting a business: Cost - Men (% of income per capita) - Score 99.4% (2019)
Frequently asked questions
- What is registering property: cost in Puerto Rico?
- Registering property: cost in Puerto Rico was 1.6% in 2019, according to the World Bank.
- What is the highest registering property: cost recorded in Puerto Rico?
- The highest recorded value was 2.1% in 2004.
- What is the lowest registering property: cost recorded in Puerto Rico?
- The lowest recorded value was 1.6% in 2017.
- How does Puerto Rico rank for registering property: cost?
- Puerto Rico ranks 155th out of 187 countries with data for 2019.
- Is registering property: cost rising or falling in Puerto Rico?
- Over the last ten years it is down 11.1%. The long-run trend across the full record is falling.
- Where does this Puerto Rico data come from?
- The figures come from the World Bank, published as part of Registering property: Cost (% of property value). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The cost is the total of official costs associated with completing the procedures to transfer the property, expressed as a percentage of the property value, assumed to be equivalent to 50 times income per capita. It is calculted as a percentage of the property value. Only official costs required by law are recorded, including fees, transfer taxes, stamp duties and any other payment to the property registry, notaries, public agencies or lawyers. Other taxes, such as capital gains tax or value added tax, are excluded from the cost measure. Both costs borne by the buyer and the seller are included. If cost estimates differ among sources, the median reported value is used.