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Nov 14, 2015

Gross rental yields on Montevideo apartments and houses are good


Last Updated: Nov. 14, 2015
MONTEVIDEO -
Apartments
COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 138,800 854 7.38% 2,776 17.08
85 sq. m. 235,365 1,417 7.22% 2,769 16.67
120 sq. m. 311,760 1,865 7.18% 2,598 15.54
245 sq. m. 737,205 3,354 5.46% 3,009 13.69
MONTEVIDEO -
Houses
200 sq. m. 415,800 2,582 7.45% 2,079 12.91
500 sq. m. 1,002,500 4,475 5.36% 2,005 8.95
Districts researched:
Montevideo: Pocitos, Carrasco, Prado, and Punta Carretas
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Gross rental yields are moderate to good, at around 5.5% to 7.5%.  They are better on smaller houses and apartments, as is typical in most countries.  Bear in mind that these yields are gross, i.e., before costs and taxes, and so realistically net rental returns would normally be a couple of percentage points lower.

Rental yields in Montevideo have not changed much in recent years, though they are slightly lower than they were 10 years ago.






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