Uruguay: House Prices, Rents, and Rental Yields
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Last Updated: Nov 21, 2005
Montevideo yields can be as high as 11.4%
| Last Updated: Nov 21, 2005 | |||||
| MONTEVIDEO | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 60 sq. m. | 47,080 | 294 | 7.49% | 785 | 4.90 |
| 100 sq. m. | 94,160 | 647 | 8.25% | 942 | 6.50 |
| 180 sq. m | 235,400 | 1,766 | 9.00% | 1,308 | 9.80 |
| 250 sq. m. | 270,710 | 2,354 | 10.43% | 1,083 | 9.40 |
| 400 sq. m. | 470,800 | 4,473 | 11.40% | 1,177 | 11.20 |
| PROVINCES - BEACH | |||||
| 60 sq. m. | 35,310 | 117 | 6.02% | 589 | 3.00 |
| 100 sq. m. | 88,275 | 471 | 6.40% | 883 | 4.70 |
| 200 sq. m. | 211,860 | 753 | 4.27% | 1,059 | 3.80 |
| Source: Global Property Guide | |||||
The very limited supply of rental units leads to high yields. A 400 sq. m. property in Montevideo, priced at US$470,000, can fetch a rent of US$4,473 a month; a yield of 11.4%.
Smaller sized properties can expect returns in between 7.5% and 10.5%. Properties close to the beach have lower yields of from 4.2% to 6.4%.
Uruguay’s rental market is very small, only 4% of the housing stock. Owner occupancy is at 82%.
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