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Dec 20, 2012

Uruguay: prices reasonable, yields moderate to good


Last Updated: Dec. 20, 2012
MONTEVIDEO -
Apartments
COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
40 sq. m. 91,560 642 8.41% 2,289 16.05
80 sq. m. 197,440 1,043 6.34% 2,468 13.04
120 sq. m. 310,680 1,590 6.14% 2,589 13.25
175 sq. m. 443,275 2,252 6.84% 2,533 14.43
300 sq. m. 791,100 4,092 6.21% 2,637 13.64
MONTEVIDEO -
Houses
100 sq. m. 183,400 1,407 9.21 1,834 14.07
175 sq. m. 354,375 2,277 7.71% 2,025 13.01
250 sq. m. 452,250 3,368 8.94% 1,809 13.47
400 sq. m. 678,800 4,996 8.83% 1,697 12.49
Districts researched:
Montevideo: Pocitos, Carrasco, Prado, and Punta Carretas
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Montevideo property price have continued firm over the past year, appreciating visibly in terms of US$, due to the appreciation of the Uruguyan peso.

Apartments in Montevideo cost around US$2,100 to US$2,500 per square metre (sq. m.) or around US$200 to US$235 per square foot.

Houses in Montevideo cost around US$1,500 to US$1,770 per sq. m., or around US$150 to US$165 per square foot.

Gross rental yields are moderate to good, at around 6% to 7.6%





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