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Uruguay: prices reasonable, yields moderate to good

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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