Gross rental yields on Montevideo apartments and houses are good
January 15, 2019
|Last Updated: Jan. 15, 2019|
|PRICE/SQ.M (US$)||YIELD (p.a.)||PRICE/SQ.FT. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
* Based on apartments with 2 bedrooms and 2 bathrooms
Source: InfoCasas 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.