Global Property Guide

Financial Information for Residential Property Buyers


Gross rental yields on Montevideo apartments and houses are good

January 15, 2019

Last Updated: Jan. 15, 2019
MONTEVIDEO -
Apartments
PRICE/SQ.M (US$) YIELD (p.a.) PRICE/SQ.FT. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
BUCEO 2,606 13.49 6.21% 242 1.25
CARRASCO 3,076 13.98 5.45% 286 1.30
CENTRO 1,853 9.52 6.17% 172 0.88
CIUDAD VIEJA 2,050 11.14 6.52% 190 1.03
PARQUE RODO 3,023 11.35 4.51% 281 1.05
POCITOS 2,794 11.54 4.96% 260 1.07
PRADO 2,583 10.62 4.93% 240 0.99
PUNTA CARRETAS 3,290 14.16 5.16% 306 1.32
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.

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