Montevideo real estate market — prices, rental yield and trend

• Average price: $3,448 / m²
• Gross rental yield: 4.91%
• Net rental yield: 4.39%
• Transaction cost: 11%
• Price basis: local-market average

Residential property in Montevideo averages $3,448 per square metre. That makes it the 121st most expensive of the 236 markets in the set.

What a buyer pays in Montevideo

The $3,448 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 11% of the price here. On a 100 m² apartment at the average price that is roughly $37,928 on top of the $344,800 purchase price. That is close to the 10.3% median across the set. That is within a few percent of the Uruguay national average of $3,362, which is unusual — in most countries the leading city runs well ahead.

What it earns

A square metre lets for about $14.1 a month. Against a purchase price of $3,448 per square metre that is 4.9% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 137th of 269 markets by gross yield. Rental income is taxed at 10.5%, which takes the yield down to 4.4% net. The 0.5-point difference between the gross and net figure is the part most listing sites leave out.

How the tax works. 10.5% of the gross rent, final: the 12% non-resident rate (Título 8 art. 18 B) applied to 87.5% of the rent under Decree 149/007 art. 33(a) — a 12.5% notional expense allowance — and under art. 24 a non-resident can make the withholding final without filing. With a private tenant the owner pays 10.5% monthly advances (DGI Resolution 662/007). Residential letting is VAT-exempt, and the 40 BPC exemption is for residents only. Source: gub.uy / impo.com.uy.

Who can buy in Montevideo

Freehold, no restrictions. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Montevideo is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way, which is what lets Montevideo be compared with a country average or another city.

Sources: Numbeo city page · numbeo.com. Snapshot: 2026-10-17.