Uruguay real estate market — prices, rental yield and trend

• Average price: $3,362 / m²
• Gross rental yield: 4.71%
• 12-month price change (USD): 6.2%
• Net rental yield: 4.22%
• Transaction cost: 11%
• Bubble-risk band: moderate
• Price basis: national average

Residential property in Uruguay averages $3,362 per square metre, +6.2% in dollar terms over the last twelve months. That makes it the 141st most expensive of the 264 markets in the set.

What a buyer pays in Uruguay

The $3,362 figure is a national average across all residential property types, which flattens a wide spread — the capital typically runs far above it and small towns far 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 $36,982 on top of the $336,200 purchase price. That is above the 9.5% median across the set — the entry cost is part of the investment case here. Inside Uruguay we also track Montevideo separately, where the average is $3,448 — 2.6% above the national figure.

What it earns

A square metre lets for about $13.2 a month. Against a purchase price of $3,362 per square metre that is 4.7% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 181st of 311 markets by gross yield. Rental income is taxed at 10.5%, which takes the yield down to 4.2% 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.

How stretched the price looks in Uruguay

Glopra’s bubble-risk score for Uruguay is 45 out of 100 — moderate risk. Of the 65 markets scored, 49 read higher. This is a simplified reading: fewer than three index components are available for this market, so treat it as indicative rather than comparable with fully scored markets.

Who can buy in Uruguay

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 Uruguay is built from asking prices from listings. It was last refreshed on 2026-10-15. 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; a figure that fails our checks is suppressed, not guessed.

Sources: globalpropertyguide.com · numbeo.com. Snapshot: 2026-10-15.