What is the average house price in Uruguay?

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A team specialized in real estate investing in LATAM countries

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Uruguay. If you'd like to learn more about us, you can check our presentation page.

What is the current average house price in Uruguay?

The national average property price in Uruguay sits at approximately $2,420 per square meter as of September 2025.

Montevideo, the capital, shows prices ranging from $2,420 to $3,500 per square meter for standard properties, while premium neighborhoods like Carrasco can reach $4,260 per square meter.

Punta del Este represents the luxury segment with prices ranging from $4,000 to over $10,000 per square meter for beachfront properties, with some luxury homes totaling $2 million to $20 million.

Inland regions offer much more affordable options, typically priced under $1,750 per square meter, making them attractive for budget-conscious buyers.

These prices reflect Uruguay's stable economy and growing appeal as a residential destination for both locals and international buyers.

How do prices differ depending on the type of property, like apartments, houses, or land?

Apartments command higher per-square-meter prices than houses, with the national median at approximately UYU 156,054 ($2,000) per square meter.

Houses typically cost around UYU 103,268 ($1,320) per square meter nationally, though this varies significantly by location and quality.

Land and rural properties often fall below $1,000 per square meter, especially in interior regions away from major cities and coastal areas.

Prime Montevideo apartments in areas like Carrasco can reach $4,260 per square meter, while luxury beachfront homes in Punta del Este command $7,000 to $10,000 per square meter.

Inland and secondary cities offer complete houses in the $50,000 to $200,000 range, representing exceptional value compared to coastal markets.

What are the average prices across the main regions and cities of Uruguay?

Which areas are considered the most expensive, which ones are more budget-friendly, and which are up-and-coming?

The most expensive areas include Montevideo's Carrasco, Punta Carretas, and Pocitos neighborhoods, along with Punta del Este's beachside properties, José Ignacio, and La Barra.

Budget-friendly options can be found in inland towns like Salto and Paysandú, lesser-known areas of Maldonado and Rocha, and secondary Montevideo neighborhoods such as Las Acacias.

Up-and-coming areas with strong growth potential include La Barra, Atlántida, Rocha's coastline, Manantiales, parts of Canelones with improving infrastructure, and wine regions around Colonia.

These emerging areas benefit from growing foreign interest, infrastructure development, and Uruguay's expanding tourism sector.

It's something we develop in our Uruguay property pack.

How much does price usually vary depending on the size or surface area of the property?

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Price per square meter generally decreases as property size increases, though prime locations maintain high per-square-meter values even for larger properties.

Small apartments in affordable areas can cost as low as $750 per square meter, while studio units in budget neighborhoods offer entry-level pricing.

Large luxury condominiums and houses can reach $10,000 per square meter, with total prices reaching multi-million dollar levels for premium properties.

Properties over 200 square meters typically see reduced per-square-meter costs, though location remains the primary price driver.

Coastal and premium urban locations maintain consistent high per-square-meter pricing regardless of property size due to land scarcity and demand.

What is the typical total cost of a purchase once you include taxes, legal fees, and other charges?

Total transaction costs for property buyers in Uruguay typically range from 8% to 11% of the purchase price.

Real estate agent commissions account for 3% to 4% of the total cost, while notary fees add another 1.5% to 3% to the transaction.

The Transfer Tax (ITP) represents 2% of the fiscal value, which is generally below market value, limiting the actual tax burden.

Registration, stamp, and additional notarial taxes combine for approximately 1% to 2% of the total purchase price.

All property transactions must go through a notary, ensuring legal compliance but adding to the overall cost structure.

How do mortgages work in Uruguay, and what would a typical repayment look like for an average property?

Mortgage rates in Uruguay typically range from 6% to 10% for residential properties as of August 2025, with most lenders requiring 20% to 30% down payments.

Indexed units (UI) are commonly used to peg mortgage repayments to inflation, providing stability for both lenders and borrowers.

Local buyers are most affected by rising rates above 9%, while foreign buyers often prefer cash transactions to avoid financing complexities.

For a typical $150,000 loan over 20 years at 8% interest, monthly payments would be approximately $1,257.

Banco Hipotecario del Uruguay serves as a major mortgage provider, offering competitive rates for qualified residential buyers.

Can you give some real-life examples of recent property purchase prices in different areas?

Recent sales data from 2025 provides clear examples of current market pricing across Uruguay's diverse regions.

• Montevideo Carrasco 2-bedroom apartment: $4,200/m² × 80m² = $336,000 total
• Montevideo Las Acacias studio: $800/m² × 30m² = $24,000 total
• Punta del Este beachfront apartment: $7,000/m² × 120m² = $840,000 total
• Colonia historic 2-bedroom house: $3,500/m² × 60m² = $210,000 total
• Rocha development lot: under $1,000/m² × 1,000m² = under $1,000,000 total

These examples demonstrate the significant price variation between prime urban areas, luxury coastal properties, and emerging regions.

It's something we develop in our Uruguay property pack.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Uruguay versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

What are the smartest choices today if you're buying to live in, to rent out short-term, to rent out long-term, or to resell later at a higher price?

For primary residence, Montevideo's Pocitos, Carrasco, or Ciudad Vieja offer excellent urban living, while Maldonado provides coastal lifestyle with good infrastructure.

Short-term rental investments perform best in Punta del Este, La Barra, Carrasco, and established tourist areas that benefit from high-season demand.

Long-term rental opportunities are strongest in Montevideo for students and expats, Maldonado suburbs for families, and Colonia for retirees and remote workers.

For capital appreciation and resale value, focus on up-and-coming coastal towns like La Barra and Rocha, secondary Montevideo districts with development plans, and wine tourism regions.

These investment strategies align with Uruguay's growing reputation as a stable, attractive destination for both tourism and permanent relocation.

How have property prices changed compared with five years ago, and compared with just one year ago?

Over the past year from 2024 to 2025, Montevideo property prices increased by 2.9%, while Punta del Este luxury properties saw gains of 8% to 12%.

Inland and secondary markets experienced stronger growth of 13.3% over the same period, reflecting increased interest in affordable areas.

The five-year trend shows moderate but consistent growth, with price increases of 10% to 20% in central and prime areas since 2020.

Luxury and up-and-coming coastal zones experienced more significant appreciation of 25% to 30% over the five-year period.

This growth pattern reflects Uruguay's political stability, economic resilience, and growing appeal to international buyers seeking secure property investments.

What are the price forecasts for the next one year, five years, and ten years?

One-year forecasts for 2025-2026 predict Montevideo price increases of 3% to 5%, with Punta del Este expected to grow 6% to 10%.

Emerging areas like La Barra and Rocha could see dramatic growth of 10% to 15% over the next year due to infrastructure development and tourism expansion.

Five-year projections indicate higher annual growth rates of 10% to 15% in up-and-coming regions, while prime areas maintain steady 3% to 7% annual appreciation.

Ten-year outlook suggests sustained real value increases, particularly in eco-friendly and lifestyle-driven areas that align with global trends.

Uruguay's continued political stability and growing international recognition support long-term property value appreciation across all market segments.

How do average house prices in Uruguay compare with similar major cities in the region and worldwide?

It's something we develop in our Uruguay property pack.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

1. Average House Price in Uruguay
2. Uruguay Property Analysis
3. Uruguay House Prices - Properstar
4. Uruguay Price Forecasts
5. Best Areas to Buy Property in Uruguay
6. How to Buy Property in Uruguay
7. Uruguay Transaction Costs
8. Montevideo Price Forecasts
9. Uruguay Home Price Trends
10. Best Countries for Real Estate Investment 2025