Authored by the expert who managed and guided the team behind the Uruguay Property Pack
Get all the data you need about the real estate market in Montevideo
This article explains the current housing prices in Montevideo in 2026, using the freshest data we could verify.
We update this blog post regularly, because Montevideo property prices change by neighborhood, property type, and exchange rate.
You will find simple price ranges, neighborhood examples, buying costs, and budget examples for residential property in Montevideo.
And if you’re planning to buy a property in this place, you may want to download our pack covering the real estate market in Montevideo.
Insights
- The average housing price in Montevideo in 2026 is around UYU 7.5 million, but the median is closer to UYU 5.1 million, because luxury coastal homes pull the average upward.
- Montevideo is mostly an apartment market, with apartments making up about 70% of residential sales activity and the most liquid choices for buyers.
- A realistic entry-level property in Montevideo in 2026 starts around US$75,000 to US$120,000, usually for a small older apartment outside prime coastal areas.
- New apartments in Montevideo usually cost 15% to 25% more per square meter than comparable existing homes.
- In Montevideo, asking prices are usually higher than final sale prices, with a typical negotiated discount of about 5% to 8%.
- The highest price per square meter in Montevideo is usually found in Carrasco, Punta Carretas, Puerto Buceo, prime Pocitos, and waterfront Malvín.
- A US$200,000 budget in Montevideo gives much more choice than US$100,000, especially for one-bedroom and two-bedroom apartments in practical neighborhoods.
- Buying costs and light renovation work can add 8% to 12% to the purchase price in Montevideo, and much more if the property needs serious work.
- Montevideo prices are higher in US dollars than one year ago, but the change looks much flatter after local inflation is considered.
What is the average housing price in Montevideo in 2026?
The median housing price in Montevideo is more useful than the average price, because the median shows what a typical buyer is more likely to face in the market.
We are writing this as of 2026, using the latest data collected from authoritative sources that we manually double checked.
In 2026, the median housing price in Montevideo is around UYU 5.1 million, or about US$130,000 and €113,000. The average housing price in Montevideo in 2026 is around UYU 7.5 million, or about US$190,000 and €165,000.
For most buyers, a realistic range for 80% of residential properties in Montevideo in 2026 is about UYU 3.0 million to UYU 17.8 million, or about US$75,000 to US$450,000 and €65,000 to €391,000.
A realistic entry range in Montevideo in 2026 is about UYU 3.0 million to UYU 4.7 million, or about US$75,000 to US$120,000 and €65,000 to €104,000, usually for an older studio or compact one-bedroom apartment in Centro, Cordón, La Comercial, Unión, or parts of Tres Cruces.
A realistic luxury range in Montevideo in 2026 is about UYU 23.7 million to UYU 79.0 million, or about US$600,000 to US$2,000,000 and €522,000 to €1,740,000, usually for a large renovated apartment, penthouse, or villa in Carrasco, Punta Carretas, Puerto Buceo, or prime Pocitos.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Montevideo.
Are Montevideo property listing prices close to the actual sale price in 2026?
In Montevideo in 2026, final sale prices are usually about 5% to 8% below listing prices, with 6% as a useful central estimate.
The gap is often smaller in liquid apartment areas such as Pocitos, Punta Carretas, Cordón, Parque Batlle, and Buceo, because buyers can compare many similar units. The gap is often larger for older homes needing work, expensive luxury homes, properties with high monthly building costs, and listings that have stayed online for a long time.
Don't buy the wrong property, in the wrong area of Montevideo
Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.
What is the price per sq m or per sq ft for properties in Montevideo in 2026?
As of 2026, the median housing price in Montevideo is about UYU 100,700 per sq m, or about US$2,550 and €2,217 per sq m, which equals about UYU 9,360, US$237, and €206 per sq ft. The average housing price in Montevideo is about UYU 112,600 per sq m, or about US$2,850 and €2,478 per sq m, which equals about UYU 10,460, US$265, and €230 per sq ft.
The highest price per sq m in Montevideo is usually found in new or recently renovated apartments near the coast, while the lowest price per sq m is usually found in older homes that need more maintenance or renovation.
The highest ranges are usually in Carrasco, Punta Carretas, Puerto Buceo, prime Pocitos, and Malvín waterfront, where prices often run from about UYU 126,000 to UYU 170,000 per sq m. The lowest ranges are usually in Cerro, Unión, Goes, La Comercial, and parts of Centro, where prices often run from about UYU 47,000 to UYU 83,000 per sq m.
How have property prices evolved in Montevideo?
Compared with one year ago, Montevideo housing prices in 2026 are up by about 6% in US-dollar terms and about 3% in Uruguayan-peso terms. The main reasons are steady apartment demand, new-build construction costs, and stronger demand in liquid neighborhoods such as Pocitos, Cordón, Punta Carretas, Parque Batlle, and Buceo.
Compared with two years ago, Montevideo housing prices in 2026 are moderately higher in US-dollar terms, but the increase is less impressive after local inflation. Prime coastal areas held up better because land is limited, good buildings are scarce, and upper-middle-class buyers still prefer those locations.
By the way, we’ve written a blog article detailing the latest updates on property price variations in Uruguay.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Montevideo.
Make a profitable investment in Montevideo
Better information leads to better decisions. Save time and money. Download our data.
How do prices vary by housing type in Montevideo in 2026?
In Montevideo in 2026, apartments make up about 70% of the residential market, houses about 16%, luxury villas and large detached homes about 5%, PH or low-rise units about 5%, studios about 3%, and new-build investment units about 1%, because the city’s most active areas are dense and apartment-led.
As of 2026, apartments in Montevideo average around UYU 6.3 million, or US$160,000 and €139,000, while houses average around UYU 11.1 million, or US$280,000 and €244,000. Luxury villas and large detached homes average around UYU 31.6 million, or US$800,000 and €696,000, while PH or low-rise homes average around UYU 7.1 million, or US$180,000 and €157,000. Studios average around UYU 4.1 million, or US$105,000 and €91,000, while compact new-build investment units average around UYU 5.7 million, or US$145,000 and €126,000.
If you want to know more, you should read our dedicated analyses:
How do property prices compare between existing and new homes in Montevideo in 2026?
In Montevideo in 2026, new construction is usually about 15% to 25% more expensive per sq m than a comparable existing home, with 18% as a useful central estimate.
This premium exists because buyers pay more for modern layouts, new utilities, elevators, garages, security, shared amenities, and lower immediate renovation risk.
Get to know the market before buying a property in Montevideo
Better information leads to better decisions. Get all the data you need before investing a large amount of money.
How do property prices vary by neighborhood in Montevideo in 2026?
In Pocitos, buyers mostly find apartments, including older two-bedroom units and some newer buildings, with typical prices from about UYU 7.9 million to UYU 23.7 million, or US$200,000 to US$600,000 and €174,000 to €522,000. Pocitos is expensive because the neighborhood has beach access, shops, restaurants, walkability, and strong rental demand.
In Punta Carretas, buyers mostly find premium apartments, renovated units, and new buildings, with typical prices from about UYU 9.9 million to UYU 31.6 million, or US$250,000 to US$800,000 and €217,000 to €696,000. Punta Carretas is expensive because it combines the rambla, shopping, services, resale appeal, and a strong lifestyle image.
In Carrasco, buyers find large apartments, family houses, and villas, with typical prices from about UYU 19.8 million to UYU 79.0 million, or US$500,000 to US$2,000,000 and €435,000 to €1,740,000. Carrasco is priced higher because buyers pay for space, gardens, schools, prestige, quieter streets, and larger homes.
You will find a much more detailed analysis by areas in our property pack about Montevideo. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Market label | Average price range | Average per sq m | Average per sq ft |
|---|---|---|---|---|
| Carrasco | Luxury / family | UYU 19.8m-79.0m / US$500k-2.0m | UYU 134k-170k / US$3,400-4,300 | UYU 12,450-15,800 / US$316-399 |
| Punta Carretas | Premium / expat-popular | UYU 9.9m-31.6m / US$250k-800k | UYU 126k-154k / US$3,200-3,900 | UYU 11,700-14,300 / US$297-362 |
| Puerto Buceo | Premium / waterfront | UYU 10.7m-35.6m / US$270k-900k | UYU 122k-150k / US$3,100-3,800 | UYU 11,330-13,950 / US$288-353 |
| Pocitos | Popular / liquid | UYU 7.9m-23.7m / US$200k-600k | UYU 118k-142k / US$3,000-3,600 | UYU 10,960-13,200 / US$279-334 |
| Malvín | Family / coastal value | UYU 7.1m-19.8m / US$180k-500k | UYU 107k-134k / US$2,700-3,400 | UYU 9,950-12,450 / US$251-316 |
| Parque Rodó | Lifestyle / central-coastal | UYU 6.7m-17.8m / US$170k-450k | UYU 103k-130k / US$2,600-3,300 | UYU 9,580-12,080 / US$242-307 |
| Buceo | Mid-market / practical | UYU 5.9m-15.8m / US$150k-400k | UYU 95k-119k / US$2,400-3,000 | UYU 8,820-11,050 / US$223-279 |
| Parque Batlle | Family / hospitals / parks | UYU 5.5m-13.8m / US$140k-350k | UYU 87k-111k / US$2,200-2,800 | UYU 8,080-10,310 / US$204-260 |
| Cordón | Student / investor / central | UYU 4.7m-11.9m / US$120k-300k | UYU 83k-107k / US$2,100-2,700 | UYU 7,710-9,950 / US$195-251 |
| La Blanqueada | Commute / new-build value | UYU 4.5m-11.1m / US$115k-280k | UYU 79k-103k / US$2,000-2,600 | UYU 7,340-9,580 / US$186-242 |
| Centro | Affordable / central | UYU 3.6m-9.9m / US$90k-250k | UYU 67k-91k / US$1,700-2,300 | UYU 6,220-8,450 / US$158-214 |
| Unión / La Comercial | Entry / budget | UYU 3.0m-7.9m / US$75k-200k | UYU 55k-79k / US$1,400-2,000 | UYU 5,110-7,340 / US$130-186 |
How much more do you pay for properties in Montevideo when you include renovation work, taxes, and fees?
In Montevideo in 2026, buyers should usually budget 8% to 12% above the purchase price for taxes, notary costs, registry costs, agency fees, and light work.
For a US$200,000 property in Montevideo, equal to about UYU 7.9 million, a normal extra budget is about US$16,000 to US$24,000, or UYU 632,000 to UYU 948,000. That means the final all-in budget is often around US$216,000 to US$224,000, or UYU 8.5 million to UYU 8.8 million, before any heavy renovation.
For a US$500,000 property in Montevideo, equal to about UYU 19.8 million, a normal extra budget is about US$40,000 to US$60,000, or UYU 1.6 million to UYU 2.4 million. That means the final all-in budget is often around US$540,000 to US$560,000, or UYU 21.3 million to UYU 22.1 million, if the property only needs light work.
For a US$1,000,000 property in Montevideo, equal to about UYU 39.5 million, a normal extra budget is about US$80,000 to US$120,000, or UYU 3.2 million to UYU 4.7 million. That means the final all-in budget is often around US$1.08 million to US$1.12 million, or UYU 42.7 million to UYU 44.2 million, before major upgrades or design work.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Uruguay.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Montevideo
| Expense | Type | Estimated cost range |
|---|---|---|
| Transfer tax / ITP | Tax | Use 1% to 2% as a practical buyer-side budget. On a US$200,000 purchase, this can mean about UYU 79,000 to UYU 158,000, or US$2,000 to US$4,000, depending on the tax value used. |
| Notary / escribano | Legal fee | Budget about 2% to 3.7% for the notary and related legal work. On a US$200,000 purchase, that is roughly UYU 158,000 to UYU 292,000, or US$4,000 to US$7,400. |
| Registry, certificates, and stamps | Administrative | Budget about 0.3% to 1% for registration and paperwork. On a US$200,000 purchase, that is about UYU 24,000 to UYU 79,000, or US$600 to US$2,000. |
| Real estate agency commission | Brokerage | Buyer-side agency commission is often around 3% plus VAT when charged to the buyer. On a US$200,000 purchase, this can be around UYU 289,000, or about US$7,300. |
| Light renovation | Renovation | For painting, small repairs, appliances, and light upgrades, budget about 5% to 10%. On a US$200,000 apartment, that is about UYU 395,000 to UYU 790,000, or US$10,000 to US$20,000. |
| Heavy renovation | Renovation | For kitchens, bathrooms, wiring, plumbing, humidity issues, and bigger upgrades, budget about 15% to 30%. On a US$200,000 apartment, that is about UYU 1.2 million to UYU 2.4 million, or US$30,000 to US$60,000. |
| Contingency | Safety buffer | A 2% to 5% safety buffer is sensible, because older Montevideo buildings can hide extra costs. On a US$200,000 purchase, this means about UYU 158,000 to UYU 395,000, or US$4,000 to US$10,000. |
We made this infographic to show you how property prices in Uruguay compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Montevideo in 2026 with different budgets?
With US$100,000 in Montevideo in 2026, there is a real market, but it is mostly for small or older homes: an existing 30-35 sq m studio in Centro, an existing 35-42 sq m one-bedroom in Unión or La Comercial, or a compact 30-38 sq m apartment on the edge of Cordón that may need cosmetic work.
With US$200,000 in Montevideo in 2026, you can look at a new 45-55 sq m one-bedroom apartment in Cordón, an existing 60-75 sq m two-bedroom apartment in Parque Batlle, or an existing 55-70 sq m two-bedroom apartment in Buceo, possibly with a garage at the upper end.
With US$300,000 in Montevideo in 2026, you can look at an existing 70-85 sq m two-bedroom apartment in Pocitos, a new 65-75 sq m two-bedroom apartment in Parque Rodó or Cordón Sur, or an existing 80-100 sq m PH or low-rise unit in Malvín.
With US$500,000 in Montevideo in 2026, you can look at a 100-130 sq m three-bedroom apartment in Pocitos, a 90-120 sq m premium apartment in Punta Carretas, or a 140-180 sq m family house in Malvín or Carrasco Norte that may need modernization.
With US$1,000,000 in Montevideo in 2026, you can look at a 180-230 sq m large apartment in Punta Carretas, a 180-240 sq m penthouse or large apartment in Puerto Buceo, or a 220-320 sq m family house in Carrasco.
With US$2,000,000 in Montevideo in 2026, the market is real but thin, and buyers usually look at a 350-500 sq m luxury villa in Carrasco, a 250-350 sq m prime penthouse in Punta Carretas, or a 250-350 sq m waterfront apartment in Puerto Buceo or Carrasco.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Uruguay.
What sources have we used to write this blog article?
Whether it’s in our blog articles or the market analyses included in our property pack about Montevideo, we always rely on the strongest methodology we can and we don’t throw out numbers at random.
We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why this source matters | How we used it |
|---|---|---|
| Instituto Nacional de Estadística Uruguay - IAI Compraventa | INE is Uruguay’s official statistics office, so it is the strongest public source for registered property-sale activity. | We used it as the main anchor for actual sale transactions, not only asking prices. We used the 2026 IAI releases to estimate the latest closed-price direction. |
| INE - IAI Compraventa Febrero-Marzo 2026 | This specific official release gives fresh information on real estate sale registrations in Uruguay. | We used it to anchor the latest national median transaction price and recent annual price movement. We adjusted the national figure upward for Montevideo because the capital is usually more expensive. |
| Agencia Nacional de Vivienda - informes de precios | ANV is Uruguay’s official housing agency and tracks promoted-housing projects and reported sales. | We used it to estimate new-build apartment prices in areas such as Cordón, Tres Cruces, Centro, La Blanqueada, and Parque Batlle. We also used it to estimate the new-build premium. |
| Banco Central del Uruguay - cotizaciones | BCU is Uruguay’s central bank and the official reference point for exchange rates. | We used it for the June 2026 currency conversion framework. We used rounded rates of US$1 = UYU 39.5 and €1 = UYU 45.5. |
| INE - Índice de Precios del Consumo | INE is the official source for inflation data in Uruguay. | We used it to compare nominal price growth with inflation. We used the latest inflation context available at the writing date. |
| Inmuebles Data - El País Uruguay | This is a recognized local real estate data monitor published by a major Uruguayan newspaper group. | We used it to cross-check neighborhood price ranges and price-per-square-meter differences. We treated it as market-data support, not as the primary official source. |
| InfoCasas - Radiografía 2025 | InfoCasas is one of Uruguay’s major property portals and gives useful demand and listing-market signals. | We used it to cross-check buyer demand, apartment dominance, and the direction of asking prices. We compared it with official transaction data before using it. |
| Dirección General Impositiva - ITP | DGI is Uruguay’s official tax authority, so it is the right source for transfer-tax rules. | We used it to identify the mandatory transfer-tax framework. We then combined it with normal market practice for notary, registry, agency, and renovation costs. |
| Instituto Nacional de Estadística Uruguay | INE is the official public body behind Uruguay’s statistical series. | We used INE as the umbrella authority for transaction and inflation data. We gave more weight to INE than to listing portals. |
| Banco Central del Uruguay | BCU gives the official macroeconomic and currency context for Uruguay. | We used BCU to make sure the dollar and euro conversions were consistent. We also used it to avoid mixing old exchange rates with 2026 prices. |
| Agencia Nacional de Vivienda | ANV is useful because promoted housing is important in Montevideo’s apartment market. | We used ANV to understand new apartment pricing. We also used it to compare new construction with older housing stock. |
| Dirección General Impositiva Uruguay | DGI is the official authority for tax information in Uruguay. | We used DGI to keep the buying-cost section grounded. We did not rely only on informal real estate advice for taxes. |
| InfoCasas | InfoCasas is a major property portal in Uruguay and is useful for reading listing-market behavior. | We used it to understand current supply, demand, and asking-price ranges. We treated portal data as a cross-check, because asking prices are not always sale prices. |
| El País Uruguay | El País is one of Uruguay’s established media groups and publishes local real estate data through its property-data tools. | We used its real estate data environment to check neighborhood differences. We did not use it as a replacement for official transaction statistics. |
Get the full checklist for your due diligence in Montevideo
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.
Related blog posts