99% of what you need to know before buying real estate in Uruguay

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THE URUGUAYAN PROPERTY MARKET IN 2024

If you're thinking about buying property in the Switzerland of America, there are a few things you should know about the market.

Skip the lengthy 100-page reports filled with complex words, old info, and unsupported opinions. This document is different. Data is fresh and presented in easy words, useful graphs, and engaging charts.

After just 20 minutes of reading, you'll know more than 95% of people considering property investment in Uruguay.

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PRICES, RENTS AND YIELDS IN URUGUAY IN 2024

How much for a flat in Montevideo? What are the property yield trends in Uruguay? What's the average rent in Punta del Este?

This report will give you solid answers, using data sourced from our analysis of over 2,400 properties that have been available on the market. Then, you will know what you can expect when you're hunting for properties.

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ANALYSIS - IS NOW A GOOD TIME TO BUY?

Is now a good time to consider property investment in Uruguay? Some might argue in favor, but Uruguayan friends might differ. Keep in mind, opinions are thoughts and may not always be certain.

In this document, we take the last notable trends in Uruguay (prices, yields, inflation, political climate, investor confidence, etc.) and tell you what they mean. Then, you can decide to go ahead or not.

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ANATOMY OF A GOOD / BAD PROPERTY DEAL

Did you check out a property you're thinking of buying? Not sure if it will make a good investment? Well, it's actually not too hard to determine.

Investments that end up going wrong in Uruguay tend to have similar features. However, by looking closely at specific factors, we can confidently judge whether an investment is likely to fail or succeed. Curious about what factors to consider? This document covers everything you need to know.

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THE FULL BUYING PROCESS, STEP BY STEP

Do you need a notary or a lawyer? When do we give the deposit in Uruguay? How do you ensure proper property ownership? Are there any particularly error-prone stages?

From the start of your property search to the moment you obtain the keys of your property, this document will be your go-to guide. Use it frequently to double-check every important aspect to ensure nothing is overlooked and that everything is progressing as it should.

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21 CONTACTS TO BUY A PROPERTY IN URUGUAY

The right people can make you save time and money. With that in mind, we've compiled a complete list of contacts you'll find indispensable while buying property in Uruguay. From A to Z, we've got you covered.

Inside this document, you'll have access to: Uruguayan real estate agents, property listing websites, Uruguayan real estate lawyers, property insurance agents, property managers, moving companies, and even expat communities in Uruguay.

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WHAT YOU NEED TO CHECK BEFORE BUYING

Neglecting 'Impuesto al Patrimonio,' misunderstanding 'Reglamento de Copropiedad,' and not verifying 'Plano de Mensura'... buyers commonly face the same pitfalls when investing in Uruguayan property.

Without knowing the legal and cultural landscape well, it's easy to fall into common traps that have led many to regrettable financial outcomes. Don't be another one.

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ALL THE DOCUMENTS AND WHAT THEY MEAN

Do you understand the purpose of a 'Cédula Catastral' in Uruguay? What is the significance of 'Unidad Indexada'? Are you comfortable with the concept of 'Impuesto al Patrimonio'?

Our team has reviewed all the documents you'll encounter when dealing with property – whether you're buying, renting, selling, or living in one. Each document is explained briefly: its purpose, when to use it, who provides it, and key things to be cautious about.

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WHERE AND HOW TO GET A MORTGAGE AS A FOREIGNER

If you're seeking financing options in Uruguay, this guide will prove to be highly valuable.

We have gathered all the information you need to apply for a mortgage with banks in Uruguay. This includes details on eligible banks, step-by-step guidance for the entire process, and helpful tips to increase your chances of getting approved. We also highlight common mistakes to avoid.

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HOW TO RENT OUT QUICKLY

If you're aiming to rent out your property swiftly in Uruguay, understanding Uruguayan cultural norms is essential.

You might not know where to find tenants fast, how to set the right rent, or what to put in the rental agreement.

Here are some useful tips, with insider knowledge, that will help you save time and money.

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FOCUS ON PUNTA DEL ESTE

If the allure of luxurious resorts and pristine beaches resonates with you, enjoying Uruguayan seafood is a pleasure, and you appreciate a blend of relaxation, glamour, and a vibrant social scene, Punta Del Este should be your target.

This report offers solid facts and data about this place: neighborhood analysis, yields, rentals, budget-based options, market strategies, and pitfalls.

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FOCUS ON MONTEVIDEO

If a blend of colonial architecture and coastal charm intrigues you, enjoying Uruguayan asado is a treat, and you're captivated by a mix of relaxed vibes, mate culture, and a connection to the Rio de la Plata, Montevideo might be for you.

Uncover the city's advantages and disadvantages, projected yields, insights into the short-term rental market, prime locations for competitive prices, etc.