Investing in Punta Carretas: Profitability and Prices — June 2026
INGAR · · Market
Sale Prices
Punta Carretas maintains its position as one of the most expensive neighborhoods in Montevideo in June 2026. The price per square meter varies significantly depending on the type of property, reflecting market segmentation in the area.
| Bedrooms | Price/m² | Total Price | Sample |
|---|---|---|---|
| 0 | USD 3,651/m² | USD 126,850 | 1,003 |
| 1 | USD 3,947/m² | USD 189,000 | 2,855 |
| 2 | USD 3,983/m² | USD 309,950 | 1,923 |
| 3 | USD 3,656/m² | USD 510,000 | 1,290 |
| 4 | USD 3,398/m² | USD 650,000 | 416 |
| 5 | USD 5,428/m² | USD 1,900,000 | 113 |
Two-bedroom apartments reach the peak price per square meter at USD 3,983/m², followed by one-bedroom units at USD 3,947/m². This suggests that the most concentrated demand in Punta Carretas is in the upper-middle segment of compact and medium-sized units.
One-bedroom apartments are the most abundant in current supply, with 2,855 listings for sale. This typology remains the preferred choice for investors and buyers seeking access to the neighborhood without committing to extremely high budgets. The average total price is around USD 189,000, positioning them as reasonable entry points for this premium market.
It is relevant to note that three-bedroom apartments present a lower price per square meter (USD 3,656/m²) despite their elevated total price (USD 510,000). This reflects that larger units tend to have greater square footage and, proportionally, are valued less per additional square meter.
At the upper end of the market, five-bedroom properties reach USD 5,428/m², the highest value in the entire classification, with an average total price of USD 1,900,000. This is a very limited segment—only 113 listings on offer—directed toward ultra-premium buyers who value location and space above any other variable.
Rentals
| Bedrooms | Monthly Rent | Sample |
|---|---|---|
| 0 | USD 622 | 578 |
| 1 | USD 825 | 1,266 |
| 2 | USD 1,125 | 853 |
| 3 | USD 1,821 | 386 |
| 4 | USD 2,500 | 173 |
| 5 | USD 4,300 | 6 |
The rental market in Punta Carretas shows a clear distribution of demand: one-bedroom apartments concentrate the largest number of listings with 1,266 available properties at USD 825 per month. This category is the most requested by young tenants, professionals without families, and foreigners relocating for work.
Studio apartments (0 bedrooms) rent for USD 622 per month, with a significant sample of 578 listings. They represent the most accessible option within the premium neighborhood, attracting advanced students and entry-level professionals.
Two-bedroom apartments reach USD 1,125 per month with 853 available listings, marking a jump of approximately 36% compared to one-bedroom units. From this typology onward, the market becomes more selective: three-bedroom units have 386 listings at USD 1,821 per month, while four-bedroom units total only 173 properties at USD 2,500.
The segment of five-bedroom properties remains practically without rental supply (only 6 listings), showing that this type of property is destined almost exclusively for sale and not for residential lease.
Profitability
Based on the supply data available in June 2026, it is possible to calculate gross yields for the main market segments in Punta Carretas.
For one-bedroom apartments, the gross annual yield is approximately 5.2% (annual rent of USD 9,900 on a sale price of USD 189,000). This return is competitive within the Montevideo context, falling within the expected range for properties in premium neighborhoods.
In the two-bedroom segment, the gross yield is close to 4.4% (annual rent of USD 13,500 on USD 309,950 in sale price). Although lower than one-bedroom units, it remains attractive for investors seeking greater demand stability and a more established tenant profile.
Three-bedroom apartments offer an approximate gross yield of 4.3% (annual rent of USD 21,852 on USD 510,000). In this segment, a downward pressure on profitability begins to be noticed, typical of larger properties where the rental market is more restricted.
It is important to highlight that these are gross yields, meaning they do not deduct taxes, maintenance, insurance, or vacancy periods. In practical operations, net returns typically fall between 1% and 2.5% below these figures. Punta Carretas, as a premium neighborhood with low deterioration risk and high demand, tends to experience lower vacancy than other neighborhoods, which relatively improves its net profitability.
Market Dynamics
In June 2026, Punta Carretas reflects market characteristics that merit detailed analysis by buyers and investors.
The concentration of supply is notable in the one and two-bedroom segments, where almost 60% of all sale listings are concentrated. This relative abundance suggests that the supply market is abundant in these typologies, slightly favoring buyers who can negotiate better. However, this should not be interpreted as general weakness in the neighborhood, but rather as a reflection that these are the historically most demanded categories.
The segment of four and five-bedroom properties presents much more limited supply (529 listings total versus over 7,600 in one and two-bedroom units). This relative scarcity places negotiating power on the side of sellers in the high segment, where the market is more selective and differentiated.
Rental supply is proportionally more concentrated than sale supply: 3,095 rental listings versus 7,600 in sales suggest that a significant portion of Punta Carretas property owners retain their properties for owner occupation or medium-term investment, without immediate exit to the rental market.
The breadth of supply in these numbers indicates a liquid market, meaning one with enough active listings for buyers and renters to find real options. There are no signals of critical scarcity nor excessive accumulation of available stock.
Conclusion
Punta Carretas in June 2026 consolidates itself as a first-class real estate investment neighborhood, with high prices but moderate yields that reflect its premium character. Supply is ample and diversified, especially in the one and two-bedroom apartment segment, which facilitates both purchase and rental.
For residential buyers seeking quality of life, security, commerce, and proximity to the waterfront, Punta Carretas is a natural choice. Asking prices range from USD 126,850 in studio apartments to USD 1,900,000 in five-bedroom mansions, covering practically any budget within the premium segment.
For investors, the neighborhood offers gross profitability in the range of 4.3% to 5.2%, with low vacancy risk and solid rental demand. The investment requires significant initial capital, but the neighborhood's stability and sustained demand justify the medium-term commitment.
Those seeking higher gross returns should explore alternative neighborhoods with different risk and demand profiles. Punta Carretas prioritizes security and stability over maximum returns.
Check our ranking of prices by neighborhood to compare with other areas, or discover the best neighborhoods to invest in Montevideo according to your profitability strategy and risk profile.
Updated: June 2026. Source: INGAR analysis based on current real estate supply in Montevideo.