Buceo: Price & Market Analysis — July 2026
INGAR · · Market
Sale Prices
Buceo holds a premium position in Montevideo's real estate market, with prices that reflect its coastal location and the sustained demand for properties in the area. Current listing values vary by property type, showing a price structure consistent with the neighborhood's reality.
| Bedrooms | Price/m² | Total Price |
|---|---|---|
| 0 | USD 3,319/m² | USD 112,716 |
| 1 | USD 3,328/m² | USD 157,873 |
| 2 | USD 3,057/m² | USD 210,000 |
| 3 | USD 3,014/m² | USD 430,570 |
| 4 | USD 3,082/m² | USD 530,000 |
Smaller apartments (studios and efficiencies) reach values of USD 3,319/m² and USD 3,328/m² respectively, reflecting the high demand for compact properties in the coastal area. 2-bedroom units, which represent the most popular segment, hover around USD 3,057/m², with total prices close to USD 210,000, positioning them as an accessible option within Montevideo's premium segment.
3- and 4-bedroom properties show slightly lower prices per square meter (USD 3,014/m² and USD 3,082/m² respectively), which is common in the market since these units require more space and their demand is comparatively lower. However, total prices are significantly higher: USD 430,570 for a 3-bedroom and USD 530,000 for a 4-bedroom.
For context, you can check the price ranking by neighborhood to understand how Buceo compares to other areas of Montevideo.
Rentals
The rental market in Buceo reflects sustained demand from both residents and tourists on extended stays. Monthly values increase proportionally with the number of bedrooms, following the expected pattern.
| Bedrooms | Monthly Rent |
|---|---|
| 0 | USD 577 |
| 1 | USD 690 |
| 2 | USD 750 |
| 3 | USD 987 |
| 4 | USD 1,530 |
Studios rent for USD 577 per month, while efficiencies reach USD 690. 2-bedroom apartments, with a monthly rent of USD 750, are particularly attractive to investors because they combine good price accessibility with consistent demand. 3-bedroom properties hover around USD 987 per month, and 4-bedroom units reach USD 1,530 — a value that reflects the area's absorption capacity for larger families or corporate use.
The median monthly rent in the neighborhood is around USD 757, positioning Buceo as an area with interesting profitability for property owners seeking regular passive income.
Returns
- Gross yield: 5.5%
- Estimated net yield: 4.2%
- Price-to-rent ratio: 18 years
- Median monthly rent: USD 757
Buceo offers a gross yield of 5.5%, which drops to 4.2% on a net basis after deducting management, maintenance, and tax expenses. This return is solid and attractive in the current Uruguayan real estate market context, placing the neighborhood above Montevideo's average for medium-term investments.
The price-to-rent ratio of 18 years indicates that an investor would recover their invested capital over an eighteen-year horizon through accumulated rents, assuming stable conditions. While not an explosive return, it provides security and predictability — characteristics valued in an asset like real estate.
For an investor, this means that every dollar invested in a property in Buceo generates approximately 4.2 cents annually in net rent, not counting property appreciation. To this must be added the potential for property appreciation over the medium-to-long term, especially in such a high-demand area.
Market Dynamics
- Current supply (relative level among neighborhoods): High
- Months of inventory: 3.9
Buceo presents a high supply of properties for sale, reflecting both owners' interest in selling and the relative liquidity of the market in the neighborhood. With 3.9 months of inventory, we are looking at a balanced market leaning toward the buyer's side.
To put it in perspective: at the current rate of sales, it would take nearly four months to exhaust the neighborhood's current supply. This gives buyers room to negotiate and evaluate options without pressure, unlike very tight markets where properties sell in days. However, it is not a saturated market: supply remains attractive for sellers who trust in Buceo's demand.
In summary, it is a moderate buyer's market, where interested parties have negotiating power but cannot expect irrational discounts. Keep in mind that listed prices are typically 5% to 10% above actual closing prices.
Conclusion
Buceo is a neighborhood for investors seeking stability, regular income, and a premium location. The gross yield of 5.5% (net 4.2%) is competitive in the local context, and the high supply ensures liquidity if you need to sell or change strategy.
The neighborhood is especially suitable for:
- Residential investors: who want to live in an attractive location while earning returns from renting out an additional unit.
- Funds or legal entities: seeking a diversified portfolio of premium properties with sustained demand.
- End buyers: willing to pay for coastal location, amenities, and asset security.
If you want to compare with other neighborhoods, check out our ranking of the best neighborhoods to invest in Montevideo.
Frequently Asked Questions
How much does a square meter cost in Buceo?
The sale price table above shows the median USD per square meter by number of bedrooms, updated this month with the current listings in Buceo.
Is it worth investing in Buceo?
It depends on your goal: check the returns section and market dynamics above. For a personalized read, appraise a property online or reach out and we can look at it together.
Want to invest with data, not intuition? See how to invest in Uruguay, appraise a property online, or contact us on WhatsApp.
This data is part of the INGAR Index, the monthly Montevideo real estate market index. Check the Buceo profile with the full monthly series and the methodology.
Updated: July 2026. Source: INGAR analysis based on current real estate listings in Montevideo.