Buceo: Price & Market Analysis — July 2026
INGAR · · Market
How much does a square metre cost in Buceo?
The square metre in Buceo has a median of USD 3,172 for apartments, 28% above the Montevideo median, and the median total price is USD 170,100 across 55 square metres. It ranks 11th in the price table.
| Metric | Value |
|---|---|
| Median price per m² | USD 3,172/m² |
| Usual range (p25–p75) | USD 2,706 – 3,674/m² |
| Median total price | USD 170,100 |
| Median floor area | 55 m² |
| Monthly change | -0.1% |
| Year-to-date change | -5.3% |
| Median rent | USD 761 |
| Gross yield | 5.6% |
| Estimated net yield | 3.6% |
| Years of rent to cover the price | 18.6 |
| Months of supply | 1.5 |
| Supply level | High |
| Houses: median price per m² | USD 1,833/m² |
Buceo is one of the few coastal neighbourhoods with an entry ticket below USD 200,000, which makes it the most reasonable gateway to the coast: a median USD 170,100 buys four blocks from the beach, when the same product costs USD 240,000 in Pocitos and USD 266,700 in Punta Carretas.
What is the rent in Buceo and what does it yield?
The median rent is USD 761 a month and the gross yield is 5.6%, somewhat below the city median. The estimated net figure is 3.6% and it takes 18.6 years of rent to cover the price.
The return is typical of the coast, but with one important advantage: Buceo's supply is absorbed in 1.5 months, faster than the city median and than any other premium coastal neighbourhood. It yields similarly to Pocitos and Malvín, but exits sooner.
How did Buceo prices move this month?
Asking prices were practically unchanged in the month (-0.1%), though they are down 5.3% for the year, the second largest drop on the coastal strip after Carrasco. Supply is high and turns over quickly.
That combination of asking prices easing over the year and brisk absorption suggests the adjustment has already happened and the neighbourhood is trading at the new values without resistance. For a buyer, that is favourable.
What sets Buceo apart?
Buceo is the coastal neighbourhood that has changed most in the past fifteen years, and the one with the sharpest mix of old and new. The World Trade Center and Montevideo Shopping axis concentrates offices, recent towers and the city's largest corporate services hub; a few blocks away, towards the Buceo harbour and the promenade, the residential neighbourhood of low buildings and houses remains as it always was.
That duality explains the price range of USD 2,706 to USD 3,674 per square metre: buying opposite the WTC and buying near the harbour are very different transactions within the same neighbourhood.
For landlords, the WTC is the most important demand engine: there is a stable mass of professionals who want to walk to work, and that sustains occupancy year-round.
Houses in Buceo cost USD 1,833/m² with a median price of USD 235,000, 42% less per square metre than apartments. These are the houses of the residential area that ended up surrounded by the new buildings.
Who is Buceo right for?
For those who want the coast on a limited budget: it is the most affordable access to the established coastal strip. For those working on the WTC corporate axis who prioritise not depending on a car.
For investors, it is an interesting alternative to Pocitos: it yields half a point more (5.6% against 5.1%), costs USD 70,000 less to enter and sells faster. The trade-off is that Buceo's price series is somewhat more volatile, with a year-to-date figure of -5.3% against Pocitos's -1.2%.
Frequently asked questions
How much does a square metre cost in Buceo?
The table above shows the neighbourhood's median USD per square metre and its usual range, updated with the INGAR Index monthly close.
Is Buceo a good place to invest?
It depends on your goal: check the yield and supply dynamics above. For a read on a specific property, get an online appraisal or write to us.
Want to decide with data instead of gut feel? See how to invest in Uruguay, get an online property appraisal or message us on WhatsApp.
This data is part of the INGAR Index, the monthly index of Montevideo's real estate market. See the Buceo data sheet with the full monthly series and the methodology.
Updated with the 2026-07 close. Source: INGAR Index, the monthly index of Montevideo's real estate market.
Data from the INGAR Index — 2026-07.