Investing in Punta Carretas: Returns and Prices — July 2026
INGAR · · Market
Sale Prices
Punta Carretas maintains its position as one of the most premium neighborhoods in Montevideo. Current listing prices reflect a clear structure tied to property size, with values ranging from USD 127,750 for a studio to USD 1,900,000 for a 5-bedroom property.
The price per square meter is particularly interesting: 2-bedroom apartments reach USD 3,939/m², while larger properties (5 bedrooms) rise to USD 5,428/m², reflecting a significant premium for size and exclusivity. 3- and 4-bedroom properties, on the other hand, show more moderate per-square-meter values (USD 3,648/m² and USD 3,404/m² respectively), suggesting a good price-to-size ratio in those segments.
| Bedrooms | Price/m² | Total Price |
|---|---|---|
| 0 | USD 3,647/m² | USD 127,750 |
| 1 | USD 3,893/m² | USD 192,000 |
| 2 | USD 3,939/m² | USD 310,000 |
| 3 | USD 3,648/m² | USD 510,590 |
| 4 | USD 3,404/m² | USD 685,000 |
| 5 | USD 5,428/m² | USD 1,900,000 |
For context, you can check the neighborhood price ranking to see how Punta Carretas compares to other areas of the capital.
Rentals
The rental market in Punta Carretas shows values consistent with its status: from USD 622 per month for a studio to USD 3,800 for a 5-bedroom property. 2- and 3-bedroom units — the most in-demand segments among families and professionals — come in at USD 1,123 and USD 1,900 respectively.
These values confirm that Punta Carretas is a destination for both owner-occupants and investors. The median rent of USD 1,107 per month indicates that most rental properties in the neighborhood hover around that figure, allowing for more precise return estimates.
| Bedrooms | Monthly Rent |
|---|---|
| 0 | USD 622 |
| 1 | USD 828 |
| 2 | USD 1,123 |
| 3 | USD 1,900 |
| 4 | USD 2,700 |
| 5 | USD 3,800 |
Returns
- Gross yield: 5.3%
- Estimated net yield: 4.0%
- Price-to-rent ratio: 19 years
- Median monthly rent: USD 1,107
A gross yield of 5.3% in Punta Carretas is solid for a neighborhood of this category. After deducting maintenance costs, taxes, and real estate commissions, the estimated net return comes in at 4.0%, which remains competitive within the current Montevideo context.
The price-to-rent ratio of 19 years indicates the average time it would take for an investment to be recovered through rental income alone. While this figure is higher than in neighborhoods with more aggressive returns, it is reasonable given that Punta Carretas also offers capital appreciation, stable rental demand, and access to a pool of high-income tenants.
For investors, this means: if the goal is to maximize annual yield, Punta Carretas is not the most aggressive option. But if you're looking for a combination of income + capital preservation + access to a premium rental market, the numbers justify the purchase. The median rent of USD 1,107 per month provides a concrete benchmark for what to expect in terms of cash flow.
Market Dynamics
- Current supply (relative level across neighborhoods): High
- Months of stock: 3.1
Punta Carretas currently shows high supply relative to the Montevideo market. This means there is an abundance of properties for sale in the neighborhood at this time, which typically favors the buyer.
With 3.1 months of stock — the average time it would take to sell all listed properties at the current sales pace — we are looking at a market clearly tilted toward buyers. As a reference, a balanced market typically sits around 4–5 months of stock; below 3 months is a seller's market, and above 5 is clearly a buyer's market. Punta Carretas, at 3.1 months, is practically on the line that favors negotiation.
This abundance of supply gives you the freedom to choose, compare, and — especially important — negotiate. In contexts like this, listed prices tend to have more flexibility than during periods of low stock. It is a favorable moment for selective buyers looking to maximize property quality and transaction terms.
Conclusion
Punta Carretas in July 2026 is a neighborhood with a dual profile: it remains an appealing destination for owner-occupants who can pay a premium for location, amenities, and atmosphere, and it also offers a profitable alternative for investors seeking returns in the range of 5% gross with guaranteed rental stability.
Prices are not the lowest in the city — clearly — but the high supply and 3.1 months of stock create favorable negotiating conditions. This is especially relevant if you are considering 3- to 4-bedroom properties, where the price per square meter is more competitive.
Punta Carretas makes sense if:
- You want to live in a well-established neighborhood with premium amenities, tree-lined avenues, and proximity to quality public spaces
- You are an investor with a medium-to-long horizon who prefers predictable returns over aggressive ones
- You want access to solvent tenants and stable demand
- You value capital appreciation alongside rental income
For more context, check the ranking of the best neighborhoods to invest in, where we compare returns, dynamics, and risk profiles across the entire capital.
Frequently Asked Questions
How much does a square meter cost in Punta Carretas?
In the sale price table above you'll find the median USD per square meter by number of bedrooms, updated this month with the current listings in Punta Carretas.
Is it worth investing in Punta Carretas?
It depends on your goal: check the returns section and market dynamics above. For a tailored analysis, get an online property valuation or reach out and we'll look at it together.
Want to invest with data, not intuition? See how to invest in Uruguay, get an online property valuation, or reach out via WhatsApp.
This data is part of the INGAR Index, the monthly Montevideo real estate market index. Check the Punta Carretas profile with the full monthly series and the methodology.
Updated: July 2026. Source: INGAR analysis based on current real estate listings in Montevideo.