Investing in Punta Carretas: Returns and Prices — July 2026
INGAR · · Market
How much does a square metre cost in Punta Carretas?
The square metre in Punta Carretas has a median of USD 3,802 for apartments, making it the fifth most expensive neighbourhood in Montevideo and placing it 53% above the city median. The median total price is USD 266,700 across 71 square metres.
| Metric | Value |
|---|---|
| Median price per m² | USD 3,802/m² |
| Usual range (p25–p75) | USD 3,297 – 4,375/m² |
| Median total price | USD 266,700 |
| Median floor area | 71 m² |
| Monthly change | -0.8% |
| Year-to-date change | -3.5% |
| Median rent | USD 1,117 |
| Gross yield | 5.4% |
| Estimated net yield | 3.5% |
| Years of rent to cover the price | 19.9 |
| Months of supply | 1.7 |
| Supply level | High |
| Houses: median price per m² | USD 2,649/m² |
The usual range, from USD 3,297 to USD 4,375 per square metre, is narrower than in other coastal neighbourhoods. Punta Carretas is homogeneous in urban terms: almost everything on offer is mid-to-high quality and upwards, and that compresses the price spread.
What is the rent in Punta Carretas and what does it yield?
The median rent is USD 1,117 a month, 71% above the Montevideo median, and the gross yield is 5.4%, below the city's 6.0%. The estimated net figure is 3.5% and it takes 19.9 years of rent to cover the price.
It is one of the few neighbourhoods where rent tops a thousand dollars on standard-sized units (a median 71 square metres). In Carrasco and Punta Gorda rents are higher, but across 111 and 76 square metres: here the price per rented square metre is among the highest in the city.
How did Punta Carretas prices move this month?
Asking prices eased 0.8% in the month and are down 3.5% for the year, somewhat more pronounced than Pocitos (-1.2%) and considerably less than Carrasco (-9.1%). Supply is absorbed in 1.7 months, barely above the city median, with a high supply level.
The reasonable reading is that the premium band is correcting its asking prices slightly without that affecting liquidity: it keeps selling at the same pace, with price expectations a little more moderate than at the start of the year.
What sets Punta Carretas apart?
It is the peninsula closing the coast to the west, and that geography explains almost everything: surrounded by water on three sides, it has no through traffic, which gives it a calm that Pocitos, ten blocks away, does not have. The lighthouse, the promenade and the tree-lined streets of low houses coexist with the towers of Ellauri and Solano García.
The shopping centre, housed in the old prison, works as the neighbourhood's centre of gravity and explains much of the rental demand: there is a mass of workers and students who want to live within walking distance of it. The flip side is that the neighbourhood has less street-level commercial life than Pocitos: activity concentrates on a few axes.
Houses in Punta Carretas are a scarce and expensive product: USD 2,649/m² and a median price of USD 640,000, the third highest in the city after Carrasco and Puerto Buceo. These are the low houses on the inner streets, which rarely reach the market.
Who is Punta Carretas right for?
For those seeking the combination of coast, calm and full services without giving up proximity to the centre, and who can handle a median entry ticket of USD 266,700. For the conservative investor: a 5.4% yield is low, but rental demand is constant and the neighbourhood has the most stable price series on the coast.
It is not the choice if the goal is maximising income. The same capital buys two apartments in the central corridor that together yield considerably more, at the cost of more management and a less fluid resale.
Frequently asked questions
How much does a square metre cost in Punta Carretas?
The table above shows the neighbourhood's median USD per square metre and its usual range, updated with the INGAR Index monthly close.
Is Punta Carretas 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 Punta Carretas 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.