Buceo real estate data — Índice INGAR
Buceo: USD 3,657/m² median asking price for apartments in September 2026, estimated gross rental yield 5.6%.
Last updated: October 1, 2026.
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How much does a square meter cost in Buceo, Montevideo?
An apartment in Buceo costs a median of USD 3,657 per m² in September 2026, +0.1% versus the previous month.
In September 2026, Buceo ranks #12 of 48 published neighborhoods by price per m² in apartments (#1 = most expensive). The median asking price is USD 170,000 for a typical surface of 46 m². Versus the previous month the price per m² moved +0.1%; since the series began (March 2026) it accumulates +3.0%. Published supply in the neighborhood is high relative to the rest of the city; this does not measure completed sales. Estimated capital appreciation for the area is +3.9% per year; unlike the other figures in this section, this one is calculated from official INE and DGI series, not from our own survey. Figures reflect asking prices from the Índice INGAR, not closed transactions.
Apartments — September 2026
- Median USD/m² (USD/m²)
- USD 3,657
- P25–P75 (USD/m²)
- 3,265 – 4,124
- Median price (USD)
- USD 170,000
- Median surface
- 46 m²
- MoM change
- +0.1%
- Change since series start
- +3.0%
- Estimated gross yield
- 5.6% estimated
- Estimated capital appreciation (INE + DGI)
- +3.9%
- Supply
- High
What rental yield does an apartment in Buceo produce?
An apartment in Buceo yields an estimated 5.6% gross per year in September 2026. Gross yield over asking prices: it does not deduct vacancy, management, maintenance or taxes, so net return depends on each individual deal.
Standard reference scenario: what is deducted and how much →
Monthly series — Apartments
| Month | Median USD/m² | P25 | P75 | MoM change | Estimated gross yield* | Supply |
|---|---|---|---|---|---|---|
| Mar 2026 | USD 3,550 | 3,122 | 4,047 | — | 5.4% | High |
| Apr 2026 | USD 3,571 | 3,107 | 4,039 | +0.6% | 5.1% | High |
| May 2026 | USD 3,573 | 3,125 | 4,038 | +0.1% | 5.5% | High |
| Jun 2026 | USD 3,631 | 3,198 | 4,102 | +1.6% | 5.6% | High |
| Jul 2026 | USD 3,660 | 3,233 | 4,146 | +0.8% | 5.6% | High |
| Aug 2026 | USD 3,652 | 3,246 | 4,094 | -0.2% | 6.2% | High |
| Sep 2026 | USD 3,657 | 3,265 | 4,124 | +0.1% | 5.6% | High |
* Gross yield = annual rent ÷ asking price. It does not deduct vacancy, management, maintenance, taxes or acquisition costs. These are estimates based on asking prices, not promised returns. See methodology. The series starts in March 2026; cumulative change is measured from that start.
Source: Índice INGAR — our own market survey (asking prices).
How much does a house cost in Buceo, Montevideo?
A house in Buceo has a median asking price of USD 235,000 in September 2026 (USD 2,173/m², typical surface 110 m²), +3.0% versus the previous month.
In September 2026, Buceo ranks #9 of 51 published neighborhoods by price per m² in houses (#1 = most expensive). Versus the previous month the price per m² moved +3.0%; since the series began (March 2026) it accumulates +3.5%. Published supply in the neighborhood is high relative to the rest of the city; this does not measure completed sales. Estimated capital appreciation for the area is +3.9% per year; unlike the other figures in this section, this one is calculated from official INE and DGI series, not from our own survey. Figures reflect asking prices from the Índice INGAR, not closed transactions.
Houses — September 2026
- Median USD/m² (USD/m²)
- USD 2,173
- P25–P75 (USD/m²)
- 1,520 – 2,795
- Median price (USD)
- USD 235,000
- Median surface
- 110 m²
- MoM change
- +3.0%
- Change since series start
- +3.5%
- Estimated gross yield
- 7.0% estimated
- Estimated capital appreciation (INE + DGI)
- +3.9%
- Supply
- High
Monthly series — Houses
| Month | Median USD/m² | P25 | P75 | MoM change | Estimated gross yield* | Supply |
|---|---|---|---|---|---|---|
| Mar 2026 | USD 2,099 | 1,648 | 2,727 | — | 7.4% | High |
| Apr 2026 | USD 2,151 | 1,675 | 2,660 | +2.5% | 7.5% | High |
| May 2026 | USD 2,187 | 1,672 | 2,661 | +1.7% | 7.6% | High |
| Jun 2026 | USD 2,075 | 1,622 | 2,658 | -5.1% | 7.5% | High |
| Jul 2026 | USD 2,143 | 1,610 | 2,671 | +3.3% | 7.6% | High |
| Aug 2026 | USD 2,110 | 1,557 | 2,711 | -1.5% | 7.7% | High |
| Sep 2026 | USD 2,173 | 1,520 | 2,795 | +3.0% | 7.0% | High |
* Gross yield = annual rent ÷ asking price. It does not deduct vacancy, management, maintenance, taxes or acquisition costs. These are estimates based on asking prices, not promised returns. See methodology. The series starts in March 2026; cumulative change is measured from that start.
Source: Índice INGAR — our own market survey (asking prices).
How much does land cost per square meter in Buceo, Montevideo?
Land in Buceo costs a median of USD 940 per m² in September 2026, -1.0% versus the previous month.
In September 2026, Buceo ranks #10 of 15 published neighborhoods by price per m² in land (#1 = most expensive). The median asking price is USD 350,000 for a typical surface of 444 m². Versus the previous month the price per m² moved -1.0%; since the series began (March 2026) it accumulates -0.6%. Published supply in the neighborhood is high relative to the rest of the city; this does not measure completed sales. Estimated capital appreciation for the area is +3.9% per year; unlike the other figures in this section, this one is calculated from official INE and DGI series, not from our own survey. Figures reflect asking prices from the Índice INGAR, not closed transactions.
Land — September 2026
- Median USD/m² (USD/m²)
- USD 940
- P25–P75 (USD/m²)
- 673 – 1,500
- Median price (USD)
- USD 350,000
- Median surface
- 444 m²
- MoM change
- -1.0%
- Change since series start
- -0.6%
- Estimated capital appreciation (INE + DGI)
- +3.9%
- Supply
- High
Monthly series — Land
| Month | Median USD/m² | P25 | P75 | MoM change | Estimated gross yield* | Supply |
|---|---|---|---|---|---|---|
| Mar 2026 | USD 946 | 677 | 1,431 | — | — | High |
| Apr 2026 | USD 945 | 695 | 1,483 | -0.1% | — | High |
| May 2026 | USD 952 | 695 | 1,566 | +0.7% | — | High |
| Jun 2026 | USD 944 | 710 | 1,504 | -0.8% | — | High |
| Jul 2026 | USD 940 | 750 | 1,506 | -0.4% | — | High |
| Aug 2026 | USD 949 | 703 | 1,504 | +1.0% | — | High |
| Sep 2026 | USD 940 | 673 | 1,500 | -1.0% | — | High |
* Gross yield = annual rent ÷ asking price. It does not deduct vacancy, management, maintenance, taxes or acquisition costs. These are estimates based on asking prices, not promised returns. See methodology. The series starts in March 2026; cumulative change is measured from that start.
Source: Índice INGAR — our own market survey (asking prices).
How much is rent in Buceo, Montevideo?
The average rent in Buceo was UYU 26,438 (USD 658) in July 2026, based on real contracts registered with the DGI (Uruguay's tax agency) and published by the INE (national statistics institute).
Year over year it moved +8.7% in pesos (+8.8% in dollars). The average comes from 1,352 new contracts registered over the last 12 months (rolling annual average). INE publishes with a lag of about three months; the figure is an average per contract, with no breakdown by property type or size.
Monthly series — Official rent (INE)
| Month | Rent (UYU) | Rent (USD) | Contracts (12 mo) |
|---|---|---|---|
| Jul 2025 | $ 24,323 | USD 604 | 646 |
| Aug 2025 | $ 24,520 | USD 612 | 635 |
| Sep 2025 | $ 25,359 | USD 634 | 1,320 |
| Oct 2025 | $ 25,296 | USD 634 | 1,264 |
| Nov 2025 | $ 25,565 | USD 644 | 1,299 |
| Dec 2025 | $ 26,031 | USD 665 | 1,290 |
| Jan 2026 | $ 26,145 | USD 680 | 1,310 |
| Feb 2026 | $ 25,918 | USD 672 | 1,249 |
| Mar 2026 | $ 26,174 | USD 650 | 1,234 |
| Apr 2026 | $ 26,243 | USD 656 | 1,186 |
| May 2026 | $ 26,206 | USD 655 | 1,229 |
| Jun 2026 | $ 26,456 | USD 657 | 1,318 |
| Jul 2026 | $ 26,438 | USD 658 | 1,352 |
Source: INE (Real Estate Activity Index — Rentals, based on contracts registered with the DGI). USD conversion: Ingar, using the BCU exchange rate.
How much new housing is being built in Buceo, Montevideo?
Buceo had 27,101 m² of new housing approved in 2025 (20 building permits), -26% versus 2024.
Buceo ranks #7 of 54 Montevideo neighborhoods by approved housing m² in 2025. So far in 2026, 7,533 m² have been approved (partial year, ~2-month publication lag). Building permits are the leading indicator of future supply: what is approved today reaches the market as new housing within roughly two to three years. The city series starts in 1997, allowing full construction cycles to be read.
Annual series — approved housing m²
| Year | Permits | Approved m² |
|---|---|---|
| 2021 | 31 | 120,265 |
| 2022 | 28 | 9,713 |
| 2023 | 29 | 18,226 |
| 2024 | 32 | 36,383 |
| 2025 | 20 | 27,101 |
| 2026 (partial) | 22 | 7,533 |
Source: City of Montevideo (Intendencia) — Approved building permits, National Open Data Catalog. Aggregation by neighborhood: Ingar.
Comparable neighborhoods
- See the full INGAR Index
- Methodology (v2.0)
- Map: where Montevideo builds (permits 1997–2026)
- Download data (CSV) · JSON
- Official INE rent by neighborhood (CSV)
- Building permits by neighborhood since 1997 (CSV)
Prices, rents and yields: Índice INGAR, our own market survey (asking prices). Among those metrics, estimated capital appreciation is the only one built from official INE and DGI series.
Free to use with mandatory attribution: Source: Índice INGAR — ingar.com.uy/indice