Centro real estate data — Índice INGAR

How much does a square meter cost in Centro, Montevideo?

An apartment in Centro costs a median of USD 3,026 per m² in September 2026, -0.2% versus the previous month.

In September 2026, Centro ranks #21 of 48 published neighborhoods by price per m² in apartments (#1 = most expensive). The median asking price is USD 151,993 for a typical surface of 53 m². Versus the previous month the price per m² moved -0.2%; since the series began (March 2026) it accumulates +4.4%. 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 +3.6% 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 3,026

P25–P75 (USD/m²)

2,308 – 3,575

Median price (USD)

USD 151,993

Median surface

53 m²

MoM change

-0.2%

Change since series start

+4.4%

Estimated gross yield

6.2% estimated

Estimated capital appreciation (INE + DGI)

+3.6%

Supply

High

What rental yield does an apartment in Centro produce?

An apartment in Centro yields an estimated 6.2% 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 →

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Monthly series — Apartments

* 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 Centro, Montevideo?

A house in Centro has a median asking price of USD 220,000 in September 2026 (USD 1,114/m², typical surface 208 m²), +6.1% versus the previous month.

In September 2026, Centro ranks #35 of 51 published neighborhoods by price per m² in houses (#1 = most expensive). Versus the previous month the price per m² moved +6.1%; since the series began (March 2026) it accumulates +5.4%. Published supply in the neighborhood is medium relative to the rest of the city; this does not measure completed sales. Estimated capital appreciation for the area is +3.6% 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 1,114

P25–P75 (USD/m²)

808 – 1,492

Median price (USD)

USD 220,000

Median surface

208 m²

MoM change

+6.1%

Change since series start

+5.4%

Estimated capital appreciation (INE + DGI)

+3.6%

Supply

Medium

Monthly series — Houses

* 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 Centro, Montevideo?

Land in Centro costs a median of USD 1,360 per m² in September 2026, 0.0% versus the previous month.

In September 2026, Centro ranks #5 of 15 published neighborhoods by price per m² in land (#1 = most expensive). The median asking price is USD 540,000 for a typical surface of 398 m². Versus the previous month the price per m² moved 0.0%; since the series began (March 2026) it accumulates 0.0%. 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 +3.6% 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 1,360

P25–P75 (USD/m²)

1,098 – 1,925

Median price (USD)

USD 540,000

Median surface

398 m²

MoM change

0.0%

Change since series start

0.0%

Estimated capital appreciation (INE + DGI)

+3.6%

Supply

High

Monthly series — Land

* 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 Centro, Montevideo?

The average rent in Centro was UYU 23,009 (USD 572) 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 +5.7% in pesos (+5.9% in dollars). The average comes from 1,531 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)

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 Centro, Montevideo?

Centro had 10,361 m² of new housing approved in 2025 (3 building permits), -76% versus 2024.

Centro ranks #18 of 54 Montevideo neighborhoods by approved housing m² in 2025. So far in 2026, 13,699 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

Source: City of Montevideo (Intendencia) — Approved building permits, National Open Data Catalog. Aggregation by neighborhood: Ingar.

See the permits map →

Comparable neighborhoods

• Bella Vista · USD 3,057/m²
• Tres Cruces · USD 3,010/m²
• Cordón · USD 3,228/m²
• Prado · USD 2,981/m²