Ciudad Vieja real estate data — Índice INGAR

How much does a square meter cost in Ciudad Vieja, Montevideo?

An apartment in Ciudad Vieja costs a median of USD 2,152 per m² in July 2026, -0.2% versus the previous month.

In July 2026, Ciudad Vieja ranks #29 of 49 published neighborhoods by price per m² in apartments (#1 = most expensive). The median asking price is USD 129,000 for a typical surface of 60 m². Versus the previous month the price per m² moved -0.2%; since the series began (March 2026) it accumulates +2.9%. Supply in the neighborhood is medium relative to the rest of the city, with 1.7 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.4% 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 — July 2026

Median USD/m² (USD/m²)

USD 2,152

P25–P75 (USD/m²)

1,753 – 2,550

Median price (USD)

USD 129,000

Median surface

60 m²

MoM change

-0.2%

Change since series start

+2.9%

Median rent (USD/mo)

USD 653

Estimated gross yield

6.9% estimated

Estimated net yield

4.5% estimated

Months of supply

1.7

Absorption rate

60.5%

Estimated capital appreciation (INE + DGI)

+3.4%

Supply

Medium

What rental yield does an apartment in Ciudad Vieja produce?

An apartment in Ciudad Vieja yields an estimated 6.9% gross per year in July 2026 (4.5% estimated net), with a median rent of USD 653 per month. These are estimates over asking prices, not guaranteed returns.

How the net yield is estimated (total deduction of 35.16%) →

Monthly series — Apartments

* Yields 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 Ciudad Vieja, Montevideo?

A house in Ciudad Vieja has a median asking price of USD 290,000 in July 2026 (USD 751/m², typical surface 400 m²), -3.1% versus the previous month.

In July 2026, Ciudad Vieja ranks #53 of 55 published neighborhoods by price per m² in houses (#1 = most expensive). Versus the previous month the price per m² moved -3.1%; since the series began (March 2026) it accumulates 0.0%. Supply in the neighborhood is medium relative to the rest of the city, with 4.0 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.4% 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 — July 2026

Median USD/m² (USD/m²)

USD 751

P25–P75 (USD/m²)

594 – 1,013

Median price (USD)

USD 290,000

Median surface

400 m²

MoM change

-3.1%

Change since series start

0.0%

Median rent (USD/mo)

USD 1,057

Estimated gross yield

10.7% estimated

Estimated net yield

7.0% estimated

Months of supply

4.0

Absorption rate

25.2%

Estimated capital appreciation (INE + DGI)

+3.4%

Supply

Medium

Monthly series — Houses

* Yields 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 Ciudad Vieja, Montevideo?

Land in Ciudad Vieja costs a median of USD 863 per m² in July 2026, 0.0% versus the previous month.

In July 2026, Ciudad Vieja ranks #11 of 17 published neighborhoods by price per m² in land (#1 = most expensive). The median asking price is USD 440,000 for a typical surface of 467 m². Versus the previous month the price per m² moved 0.0%; since the series began (March 2026) it accumulates +2.5%. Supply in the neighborhood is medium relative to the rest of the city, with 4.3 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.4% 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 — July 2026

Median USD/m² (USD/m²)

USD 863

P25–P75 (USD/m²)

749 – 1,174

Median price (USD)

USD 440,000

Median surface

467 m²

MoM change

0.0%

Change since series start

+2.5%

Months of supply

4.3

Absorption rate

23.2%

Estimated capital appreciation (INE + DGI)

+3.4%

Supply

Medium

Monthly series — Land

* Yields 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 Ciudad Vieja, Montevideo?

The average rent in Ciudad Vieja was UYU 22,380 (USD 559) in May 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 +13.0% in pesos (+17.7% in dollars). The average comes from 779 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 Ciudad Vieja, Montevideo?

Ciudad Vieja had 8,192 m² of new housing approved in 2025 (10 building permits), -34% versus 2024.

Ciudad Vieja ranks #24 of 54 Montevideo neighborhoods by approved housing m² in 2025. So far in 2026, 2,305 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

• Goes · USD 2,115/m²
• La Comercial · USD 2,267/m²
• Jacinto Vera · USD 2,365/m²
• Brazo Oriental · USD 2,095/m²