La Teja real estate data — Índice INGAR
La Teja: USD 1,222/m² median asking price for apartments in July 2026, estimated gross rental yield 7.7%.
Last updated: August 1, 2026.
How much does a square meter cost in La Teja, Montevideo?
An apartment in La Teja costs a median of USD 1,222 per m² in July 2026, -1.1% versus the previous month.
In July 2026, La Teja ranks #44 of 49 published neighborhoods by price per m² in apartments (#1 = most expensive). The median asking price is USD 57,000 for a typical surface of 55 m². Versus the previous month the price per m² moved -1.1%; since the series began (March 2026) it accumulates -7.6%. Supply in the neighborhood is low relative to the rest of the city, with 1.1 months of inventory at the current sales pace. 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 — July 2026
- Median USD/m² (USD/m²)
- USD 1,222
- P25–P75 (USD/m²)
- 949 – 1,386
- Median price (USD)
- USD 57,000
- Median surface
- 55 m²
- MoM change
- -1.1%
- Change since series start
- -7.6%
- Median rent (USD/mo)
- USD 469
- Estimated gross yield
- 7.7% estimated
- Estimated net yield
- 5.0% estimated
- Months of supply
- 1.1
- Absorption rate
- 90.6%
- Estimated capital appreciation (INE + DGI)
- +3.6%
- Supply
- Low
What rental yield does an apartment in La Teja produce?
An apartment in La Teja yields an estimated 7.7% gross per year in July 2026 (5.0% estimated net), with a median rent of USD 469 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
| Month | Median USD/m² | P25 | P75 | MoM change | Estimated gross yield* | Supply |
|---|---|---|---|---|---|---|
| Mar 2026 | USD 1,320 | 996 | 1,467 | — | 8.1% | Low |
| Apr 2026 | USD 1,222 | 967 | 1,431 | -7.4% | 7.9% | Low |
| May 2026 | USD 1,279 | 967 | 1,397 | +4.7% | 8.2% | Low |
| Jun 2026 | USD 1,222 | 948 | 1,386 | -4.5% | 8.6% | Low |
| Jul 2026 | USD 1,222 | 949 | 1,386 | -1.1% | 7.7% | Low |
* 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 La Teja, Montevideo?
A house in La Teja has a median asking price of USD 95,000 in July 2026 (USD 827/m², typical surface 120 m²), -1.6% versus the previous month.
In July 2026, La Teja ranks #48 of 55 published neighborhoods by price per m² in houses (#1 = most expensive). Versus the previous month the price per m² moved -1.6%; since the series began (March 2026) it accumulates -3.7%. Supply in the neighborhood is medium relative to the rest of the city, with 2.0 months of inventory at the current sales pace. 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 — July 2026
- Median USD/m² (USD/m²)
- USD 827
- P25–P75 (USD/m²)
- 512 – 1,126
- Median price (USD)
- USD 95,000
- Median surface
- 120 m²
- MoM change
- -1.6%
- Change since series start
- -3.7%
- Median rent (USD/mo)
- USD 603
- Estimated gross yield
- 13.7% estimated
- Estimated net yield
- 8.9% estimated
- Months of supply
- 2.0
- Absorption rate
- 50.0%
- Estimated capital appreciation (INE + DGI)
- +3.6%
- Supply
- Medium
Monthly series — Houses
| Month | Median USD/m² | P25 | P75 | MoM change | Estimated gross yield* | Supply |
|---|---|---|---|---|---|---|
| Mar 2026 | USD 859 | 543 | 1,143 | — | 12.0% | Medium |
| Apr 2026 | USD 836 | 469 | 1,100 | -2.7% | 12.7% | Medium |
| May 2026 | USD 825 | 469 | 1,091 | -1.3% | 12.9% | Medium |
| Jun 2026 | USD 825 | 502 | 1,091 | 0.0% | 13.0% | Medium |
| Jul 2026 | USD 827 | 512 | 1,126 | -1.6% | 13.7% | Medium |
* 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 La Teja, Montevideo?
The average rent in La Teja was UYU 19,059 (USD 476) 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 +7.9% in pesos (+12.4% in dollars). The average comes from 424 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) |
|---|---|---|---|
| May 2025 | $ 17,660 | USD 424 | 349 |
| Jun 2025 | $ 17,783 | USD 435 | 333 |
| Jul 2025 | $ 17,794 | USD 442 | 346 |
| Aug 2025 | $ 17,764 | USD 444 | 332 |
| Sep 2025 | $ 18,065 | USD 452 | 428 |
| Oct 2025 | $ 18,067 | USD 453 | 432 |
| Nov 2025 | $ 18,119 | USD 456 | 426 |
| Dec 2025 | $ 18,348 | USD 469 | 427 |
| Jan 2026 | $ 18,455 | USD 480 | 428 |
| Feb 2026 | $ 18,648 | USD 484 | 428 |
| Mar 2026 | $ 18,784 | USD 467 | 422 |
| Apr 2026 | $ 18,837 | USD 471 | 407 |
| May 2026 | $ 19,059 | USD 476 | 424 |
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 La Teja, Montevideo?
La Teja had 1,608 m² of new housing approved in 2025 (1 building permits), +295% versus 2024.
La Teja ranks #42 of 54 Montevideo neighborhoods by approved housing m² in 2025. So far in 2026, 28 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 | 2 | 228 |
| 2022 | 1 | 40 |
| 2023 | 1 | 521 |
| 2024 | 3 | 407 |
| 2025 | 1 | 1,608 |
| 2026 (partial) | 1 | 28 |
Source: City of Montevideo (Intendencia) — Approved building permits, National Open Data Catalog. Aggregation by neighborhood: Ingar.
Comparable neighborhoods
- See the full INGAR Index
- Methodology (v1.3)
- 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