Malvín real estate data — Índice INGAR
Malvín: USD 3,369/m² median asking price for apartments in July 2026, estimated gross rental yield 5.3%.
Last updated: August 1, 2026.
How much does a square meter cost in Malvín, Montevideo?
An apartment in Malvín costs a median of USD 3,369 per m² in July 2026, -0.4% versus the previous month.
In July 2026, Malvín ranks #10 of 49 published neighborhoods by price per m² in apartments (#1 = most expensive). The median asking price is USD 200,956 for a typical surface of 61 m². Versus the previous month the price per m² moved -0.4%; since the series began (March 2026) it accumulates -2.3%. Supply in the neighborhood is high relative to the rest of the city, with 1.6 months of inventory at the current sales pace. Estimated capital appreciation for the area is +4.0% 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 3,369
- P25–P75 (USD/m²)
- 2,818 – 3,906
- Median price (USD)
- USD 200,956
- Median surface
- 61 m²
- MoM change
- -0.4%
- Change since series start
- -2.3%
- Median rent (USD/mo)
- USD 840
- Estimated gross yield
- 5.3% estimated
- Estimated net yield
- 3.4% estimated
- Months of supply
- 1.6
- Absorption rate
- 60.7%
- Estimated capital appreciation (INE + DGI)
- +4.0%
- Supply
- High
What rental yield does an apartment in Malvín produce?
An apartment in Malvín yields an estimated 5.3% gross per year in July 2026 (3.4% estimated net), with a median rent of USD 840 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 3,441 | 2,923 | 4,014 | — | 5.2% | High |
| Apr 2026 | USD 3,452 | 2,898 | 4,042 | +0.3% | 5.3% | High |
| May 2026 | USD 3,400 | 2,838 | 3,967 | -1.5% | 5.3% | High |
| Jun 2026 | USD 3,388 | 2,851 | 3,934 | -0.4% | 5.3% | High |
| Jul 2026 | USD 3,369 | 2,818 | 3,906 | -0.4% | 5.3% | High |
* 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 Malvín, Montevideo?
A house in Malvín has a median asking price of USD 365,000 in July 2026 (USD 1,989/m², typical surface 196 m²), -2.6% versus the previous month.
In July 2026, Malvín ranks #9 of 55 published neighborhoods by price per m² in houses (#1 = most expensive). Versus the previous month the price per m² moved -2.6%; since the series began (March 2026) it accumulates -2.5%. Supply in the neighborhood is high 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 +4.0% 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 1,989
- P25–P75 (USD/m²)
- 1,367 – 2,534
- Median price (USD)
- USD 365,000
- Median surface
- 196 m²
- MoM change
- -2.6%
- Change since series start
- -2.5%
- Median rent (USD/mo)
- USD 1,392
- Estimated gross yield
- 6.1% estimated
- Estimated net yield
- 3.9% estimated
- Months of supply
- 1.7
- Absorption rate
- 59.2%
- Estimated capital appreciation (INE + DGI)
- +4.0%
- Supply
- High
Monthly series — Houses
| Month | Median USD/m² | P25 | P75 | MoM change | Estimated gross yield* | Supply |
|---|---|---|---|---|---|---|
| Mar 2026 | USD 2,029 | 1,492 | 2,588 | — | 5.8% | High |
| Apr 2026 | USD 2,008 | 1,400 | 2,588 | -1.0% | 5.4% | High |
| May 2026 | USD 1,996 | 1,377 | 2,530 | -0.6% | 5.5% | High |
| Jun 2026 | USD 2,042 | 1,402 | 2,531 | +2.3% | 5.4% | High |
| Jul 2026 | USD 1,989 | 1,367 | 2,534 | -2.6% | 6.1% | High |
* 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 Malvín, Montevideo?
Not enough data to publish land figures for Malvín this month; latest available data: June 2026.
Monthly series — Land
| Month | Median USD/m² | P25 | P75 | MoM change | Estimated gross yield* | Supply |
|---|---|---|---|---|---|---|
| Mar 2026 | USD 865 | 597 | 1,524 | — | — | High |
| Apr 2026 | USD 979 | 658 | 1,562 | +13.2% | — | High |
| May 2026 | USD 943 | 658 | 1,562 | -3.7% | — | High |
| Jun 2026 | USD 893 | 662 | 1,495 | -5.3% | — | High |
| Jul 2026 | Insufficient data this month | |||||
* 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 Malvín, Montevideo?
The average rent in Malvín was UYU 31,918 (USD 798) 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 +11.2% in pesos (+15.9% in dollars). The average comes from 847 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 | $ 28,701 | USD 689 | 377 |
| Jun 2025 | $ 29,152 | USD 714 | 361 |
| Jul 2025 | $ 29,007 | USD 721 | 359 |
| Aug 2025 | $ 29,350 | USD 733 | 347 |
| Sep 2025 | $ 30,768 | USD 770 | 1,051 |
| Oct 2025 | $ 30,943 | USD 775 | 982 |
| Nov 2025 | $ 31,218 | USD 786 | 984 |
| Dec 2025 | $ 31,421 | USD 803 | 970 |
| Jan 2026 | $ 31,972 | USD 832 | 979 |
| Feb 2026 | $ 31,690 | USD 822 | 899 |
| Mar 2026 | $ 31,909 | USD 793 | 869 |
| Apr 2026 | $ 31,976 | USD 799 | 829 |
| May 2026 | $ 31,918 | USD 798 | 847 |
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 Malvín, Montevideo?
Malvín had 35,109 m² of new housing approved in 2025 (28 building permits), +114% versus 2024.
Malvín ranks #5 of 54 Montevideo neighborhoods by approved housing m² in 2025. So far in 2026, 9,175 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 | 30 | 17,653 |
| 2022 | 40 | 12,992 |
| 2023 | 21 | 9,861 |
| 2024 | 26 | 16,404 |
| 2025 | 28 | 35,109 |
| 2026 (partial) | 13 | 9,175 |
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