Villa Española real estate data — Índice INGAR

How much does a square meter cost in Villa Española, Montevideo?

An apartment in Villa Española costs a median of USD 1,437 per m² in July 2026, -1.2% versus the previous month.

In July 2026, Villa Española ranks #40 of 49 published neighborhoods by price per m² in apartments (#1 = most expensive). The median asking price is USD 89,000 for a typical surface of 58 m². Versus the previous month the price per m² moved -1.2%; since the series began (March 2026) it accumulates +3.5%. Supply in the neighborhood is medium relative to the rest of the city, with 1.8 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.5% 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 1,437

P25–P75 (USD/m²)

1,179 – 1,693

Median price (USD)

USD 89,000

Median surface

58 m²

MoM change

-1.2%

Change since series start

+3.5%

Median rent (USD/mo)

USD 516

Estimated gross yield

6.6% estimated

Estimated net yield

4.3% estimated

Months of supply

1.8

Absorption rate

54.9%

Estimated capital appreciation (INE + DGI)

+3.5%

Supply

Medium

What rental yield does an apartment in Villa Española produce?

An apartment in Villa Española yields an estimated 6.6% gross per year in July 2026 (4.3% estimated net), with a median rent of USD 516 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 Villa Española, Montevideo?

A house in Villa Española has a median asking price of USD 108,500 in July 2026 (USD 834/m², typical surface 125 m²), -7.3% versus the previous month.

In July 2026, Villa Española ranks #47 of 55 published neighborhoods by price per m² in houses (#1 = most expensive). Versus the previous month the price per m² moved -7.3%; since the series began (March 2026) it accumulates -1.3%. Supply in the neighborhood is medium relative to the rest of the city, with 2.6 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.5% 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 834

P25–P75 (USD/m²)

578 – 1,250

Median price (USD)

USD 108,500

Median surface

125 m²

MoM change

-7.3%

Change since series start

-1.3%

Median rent (USD/mo)

USD 752

Estimated gross yield

12.5% estimated

Estimated net yield

8.1% estimated

Months of supply

2.6

Absorption rate

38.3%

Estimated capital appreciation (INE + DGI)

+3.5%

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 is rent in Villa Española, Montevideo?

The average rent in Villa Española was UYU 18,199 (USD 455) in April 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 +6.4% in pesos (+12.5% in dollars). The average comes from 435 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 Villa Española, Montevideo?

Villa Española had 2,184 m² of new housing approved in 2025 (2 building permits).

Villa Española ranks #39 of 54 Montevideo neighborhoods by approved housing m² in 2025. 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

• Belvedere · USD 1,449/m²
• Sayago · USD 1,369/m²
• Aires Puros · USD 1,308/m²
• Paso Molino · USD 1,667/m²