Montevideo — USD 200.000
Updated
USD 200,000 in Montevideo buys a resale two-bedroom apartment in a mid-tier neighbourhood. It is not LATAM's highest-return bet; it is the lowest-risk, most predictable one.
Per the Índice Ingar (our own data, grade A)
Mid-zone price
2,623 USD/m²A
Net yield
3.73 %A
Our own Índice Ingar figure (grade A), finer than the comparable asking-price number. Shown only on this fact-sheet; the cross-city head-to-head uses the asking-price figure (grade B) so the comparison stays apples-to-apples.
Total cash needed
Price per m², mid-tier area
Net yield (USD)
Base-case 5y IRR (USD)
Exit (days / cost)
3 scores
medio
Return
muy bajo
Risk (safety)
bajo
Friction
Buy → rent → exit
| Buy (property) | 185,000USDA[1]71 m2 a ~2.623/m2 (vivo) |
| Annual gross rent | grade A5.75% brutoA[2] |
| Net rent (yield) | 3.73% netoA[2]official source; your net figure depends on your own situation (see tax disclaimer) |
| Exit (5-year appreciation) | +10% USDC[2]conservative assumption, grade C |
FAQ
What does USD 200,000 buy in Montevideo?
About 72 m² at ~2789 USD/m² (offer price, grade B).
What taxes does a foreign investor pay in Montevideo?
On rental income, IRNR with a final 10.5% withholding on gross (or 12% on net). Net Wealth Tax for individuals: a general rate of 0.10% on taxable wealth (cadastral value, well below market) above the non-taxable minimum (~USD 155,000–170,000); the higher 0.70%–1.50% scale applies only to a non-resident who does NOT pay IRNR — meaning an investor who rents out and pays IRNR stays at 0.10%. On sale, 12% IRNR on the real gain.
Can a foreigner buy with no restrictions or residency?
Yes. Uruguay places no restrictions on purchases by foreigners: the same rights as a local, full freehold ownership, with no residency or local company required. The purchase can be done remotely.
How is capital repatriated on sale?
Freely and in US dollars. Uruguay has no currency controls, no exchange-rate gap, no prior investment-registration requirement, and no exit withholding. 100% of the sale proceeds can be wired abroad.
Sources
- [1] Índice Ingar — monthly Montevideo real-estate index (price per m²) · 2026-07-14T00:00:00 A
- [2] Índice Ingar — net-yield methodology (breakdown of deductions) · 2026-07-14 A
- [3] DGI (Uruguay's tax authority) — IRNR (Decree 149/007) + personal net-wealth tax (IP PF 2025 guidance / Decree 334/025) + ITP · 2026-07-17 A
- [4] Transparency International — Corruption Perceptions Index (country layer) · 2026-07-12 A
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