Montevideo — USD 200.000

Data as reported by sources

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.

INGAR — mid-tier area indicators

Mid-zone price

2,623 USD/m²A

Net yield

3.73 %A

Indicators specific to this fact-sheet, not the monthly index's city aggregate. Cross-city comparisons use the ICHS population. Grades are as reported by the source; they do not certify transaction prices. Net yield depends on operating assumptions.

Total cash needed

USD 200.000A[1]

Price per m², mid-tier area

grade A, n=28832,623USD/m2A[1]

Net yield (USD)

3.73%A[2]INGAR estimate; net yield depends on operating assumptions (see tax disclaimer)

Base-case 5y IRR (USD)

2,5-3,5%C[2]illustrative, grade C

Exit (days / cost)

~90 dias / 4-5,5%A/C[3]

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 rentgrade A5.75% brutoA[2]
Net rent (yield)3.73% netoA[2]INGAR estimate; net yield depends on operating assumptions (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.

Ingar R.E.A.L. Score · R·E·A·LSee the full Ingar R.E.A.L. Score →

Sources

  1. [1] Monthly INGAR Index — market context; does not reproduce the mid-tier area aggregate · 2026-07-14T00:00:00 A
  2. [2] Índice Ingar — net-yield methodology (breakdown of deductions) · 2026-07-14 A
  3. [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. [4] Transparency International — Corruption Perceptions Index (country layer) · 2026-07-12 A

Ready to invest in Uruguay?

Book a call with an INGAR advisor and we'll map your exact numbers, no surprises.

Book a call