CITY HOMES
Fernández Crespo y Uruguay, Cordón, Montevideo, Uruguay
Under construction · Vivienda Promovida · Delivery Nov 2027
The project
Located at Fernández Crespo and Uruguay, in the heart of Cordón, City Homes is surrounded by institutional, educational, retail, and service infrastructure in one of Montevideo's most sought-after real estate areas.
Located at Fernández Crespo and Uruguay, in the heart of Cordón, City Homes is surrounded by institutional, educational, retail, and service infrastructure in one of Montevideo's most sought-after real estate areas. It comprises 158 studio, one- and two-bedroom apartments, all with terraces; parking for 86 vehicles with a control booth; a large ground-floor commercial space; laundry room; gym; and two rooftop barbecue areas. The development qualifies for the tax benefits provided under Uruguay's Promoted Housing Law.
- Units
- 148
Amenities
SPORTS
- Gym
GATHERING
- Multipurpose room
SERVICES
- Pets allowed
- Laundry room
- Optional parking space
- Assigned parking space
- Elevator
- Running water
- Electricity
- Drinking water
SECURITY
- Fire detector
- Guarda de seguridad
FEATURES
- Aluminium joinery
- Doble Acristalamiento
- Modern style
- Air conditioning pre-installation
- Blinds
- Aluminium windows
- Double-glazed windows
- Bright
- Forced-air heating
OTHER
- Techo de losa
- Condominium
- Paved streets
- Street lighting
- Storm drainage network
- Underground electrical wiring
Vivienda Promovida
No transfer tax on the first purchase
The first sale of a home under the regime is exempt from the property transfer tax (ITP) for the buyer, provided it happens within the deadlines set by the law.
Rental income exempt from income tax
Income from renting the home is exempt from personal income tax (IRPF, or corporate IRAE depending on the taxpayer) for ten years.
Net wealth tax exemption
The property is exempt from the net wealth tax for the term set by the regime.
The benefits come from Uruguay’s Law 18,795 and its regulations, and conditions apply: they depend on the project, on how long ago construction was completed and on each buyer’s situation. Confirm them with your notary before signing.
Payment terms
- Payment terms
- Forma de pago:25% al compromiso60% en 6 trimestres de 10% cada uno15% a la ocupaciónGastos de ocupación 4%
FAQ
Where is CITY HOMES located?
CITY HOMES is located at Fernández Crespo y Uruguay, Cordón, Montevideo, Uruguay.
Does CITY HOMES qualify for Vivienda Promovida tax benefits?
Yes. CITY HOMES is under Uruguay's Vivienda Promovida regime (Law 18,795): the first purchase is exempt from the property transfer tax (ITP) and rental income is exempt from personal income tax (IRPF). The regime's conditions apply.
When is CITY HOMES delivered?
CITY HOMES is scheduled for delivery in November 2027, according to the developer. Construction dates can shift.
Does CITY HOMES offer financing?
The published payment terms for CITY HOMES are: Forma de pago:25% al compromiso60% en 6 trimestres de 10% cada uno15% a la ocupaciónGastos de ocupación 4%.
What amenities does CITY HOMES have?
CITY HOMES lists the following services and amenities: gym, multipurpose room, pets allowed, aluminium joinery, doble acristalamiento, fire detector, modern style, air conditioning pre-installation, guarda de seguridad, blinds, aluminium windows, double-glazed windows, bright, laundry room, forced-air heating, optional parking space, assigned parking space, elevator, techo de losa, condominium, running water, electricity, paved streets, drinking water, street lighting, storm drainage network and underground electrical wiring.
Photos
Other developments in Cordón
Prices, areas and availability are indicative and subject to change without notice. Images and floor plans are illustrative and may differ from the finished building. This information is not an offer, a sale commitment, or financial or tax advice.