Apartments for sale in Montevideo

Montevideo attracts investors from all over the world due to its stable market, affordable prices, and proximity to the Atlantic Ocean coastline. It can be described as a semi-resort city since it combines business activity with opportunities for beach leisure. Here, you can find both apartments in new buildings and resale properties at attractive prices. Below, we’ll explore where to search for housing and how to buy an apartment in Montevideo affordably.

Why Should You Buy an Apartment in Montevideo?

Montevideo, the capital and largest city of Uruguay, is situated on the Atlantic Ocean coastline. The city is renowned for its high standard of living, safety, and favorable investment conditions. Foreigners, including citizens of Russia and other CIS countries, choose Montevideo for permanent residence or as a destination for profitable real estate investments. This trend has been especially noticeable over the past three years.

A key reason to buy an apartment in Montevideo is its proximity to the sea. A large number of listings focus on properties along the ocean. Typically, these are prestigious areas with liquid real estate. However, properties in other parts of Montevideo can also be considered, offering price advantages and unique neighborhood infrastructures.

Montevideo Districts: Where to Buy an Apartment?

When choosing a district to buy an apartment in Montevideo, it is important to consider not only proximity to the sea but also infrastructure, transportation accessibility, safety levels, and property prices.

• Pocitos – A prestigious district with ocean views, new buildings, and upscale resale properties, popular among expats from Russia.
• Centro – The central part of the city with historic buildings and affordable housing.
• Carrasco – A green district with private homes, popular among foreign buyers.
• Malvín and Buceo – Coastal districts ideal for families with children.
• Punta Carretas – A prestigious district with residential complexes and luxury apartments, also favored by Russians.

Resale Property or New Construction: What to Choose?

• New Constructions – Modern apartments offering a higher level of comfort than older properties. Purchases can be made through developers or intermediaries.
• Resale Properties – Affordable prices and attractive offers from property owners or real estate agencies.

Apartment Prices in Montevideo

Apartment prices in Montevideo depend on the district, type of property, and other factors. For example, apartments with ocean views in Pocitos and Carrasco are more expensive, while housing in more remote districts is cheaper. The average cost of new constructions is about $2,500–$3,500 per square meter, while resale properties range from $1,500 to $2,500 per square meter.

How to Choose an Apartment in Montevideo?

Key factors to consider when choosing an apartment:

• Location – Housing by the sea or in prestigious districts.
• Infrastructure – Proximity to schools, supermarkets, hospitals, etc.
• Price – Varies depending on the district and property condition.
• Year of Construction – Newer properties require less maintenance.
• Developer Offers – Favorable purchase terms and installment plans.

How to Find an Apartment: Broker or Owner?

When searching for an apartment, you can contact a broker, find listings from owners, or explore developer catalogs. Real estate agencies save time and offer verified properties, while buying directly from an owner can save on commissions, though risks may arise if you're unfamiliar with local market specifics. Don't forget the possibility of negotiating the price. For resale properties, prices can drop by up to 15%. By understanding these local market nuances, we not only simplify the buying process but also save our clients' money. Contact our agency!