Property for sale in Canelones

The Global.Properties website showcases an extensive compilation of over 1079 property listings available for purchase in Canelones, sourced from reputable real estate agencies and developers alike.

• Explore the offers of real estate in Uruguay effortlessly through the user-friendly search form and supplementary filters.
• Pinpoint your ideal property either via the interactive map or utilise quick links provided at the bottom of the page, offering pre-defined filter combinations like "by the sea" or "on the first line".

• Lowest property prices in Canelones: USD 318
• Highest cost of property in Canelones: USD 1 million

• The minimum floor area is m²
• The largest area is 844 m²

The most cost-effective method of securing a residence permit entails investing in property. To qualify for a golden visa, individuals are required to purchase properties in Canelones, Uruguay valued at or above USD 525,000, along with demonstrating a tangible presence within the country.

Property in Canelones

Canelones offers a compelling opportunity for property investment, characterised by its robust infrastructure and diverse real estate options. Situated just north of Montevideo, the city benefits from major highways and public transportation, making it accessible and convenient for both residents and investors. Various properties for sale in Canelones, including modern houses, penthouses and villas, cater to different preferences and needs. The local government has made significant investments in infrastructure projects, such as the expansion and resurfacing of Route No. 81, enhancing connectivity and accessibility within the department. Additionally, the area hosts the Parque de las Ciencias free trade zone, where Google is constructing a global data centre, further boosting the region's economic prospects.

The city offers a charming blend of urban convenience and natural beauty, making it an appealing place not only to invest but also to live. The region boasts a variety of educational institutions ranging from preschools to high schools, ensuring quality education for families. Additionally, for higher education, there are universities and technical institutes within reach, providing diverse academic opportunities.

In terms of healthcare, Canelones features modern medical facilities including hospitals, clinics and specialised care centres, ensuring residents have access to comprehensive healthcare services. For everyday needs, residents can find a plethora of shops ranging from supermarkets and grocery stores to boutiques and speciality shops.

When it comes to entertainment, residents can explore local parks, engage in outdoor activities like hiking or picnicking or enjoy cultural events and festivals that celebrate the region's rich heritage. Additionally, the proximity to Uruguay's capital, Montevideo, provides access to even more entertainment options including theatres, museums and bustling nightlife scenes.

Reasons for investing in property in Canelones

Properties in Canelones for investment are in high demand among foreign investors for several reasons:

• The city offers attractive rental yields, with the average gross rental yield in Uruguay standing at 6.54% as of Q2 2024. This makes it a lucrative option for buy-to-let investors seeking steady income streams;
• The real estate market in Uruguay, including Canelones, is projected to grow by 4.51% annually from 2024 to 2028, resulting in a market volume of approximately USD 295.30 billion by 2028. This growth indicates a robust and expanding market, providing ample opportunities for capital appreciation;
• Uruguay is renowned for its stable economic and political environment, providing a secure backdrop for real estate investments. The legal framework supports property ownership by non-residents, facilitating easier entry into the market for foreign investors;
• Canelones offers a high quality of life with its blend of urban and rural environments, featuring vineyards, beaches and cultural sites. This makes it an attractive location for both living and investing;
• The availability of off-plan real estate for sale in Canelones is increasing, offering investors opportunities to invest in new houses and apartments in Uruguay at lower prices before completion. This can lead to significant capital gains as the properties appreciate over time;
• While property prices in Uruguay have been rising, especially in prime locations, Canelones still offers relatively affordable investment options compared to other international destinations, especially if you're willing to explore areas slightly away from the coast.

Buying real estate in Canelones

Discover a comprehensive platform showcasing the latest listings of apartments and houses in Uruguay. Eliminating the need for searches across multiple sources, the website aggregates all pertinent information essential for your decision-making process. Updated regularly, our database exclusively features the most recent listings of investment real estate in Canelones and other locations, ensuring you access the latest opportunities available.

Effortlessly navigate through our user-friendly interface, equipped with advanced search filters allowing customisation based on housing type, location and budget preferences. Our integrated currency converter simplifies the task of assessing property prices across various currencies, facilitating seamless international transactions.

Once you've identified a suitable option, connect directly with the seller or agent via private messaging or phone communication.