RU
DE
FR
ES
PT
AR
Global.Properties offers an extensive catalogue with over 1,000 ads of apartments for sale in residential complexes in Uruguay at the developer's price and several tools that simplify the selection process:
- an advanced search system with dozens of filters that allow you to pick up properties by type, price, area, number of rooms, location, etc.;
- sorting results by name, popular new apartments in Uruguay, higher and lower prices;
- sitelinks that display the most frequent requests to buy an apartment in Uruguay in a residential complex from other users;
- an interactive map to get acquainted with the location of an overseas property;
- a converter to discover prices in dollars, euros and national currency.
- The lowest value of apartments in new buildings for sale in Uruguay is $82,000.
- The highest price is $5.9 million.
Purchasing flats or villas in Montevideo or any other part of the Republic may be the basis for getting a residence permit. An investor visa is granted to foreigners who have invested $525,000 in real estate or $2.5 million in an enterprise with 15 Uruguayans. After receiving the document, they must apply for permanent residence. Candidates will be granted a residence permit after about 3 months of review.
Residents must stay in the country for at least 60 days yearly to extend their status. An investor can obtain a passport in 5 years if their spouse is also included in the visa application. The time frame is shortened to 3 years.
The country’s immigration laws also include a special visa available to retirees earning at least $1,500 monthly. To take part in the programme, they must buy a property in Montevideo valued at a minimum of $100,000.
Apartments in residential complexes in Uruguay
The process of buying flats in new projects in Uruguay for investment and living is made up of the following stages:
- Making an offer. As soon as the buyer finds an overseas property that meets their needs, they must make an offer to the seller. Negotiations can continue until both parties reach a consensus.
- Making a deposit. After reaching a preliminary agreement, the buyer provides a down payment to signify their commitment to buying and securing a home during the verification process.
- Due Diligence. Before signing a contract, it is crucial to examine the home thoroughly. At this point, buyers are recommended to enlist the help of experts, including lawyers and inspectors, to evaluate the property's condition and review all paperwork.
- Signing a sales agreement. If the buyer is satisfied with the result of the due diligence, the parties sign a sales contract, which sets out the transaction terms.
- Closing the deal. Both parties meet with their lawyers on the final day to sign transfer certificates and complete the payment.
- Registering an overseas property. The transfer of ownership is registered in the state register.
Investments in apartments by developers in Uruguay
Why do investors decide to buy apartments in a new building in Uruguay:
- A transparent political system. Uruguay is a democratic republic with executive, legislative, and judicial branches of government and one of the most stable countries on the continent. The level of corruption in its government is one of the lowest in Latin America. Local governments encourage international and domestic investments in apartments by a developer in Uruguay, trade, and tourism.
- A sustainable economy. Among all Latin American countries, only the Republic managed to avoid a global recession in 2008 and 2009 thanks to fiscal and adaptive policies. The local economy is characterised by an export-oriented agricultural industry, an educated workforce, a developing industry, a thriving tourism industry and a fast-growing software sector.
- A stable market. The demand for housing in the country is steadily increasing, which leads to an increase in prices and rental prices. Between April and June 2024, the cost per square metre increased by an average of 13.33%, while rent increased by 4.91%. This offers investors in apartments in Montevideo and other sought-after areas a consistent and lucrative income. There is also a growing number of transactions. During the first 7 months of 2024, the country experienced a 3.9% increase in property sales compared to last year, with a total of 27,173 properties sold.
- A simple transaction process. Foreigners can purchase and own apartments for sale in new development projects in Uruguay on the same rights as Uruguayans. To conclude a deal, they do not need to pre-issue a special permit or receive approval from the government. In addition, foreign investors can make payments in US dollars, which helps them save on currency exchange fees.
- Developed infrastructure. The Republic has one of the highest-quality road systems in Latin America and good public services in most developed areas (including cable TV and Internet). Due to new infrastructure projects, apartment prices from developers are increasing, leading to capital gains for owners.
Buy an apartment in Uruguay in a residential complex
Our aggregator is updated daily with new apartments for sale in Uruguay in residential complexes, such as Montevideo, Punta del Este, Maldonado and other popular cities of the Republic. To conclude a sales transaction, contact the developer or agency directly by phone or private message. The seller's contact details are indicated in each ad for buying flats for sale in residential complexes in Uruguay.