Uruguay real estate market report — July 2026
Apartments in Uruguay stand at $3,266 per m² (sale) in July 2026.
Houses stand at $1,450 per m².
Monthly summary of the Uruguay real estate market by TuLugar, based on 3,593 active listings. Published months are never restated; the methodology is public.
Key takeaways
- The residential square meter stands at $2,740.
- Punta Carretas is the most expensive neighborhood in Montevideo: $4,135/m².
- A typical Airbnb earns $1,098 per month at 50% occupancy.
- Gross apartment rental yield is 5.7% a year — about 17 years of rent to repay the purchase.
Key figures
Each figure is computed per property type — we never blend apartments, houses and land into one average.
Montevideo: $/m² by neighborhood
Median price per m² (all listings for sale with a declared area) in July 2026. Neighborhoods with at least 30 residential listings; gray = insufficient sample.
| Neighborhood | $/m² | MoM | Residential listings |
|---|---|---|---|
| Punta Carretas | $4,135 | — | 74 |
| Carrasco | $3,958 | — | 52 |
| Buceo | $3,829 | — | 81 |
| Pocitos | $3,577 | — | 216 |
| Malvín | $3,254 | — | 67 |
| La Blanqueada | $3,194 | — | 30 |
| Prado Nueva Savona | $3,030 | — | 36 |
| Cordón | $2,928 | — | 109 |
| Centro | $2,836 | — | 191 |
| Tres Cruces | $2,753 | — | 61 |
| Parque Batlle Villa Dolores | $2,540 | — | 33 |
| Unión | $2,449 | — | 45 |
Short-term rentals (Airbnb)
Medians across entire homes active during the month. In small markets and seasonal destinations, large monthly swings usually reflect the change of season, not a trend.
In Montevideo, the largest market with 1,386 entire homes, the median rate was $50/night at 57% occupancy. The largest monthly rate swing was in Punta del Este (-11.1%).
Montevideo: Airbnb monthly revenue by neighborhood
Median monthly revenue per listing in July 2026. Each circle is a neighborhood with at least 10 listings; its size reflects how many.
| Neighborhood | Monthly revenue | Nightly rate | Occupancy | Listings |
|---|---|---|---|---|
| Carrasco | $1,760 | $110 | 53% | 29 |
| Punta Carretas | $1,218 | $69 | 52% | 133 |
| Centro | $1,026 | $57 | 57% | 190 |
| Ciudad Vieja | $1,025 | $52 | 65% | 40 |
| Pocitos | $955 | $50 | 55% | 432 |
| Parque Rodó | $833 | $42 | 53% | 52 |
By city
Cities with at least 50 entire homes analyzed in the month.
| City | Rate/night | Occupancy | Revenue/mo | Rate MoM | Listings |
|---|---|---|---|---|---|
| Montevideo | $50 | 57% | $943 | -20.6% | 1,386 |
| Punta del Este | $88 | 45% | $1,302 | -11.1% | 1,242 |
| Maldonado | $66 | 43% | $917 | — | 116 |
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Sources & methodology
Data: active listings published on TuLugar (asking prices, not closing prices), computed per property type, plus public short-term-rental data. Supply comes from the agencies and developers publishing on TuLugar. Immutable monthly series.
When citing this report, credit TuLugar as the source with a link to this page.
For media
Publication-ready graphics for this edition. Attribution: "Source: TuLugar" with a link to tulugar.com.