Montevideo Real Estate Prices Rise After Two Years Of Declines

[soliloquy id=”20903″] A new survey of average real estate prices in Montevideo reveals prices rose 4.6% in the second half of 2014 marking a much anticipated reversal of two straight years of average price declines. According to the data, compiled by El Observador from a database of 20,000 condominiums throughout the capital city, the average price of a 700 square …

New Report Sheds Light On Montevideo Real Estate Prices

The average price of Montevideo residential properties for sale rose 9% last year while properties for rent climbed 7%, according to a new report from a local consulting firm, Valora. The report says the average price per square foot for Montevideo condominiums is US$190 with prices as low as $111 per square foot in barrios like Goes, La Comercial and …

Commercial Real Estate In Montevideo’s Ciudad Vieja

One week after we touted the new wave of commercial investment in Montevideo’s Ciudad Vieja, a new article surfaces explaining why half of all Montevideo companies still prefer the Old Town. “This neighborhood has all of the government offices, the headquarters for the country’s major banks, the major law firms, accounting firms, the Port and all Customs-related businesses. This makes …

Commercial Investors Seize Bargains In Montevideo’s Ciudad Vieja

It’s the Montevideo neighborhood with the highest concentration of turn-of-the-century historic properties, and (fortunately for admirers of such properties) it’s also one of the most affordable barrios in the Uruguay capital city. The Ciudad Vieja or Old Town is a roughly one-hundred block area at the westernmost tip of Montevideo. The barrio is bordered on the north by the Port …

How Much Does Real Estate Cost in Montevideo, Uruguay?

Average Montevideo real estate prices have risen 79.8% since 2005 with some neighborhoods posting triple-digit gains, according to a new analysis in El Observador. The five-year study of average real estate prices from 2005-2010 focused on 15 Montevideo barrios ranging from Cerro and Prado on the low-end to Pocitos and Punta Carretas on the high-end. While the 79.8% figure applies …