Welcome to Uruguay! If you’re considering a move to this beautiful South American gem, understanding the local housing market is a crucial first step in your relocation journey. At LivinginUruguay.com, we specialize in helping English-speakers like you settle smoothly into your new life here. That’s why we’ve delved into the comprehensive “Radiografía 2024” report from InfoCasas, a leading Uruguayan property portal, to bring you a clear summary of what the Uruguay housing market for expats 2024 looked like. This information will help you understand your options, anticipate costs, and identify areas that might be perfect for your new home.
Think of this as your foundational guide to finding your footing in Uruguay’s property landscape, brought to you by your partners at LivinginUruguay.com.
The Uruguay Housing Market for Expats 2024: Key Numbers from the InfoCasas Report
To give you a snapshot, the “Radiografía 2024” report by InfoCasas revealed significant online engagement with Uruguayan property:
- The InfoCasas portal saw an impressive 12,472,575 visits during 2024.
- It attracted 589,732 active monthly users, a 5.1% rise from 2023.
- Over 1,961,766 inquiries were made, showing robust interest.
- There were 204,397 unique properties listed, indicating a varied inventory in the Uruguay housing market for expats 2024.
For those relocating, these numbers suggest an active and accessible market. The InfoCasas report indicated demand was split (45% rental, 41% sales, 14% temporary rentals). While most searches (81%) originated within Uruguay, a notable 11% came from Argentina, with interest also from Chile and the USA. At LivinginUruguay.com, we’re here to help you navigate this active market, regardless of where you’re starting your journey from. [Learn more about LivinginUruguay.com's home-finding assistance]
Buying a Home in Uruguay: Insights for Expats from the 2024 Market Data
Popular Locations for Your New Home: InfoCasas data confirms Montevideo as the primary hub for property sales, accounting for 62% of demand in the Uruguay housing market for expats 2024. This makes the capital a key area to consider for your relocation.
However, the departments of Maldonado (19% demand, home to Punta del Este) and Canelones (16% demand) are also very popular and offer different lifestyle choices. Maldonado is renowned for its coastal appeal, becoming a year-round destination, while Canelones offers a blend of quieter living with easy city access. As you plan your move, LivinginUruguay.com can provide detailed information on these areas to help you find the perfect fit.
What Types of Properties and Price Ranges Were Common in the 2024 Housing Market?
- According to InfoCasas, 53% of buyer interest in the Uruguay housing market for expats 2024 was for properties up to USD $150,000.
- Another 38% looked at properties in the USD $150,001 to $300,000 range.
- Apartments were the preferred property type (72% as per the report), with studios and one-bedroom units being particularly popular. This is useful information as you budget and plan for your purchase.
Trending Areas for Relocators in 2024: The InfoCasas report highlighted areas like Carrasco Norte, Mansa in Punta del Este, Carrasco Este, and Ciudad de la Costa as experiencing significant growth. These could be exciting areas to explore for your new home in the Uruguay housing market for expats 2024.
Average Price Per Square Meter (USD) in Key Montevideo Neighborhoods (Source: InfoCasas 2024 Report):
- Zona Golf (Punta Carretas): $4,220
- Carrasco Sur: $3,840
- Pocitos: $3,285
- Cordón: $2,680
Understanding these indicative prices, sourced from InfoCasas, is a valuable part of your relocation planning. LivinginUruguay.com can help you delve deeper into specific neighborhoods. [See our neighborhood guides for expats]
Understanding “Vivienda Promovida” (Promoted Housing) for Expats
The Promoted Housing Law (No. 18,795) has significantly impacted the Uruguay housing market for expats 2024. The InfoCasas report noted a record 39,000 new housing units developed under this scheme by 2024.
- InfoCasas data shows Montevideo (59%), Canelones (21%), and Maldonado (7%) led in these new developments.
- The report states 84% of these units were purchased for investment. For expats with investment goals alongside relocation, this is an interesting aspect of the Uruguay housing market for expats 2024.
- 1,943 purchase agreements for promoted housing were reported by InfoCasas for 2024.
This scheme primarily offers tax benefits for new constructions, which can be an attractive option for some expats. LivinginUruguay.com can connect you with legal and financial advisors to explore if this aligns with your relocation and investment strategy.
Renting in Uruguay: What Expats Need to Know from the 2024 Market
For many relocating, renting is the first step. The InfoCasas “Radiografía 2024” report offers these insights into the rental segment of the Uruguay housing market for expats 2024:
- Apartments: One-bedroom units (47%) and studios (16%) were highly sought after.
- Houses: Two-bedroom houses were in strong demand (58%).
- Price Point: 60% of rental demand was for properties costing up to $35,000 Uruguayan Pesos per month.
InfoCasas identified Cordón, Pocitos, and La Blanqueada as top rental zones. Finding the right rental can make your initial settlement much smoother, and LivinginUruguay.com is here to assist with your search in the Uruguay housing market for expats 2024.
Broader Relocation Context: 2023 Census & Survey Insights (via InfoCasas)
The InfoCasas report also references the 2023 Uruguayan Census, noting that 19.5% of homes nationwide were unoccupied (this is higher in coastal/vacation areas like Maldonado). User surveys mentioned in the report indicated a 65% preference for houses. This type of information helps us at LivinginUruguay.com provide you with a well-rounded picture as you prepare for your move and navigate the Uruguay housing market for expats 2024.
Professional Support for Your Move
Uruguay is committed to professionalism in its real estate sector, highlighted by Law No. 20,380 (creating a registry for real estate operators), as mentioned in the InfoCasas report. At LivinginUruguay.com, we connect you with reputable, registered professionals to ensure your housing search is secure and transparent.
Your Smooth Relocation Starts with Understanding the Uruguay Housing Market for Expats 2024
The Uruguay housing market for expats 2024, as detailed in the InfoCasas “Radiografía 2024” report, is dynamic and full of opportunities. We at LivinginUruguay.com have presented this summary to empower you with knowledge as you embark on your exciting journey to live in Uruguay.
From understanding property prices to identifying popular neighborhoods for expats, this information is designed to ease your transition. We know that relocating involves much more than just finding a house, and we’re here to support you every step of the way.
Ready to make your move to Uruguay a success? Contact LivinginUruguay.com today. We’re dedicated to helping English-speakers like you find not just a house, but a home in the Uruguay housing market for expats 2024 and beyond.
