I bought a new build – Real Estate in Uruguay

People dream of buying a home abroad and don't know how to get started. My family is buying a property in Uruguay & will share the process.
By Karen A Higgs
Karen in her new house - Montevideo real estate
Last updated on February 21, 2024
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Do you dream about buying a property abroad but have no idea where to start? Between late 2021 and 2023, I shared my experience buying a new build in Uruguay. You can find out more by watching the videos I filmed and by checking out the links below. Here’s how it started.

In 2021, I was talking to a friend from California who told me that she couldn’t believe how reasonably priced the house my family and I are buying in Uruguay is—for the quality and for such an attractive location.

She said to me:

Do you know how many people dream about buying a property abroad but they have no idea where to start. They have no idea how much it could cost, what the pros and cons are. If you are happy to share that and be as transparent as possible then I would totally follow your process. You’d be providing such a service.

I documented my experience buying a new build in Uruguay

My family bought an investment property in an up-and-coming area of gated communities called Camino de los Horneros in the department of Canelones, 20 minutes from the capital and near the airport.

Canelones is not an area that I ever would’ve considered before but I met the developer socially and got interested.

So what did we buy?

A three-bedroom two-bathroom detached ranch-style (that’s one storey, for the Brits) house with its own pool for 288,000 US dollars as an investment.

We paid November 2021. The ground was broken in early 2022. The property was finished in November 2023. The developer Balsa & Asociados then found us a renter who moved in immediately.

Looking online, identical properties are being advertised for 395,000 US dollars. So we are very happy with the decision.

Learn more about how it was to buy a new build

This kind of personal information is not usually shared in Uruguay. I did this for my English-speaking readers for whom this type of never-shared-before information could be a game changer.

Learn more about the real estate purchase

Canelones, Uruguay’s second department population-wise and the nation’s principal supplier of fruit and vegetables. It’s very green and flat. There are dozens of vineyards and the airport is just twenty minutes away from the fine white beaches of Canelones’ Costa de Oro.

And there beside the airport is an industrial corridor, along Route 101, as well as a number of free trade zones, where big hitters like Google are buying in. World-class striker Luis Suárez is also setting up shop close by.

Watch 

See the video series I filmed over the two years. Videos include:

TRANSPARENCY CHECK Balsa & Asociados sponsored a series on the attractions of Canelones, the department where they are based, produced by Guru’Guay. Guru’Guay founder, Karen and her family used their own funds to buy a property in La Juana. Guru’Guay’s opinions are always our own. 

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7 Responses

    1. Hey Keith, you can see the finished product in the video linked above! It was finished October 2023. You can see I’m super pleased. — karen

  1. Good afternoon! I also dream of buying a house in Uruguay. I carefully studied the video. I have a question regarding seismic activity in Uruguay. Judging by the picture, it seemed to me that the developer is building not a one-story house, but a bunker, or is it the first floor of some skyscraper. Maybe in case of an earthquake? Tell us how with the green tremors in this zone?

    1. Hi Konstantin, nice to hear from you. There is virtually zero seismic activity in Uruguay. It is a rather flat country. Check out this video. Hopefully it will help you understand the construction more clearly https://youtu.be/f23Hmn3XPEo?t=435 I’ve started it at the second to start watching about the construction. Then watch the whole thing to understand the layout of this one-storey home. Hope this helps! — Karen

  2. Thank you for sharing this! I want to buy a house in Uruguay in the future, it has been hard to find more info about this.

    1. Hi Sarah, delighted to help! Feel free to reach out for a private one-to-one consult if you’d like to find out more information, and which is directly applicable to your unique case. Greetings from Uruguay! — Karen

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