Real Estate in Uruguay
Bringing expats and property owners together
Buying real estate in Uruguay
Over the last ten years a growing number of Europeans and North Americans have been buying real estate in Uruguay. This is partly down global factors, increases in the value of farmland and the stability of Uruguay’s economy and laws. The latter is an open secret in South America with Uruguay regarded as a safe haven for Latin American investors particularly those from Argentina for decades. There are no restrictions on who can purchase property–except for those affecting rural property—but you must use a public notary to prepare the legal documents. The notary ensures the title deeds are in order and that there are no outstanding debts on the property.
Uruguay has a legal regime which provides for the free entry and exit of foreign currency and also permits it to be freely converted into the local currency. All real estate transactions are carried out in US dollars. As will be seen below, for certain tax aspects the value is recalculated in Uruguayan pesos and taxes are paid in pesos, but the transaction itself will always be in US dollars.
- Property requirements, taxes and the buying process in Uruguay
- Investing in farmland
- What’s it like buying a new build in Uruguay?
- Our recommendations for realtors Top pick
- Our recommendations for property appraisal and renovation Top pick
- Reliable lawyer and notary for property transactions Top pick
Beach-front real estate
Las Cárcavas is a beach-front real estate development of exclusive sustainable ranch-style lots, located right on the breathtaking coast of Rocha, Uruguay, a short drive to the internationally-fêted beach town of José Ignacio, and just over an hour from an international airport.