Montevideo's 6 Percent Apartment Yield Puts Piedras Blancas Ahead Of Coastal Prestige

Uruguay's newest local-market read comes from Montevideo apartment yields, where June data put the city median gross yield at six percent and placed Piedras Blancas well ahead of prestige coastal districts.

The Yield Benchmark Is Clear

The INGAR June index placed Montevideo's median apartment asking price at about USD 2,539 per square metre and the median gross apartment rental yield at 6.0 percent, with an estimated net yield around 3.9 percent after standard deductions.

Piedras Blancas Leads On Yield

Piedras Blancas posted the highest gross apartment yield in the published table at 11.8 percent, while premium areas such as Golf, Puerto Buceo and Villa Biarritz carried much higher price-per-square-metre levels. That is a classic income-versus-prestige split.

Rental Speed Favors Central Demand

Separate Montevideo rental reporting points to strong demand in Pocitos, Cordon, Centro, Tres Cruces and La Blanqueada, with mid-priced units moving quickly. Investors should compare gross yield with vacancy, building condition and tenant depth rather than chasing the highest percentage alone.

What Buyers Should Watch

Montevideo investors should convert gross yield to net yield after taxes, administration, vacancy and maintenance. A high-yield neighbourhood also needs enough tenant demand and realistic resale liquidity.

Outlook

Montevideo's next signal is whether July and August listings confirm the same yield hierarchy. Buyers should price net returns, not beachfront status.

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