Real Estate Investments in Uruguay for Foreigners
Uruguay, recognized for its political stability, legal security and attractive tax benefits, constitutes an excellent option for those foreigners who seek to invest in real estate outside their country of origin, obtaining great profitability in stable currencies.
Understanding the particularities and complexity involved in investing in real estate in a foreign country, we have developed a highly specialized Real Estate service to meet the specific needs of those foreigners interested in the Uruguayan real estate market.
We have a deep knowledge of the Uruguayan real estate market and extensive experience in buying and selling properties from abroad. We seek to be business facilitators and guarantee transparency and efficiency in each investment.
We invite you to contact us to discuss your specific needs and evaluate alternatives for your investment.
Investing in real estate in Uruguay as a foreigner offers numerous benefits. Among them, the following stand out:
Political and economic stability
Uruguay is characterized by its historical and unchanged legal security, which is why it is used as a refuge for foreign capital seeking stability and clear rules of the game.
Facilities for Foreigners
The process of purchasing a property in Uruguay is simple and transparent, so that foreign investors can do it from abroad without major complications.
Capital appreciation
The Uruguayan real estate market has demonstrated enormous stability and great potential for long-term appreciation.
Freedom of currency
By investing in real estate in Uruguay, you will be able to receive the income generated by your property in the currency of your preference in local banks, be it dollars or Uruguayan pesos.
Profitability
Investments in real estate in Uruguay have an annual return of between 4% and 7% in dollars, giving investors a high return with low risk.
Safe Rentals
Rentals in Uruguay have great legal security for tenants and owners, guaranteeing quick eviction processes in the event of non-compliance.
Our approach
Our service is aimed at covering the specific needs of foreign people seeking to acquire real estate in Uruguay, whether for investment or residence.
Our comprehensive approach to real estate investments in Uruguay covers all the technical and legal aspects necessary to carry out a successful investment, from the constant search for opportunities to the negotiation, purchase and transfer of property. Additionally, we provide guidance on the different alternatives to maximize the profitability of your investment.
We work closely with our clients to identify the properties that best fit their investment objectives. We conduct extensive searches and evaluate available opportunities throughout the country.
Tax Benefits
Law 18795 established a series of tax benefits for investing in housing projects promoted in Uruguay. Among these benefits, the following stand out:
- Exemption from income taxes on rentals: The income generated by leasing the unit is exempt from personal income tax for a period of 10 years.
- Exemption from Estate Tax: owners are exempt from paying estate tax on the property for a period of 10 years.
- Exemption from Property Transfer Tax: The buyer is exempt from paying the ITP, corresponding to 2% of the cadastral value of the property.
The aforementioned tax benefits make investment in housing projects promoted in Uruguay an attractive option for foreign and national investors, who enjoy significant tax advantages and maximize the return on their investment.
Frequently Asked Questions:
Foreigners can buy property in Uruguay without restrictions and have the same rights as Uruguayan citizens. It is advisable to open a bank account in Uruguay to facilitate the operation.
No. It is not necessary to be a resident of Uruguay to buy property in the country. Despite this, residents have benefits in accessing mortgage loans.
The purchasing process involves signing a reservation ticket, paying a deposit of 10% of the price, and then signing the deed of sale once the Price is paid in full.
The additional costs to the purchase of a property are:
- Property Transfer Tax: it is a tax that taxes the transfer of real estate at a rate of 2% on the cadastral value of the property. It should be noted that the cadastral value is usually half or less of the market value.
- Acting notary: the buyer of a property in Uruguay must pay the fees of the notary who will study the titles of the property and implement the sale. These fees correspond to 3% plus VAT of the price, plus the corresponding stamps.
- Registration fees and certificates: usually between 400 and 800 US dollars.
- Real estate commission: a real estate commission of 3% plus VAT is charged on the value of the sale.
Without a doubt. Uruguay is recognized worldwide for its political and economic stability, providing legal security and clear and stable rules of the game to investors.
Although the best rental properties are between US$ 70,000 and US$ 200,00, there is a great diversity of options locally that adapt to the budget of each investor.
Yes, multiple Uruguayan banks offer mortgage financing to non-resident foreigners. We help you identify and manage financing options if necessary.
Yes, in Uruguay we have freedom of currency. In this sense, it is possible to rent your property in dollars and deposit your rent in said currency in any Uruguayan bank.
