Expat Housing Guide: Moving to Montevideo

Montevideo's housing market offers a mix of historic properties in the Ciudad Vieja (Old City), mid-century apartments in central areas, and modern developments along the coastal rambla. The market has been relatively stable with modest price increases in recent years, particularly in desirable coastal neighborhoods. Rental prices are moderate compared to other South American capitals, though premium properties in Pocitos and Carrasco command higher rates. Foreign investment, particularly from Argentinians and Brazilians, has influenced the high-end market. Most housing consists of apartments in low to mid-rise buildings, with single-family homes more common in suburban areas. The market is predominantly local, with growing international interest as Uruguay positions itself as a stable relocation destination.