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Housing in Uruguay


Montevideo has the River Plate bordering it on its western side, so there are various neighbourhoods that have a fantastic view on to the water. There are over 10 beautiful beaches within the city and these get very crowded between November and end of March, since the locals enjoy them fully. Although technically the River Plate continues a few miles towards the east, locals address the River Plate as the Ocean, since many days the water is salty and more blue than brown.

Starting from the port area, the first neighbourhood one finds is the Old Town. The majority of the buildings are colonial or French style, with very few modern buildings. The government is working hard towards the promotion of this area, since after many years of splendour, it turn mostly into an office centre, with little or no life after 8pm. The edges of the Old Town were densely populated and a bit dangerous, and many buildings were used to provide questionable services to the sailors that dock nearby.

Nowadays, some streets have been turned into pedestrian areas, and in the last 3-5 years, many restaurants have established themselves, together with the Port Market, and this started the revaluation of properties. At the same time, some professionals, mostly from the arts and design background, chose to establish themselves, not only to work, but also to live, so one sees very active refurbishing and improving of the old buildings. The main areas, close to Plaza Zabala and Plaza Matriz, and the pedestrian streets, such as Sarandi, are already very attractive both for living and dining.

Carrasco is the highest end area, with lots of trees and open spaces, and here one definitely is in the suburbs. The Carrasco downtown centre is an attractive cluster of old English houses transformed into commercial property. The rest of Carrasco shows very few properties of 4 storeys, some newer 2 storey buildings (the building code changed about 10 years ago and the tallest building can only be 2 storeys), but mostly one finds very elegant and spacious houses. This is where most corporate and diplomatic people choose to live, and where the best international schools are located.


Expatriate Area

Montevideo is the primary expatriate location within Uruguay. The most exclusive beach resort for day outings or holidays is Punta del Este, just an hour and a half drive from Montevideo.


In general, expatriates live in the suburbs of Montevideo. Apartments are the primary option for single transferees in the Pocitos area. Families with children tend to live in the suburbs to be close to the international schools, namely in the Carrasco neighbourhood.

Cost of Housing

Housing in Montevideo can be very expensive and varies based on type of residence, location and standard of renovation. Rent can be anywhere from US$ 800-1000 for a small apartment in the city to US$ 2000-3000 for a house in the suburbs. The local currency is the Uruguayan Peso ($U).





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