Uruguay has become a safe and attractive destination for real estate investment thanks to its legal security, tax benefits, and exceptional quality of life. For foreigners interested in purchasing property, the process is clear, accessible, and transparent. Here’s a complete step-by-step guide to investing in Uruguayan real estate with confidence.

1. Who can buy property in Uruguay?

One of the main advantages of Uruguay is that there are no restrictions on foreigners buying property. Both individuals and companies, regardless of nationality, can purchase real estate under the same conditions as Uruguayan citizens. There is no requirement to be a legal or tax resident.

2. Step-by-step buying process

a. Property reservation

Once a property is selected, the buyer signs a Reservation Agreement. This document establishes the purchase commitment, sets the price and payment terms, and defines a timeline for signing the deed. A 10% deposit is usually paid at this stage.

b. Title due diligence

The buyer appoints a public notary, who conducts a title search to ensure the property has no legal issues or encumbrances. This process typically takes 20 to 30 days.

c. Final deed signing

Once due diligence is completed, both parties sign the purchase deed in front of the notary. The buyer pays the remaining balance, and the property is officially transferred. The deed is then registered with the national Property Registry.

3. Required documentation

To complete the purchase, the buyer must present:

  • Valid ID (passport or national ID).
  • Proof of funds (required by banks for transfers).
  • Personal details and address in the home country.

There is no need to have Uruguayan ID or a local bank account (although opening one is recommended for long-term investment or rental purposes).

4. Additional costs to consider

Besides the property price, buyers should account for the following costs:

  • Notary fees: 3% + VAT of the property value.
  • Real estate agency fees: 3% + VAT.
  • ITP (Property Transfer Tax): 2% of the cadastral value (paid by both buyer and seller).
  • Stamps and registration fees: Around 0.5% of the purchase price.
  • Occupancy and connection expenses (for new properties): 2% to 4%, covering shared area furnishings, service connections, building regulations, etc.

5. Estimated timeline

The process from reservation to final deed signing usually takes 30 to 60 days, depending on the title review and both parties’ availability.

6. Key recommendations

  • Hire a trusted notary to ensure your legal protection.
  • Review ongoing costs such as maintenance fees and property taxes.
  • If you plan to rent the property, consult about market demand and potential yields.
  • Consider opening a local bank account to streamline financial operations.

Uruguay offers a legally secure environment, macroeconomic stability, and a steadily growing real estate market—making it one of the top investment destinations in South America for international buyers.

From Punta del Este, Nicolás de Módena Real Estate guides you every step of the way to ensure a safe, profitable, and long-term investment.

We are the leading real estate agency in Punta del Este
With a strong track record in exclusive property sales and rentals, we’re recognized as one of the top agencies in the area. If you’re looking for the perfect home or a secure investment, contact us today!
📞 Phone: (+598) 42 47 93 36 // (+598) 99 815 537
🌐 Website: www.nicolasdemodena.com