Department - Cordón
$157,942
- 2Bedrooms
- 1Bathrooms
- 552 sq ftLiving area
About this home
An ultra-comfortable apartment for urban, young-at-heart people who lead active and healthy lifestyles. 2-bedroom apartment with double-glazed windows and access to a terrace. Fitted kitchen, with upper and lower cabinets. Full bathroom with vanity. Pre-wiring for air conditioning. A project that actively contributes to the neighborhood’s revitalization, with all the tax benefits of the ANV. Be part of something big—158 apartments at an iconic location in Cordón: Fernández Crespo and Uruguay. Cordón Neighborhood Cordón is a downtown commercial district featuring international chain restaurants and popular shops, as well as artisanal stores selling yerba mate containers and Uruguayan leather accessories. The nightlife includes traditional wine bars and modern breweries. The Stella D’Italia Theater, built in 1895, hosts plays and concerts, while the large Natural History Museum displays minerals, fossils, and taxidermied animals. Amenities Elevator Garage Security Laundry Barbecue area Security cameras Gym The project is carried out under Law 18,795, the Promoted Housing Law (Social Housing), and therefore offers: - Exemption from the ITP (Property Transfer Tax) - Exemption from IRAE/IRPF (Income Tax) on rental income for 10 years - Exemption from Property Tax (IP) for 10 years Payment Schedule: DEPOSIT: 25% 6 QUARTERLY PAYMENTS OF 10% (60%) OCCUPANCY: 15% OCCUPANCY AND UTILITY CONNECTION FEES: 4% .
Buying in Uruguay as a foreigner
Yes, foreigners can buy property in Uruguay.
A purchase is normally formalized through a public deed, notarial involvement and registration with the Property Registry.
- Near coasts and borders
- Uruguay does not apply a nationwide restricted zone for foreign buyers equivalent to Mexico's coastal zone or border strips in other countries. This field is retained only to preserve the common schema.
- Residency
- Tax residency available for property investment of ~$380,000 USD (plus 60 days presence). Path to citizenship is clear.
- Taxes and closing costs
- They depend on the state, the municipality and the property itself, so there is no single national figure. Ask the agent or our Concierge for an estimate on this home.
- Financing
- Financing for foreign buyers depends on the lender, residency, income, financial history, currency, down payment and property type.
How buying works
Identification and funds
Prepare a valid passport or identification, powers of attorney where applicable and source-of-funds documentation.
Title due diligence
The notary reviews ownership, cadastral parcel, registry history, liens, debts, plans and the property's legal status.
Reservation or purchase agreement
Define price, currency, deposit, conditions, timelines and allocation of costs.
Deed and registration
Execute the public deed, pay applicable taxes and fees and register the document with the corresponding Property Registry.
This information is general and educational. Taxes, costs, documentation requirements and transaction-specific conditions should be verified with a notary, attorney, accountant, bank or competent authority. Research last reviewed July 2026.
Amenities
Indoor & Comfort
- Gym
- Laundry Room
- Heating
Outdoor & Recreation
- Terrace
- BBQ Area
Building Services
- Elevator
Lifestyle
- Pet Friendly
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$157,942
