2-Bedroom Apartment for Sale in Downtown (Montevideo)
$176,800
- 3Bedrooms
- 1Bathrooms
- 640 sq ftLiving area
About this home
Located at the intersection of Convención and San José, in the heart of Montevideo, KATARA is designed as a modern and functional residential development. Just steps away from 18 de Julio Avenue, the city’s main thoroughfare, it offers unbeatable access to services, transportation, universities, cultural centers, and shopping districts. The building has 10 floors, with 8 apartments per floor, offering 1- and 2-bedroom options designed for those seeking comfortable living or a secure investment. The ground floor will feature a fully equipped gym, locker rooms, and a pool with a sun deck—ideal for enjoying urban life with a focus on well-being. On the 10th floor, an exclusive multipurpose lounge with panoramic terraces serves as the perfect gathering spot, equipped with an indoor barbecue, kitchen, and restrooms. The units come fully equipped with a stovetop, electric oven, water heater, light fixtures, and built-in closets in the bedrooms, ensuring practicality and comfort from day one. Terms of Sale: Parking spaces starting at: USD 25,000 Prices do not include: Occupancy fees: 5%. Real estate brokerage fees: 3% + VAT. Estimated Delivery: December 2026 In addition, KATARA is being developed under the provisions of Law 18,795 on Subsidized Housing, which offers significant tax benefits for those who choose to invest: Exemption from Property Transfer Tax (ITP) Exemption from IRAE/IRPF on rental income for 10 years Exemption from wealth tax for 10 years Don’t miss out on this unique opportunity! We look forward to hearing from you and accompanying you on the journey toward making your dream a reality. RAZA PROPIEDADES Your best partner in real estate development. RBU68981 AP8060974
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
Outdoor & Recreation
- Balcony
Building Services
- Elevator
Lifestyle
- Pet Friendly
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$176,800
