Apartment for Sale - Cordón DELREY PROPIEDADES
$102,382
- 1Bedrooms
- 1Bathrooms
- 293 sq ftLiving area
About this home
Cordón Sur | Promoted Housing Price paid during construction: U$S 102.382. List price: U$S 106.477. Located on a quiet street in Cordón Sur, this property combines proximity to major avenues, parks, services, educational institutions, and healthcare facilities. Excellent connections and transportation to various parts of Montevideo, in a constantly growing urban area. This unit faces southeast and offers optimal lighting, natural ventilation, and maximum sunlight. It has a front-facing terrace. Open-plan kitchen with base and wall cabinets, granite or similar countertop, and stainless-steel sink. Wood-look vinyl flooring with white baseboards in the interior spaces. Spacious, accessible bathroom with porcelain tile and ceramic flooring and wall coverings, vanity cabinet, bathroom fixtures, faucets, and high-quality accessories. Wooden doors finished with white PVC film. Dark bronze Anolok aluminum windows and roller shutters. Space for a washing machine and a cabinet for the water heater. Electrical wiring and drainage provisions for air conditioning. Traditional construction with a reinforced-concrete structure and interior and exterior masonry walls. Quality, low-maintenance finishes: exposed concrete, glass, dark bronze Anolok aluminum, and dark metal enclosures and railings. Parking spaces and a bicycle parking area are available on the ground floor and in the basement. The amenities are on level 11 and offer a great view: Enclosed common room equipped with furniture, barbecue grill, kitchenette, and spacious terraces. Laundry room and service area. Tax benefits Project included under Promoted Housing Law No. 18.795: VAT exemption on the purchase price. IRPF/IRAE income tax exemption for 10 years. Property tax exemption for 10 years. Exemption from the buyer’s ITP —2% of the cadastral value— on the first purchase. Garage starting at: Price paid during construction: U$S 20.000. List price: U$S 20.800. Payment terms Purchase commitment: 40%. Installments during construction: 50%. Upon occupancy: 10%. Occupancy installment: 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
- 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.
$102,382
