1-Bedroom Apartment for Sale in Cordón
$124,370
- 2Bedrooms
- 1Bathrooms
- 398 sq ftLiving area
- 538 sq ftLot area
About this home
Check out this brand-new apartment at City Homes, the new development by Pires Benlian located at Fernández Crespo and Uruguay, right in the heart of Cordón. A modern and functional project with excellent transportation links and all the neighborhood’s amenities. This one-bedroom apartment offers a comfortable and bright layout, with its own terrace, well-designed spaces, and high-quality finishes. Ideal as a primary residence or investment in Montevideo’s fastest-growing residential area. Apartment Features 1 defined bedroom Living/dining room with access to the terrace Integrated or defined kitchen, depending on the unit type Full bathroom Provision for air conditioning State-of-the-art windows and materials Excellent ventilation and natural light Building Amenities Gym Laundry room Roof-top barbecue areas with views Parking space (optional) Security booth Retail space on the ground floor Benefits Project covered by the Promoted Housing Act Exemption from property transfer tax (ITP) and income tax (IRPF) for 10 years (according to current regulations) Area with high rental demand Price A 4% fee for utility connections must be added to the published price. -
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
Outdoor & Recreation
- Balcony
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$124,370
