2-Bedroom Apartment for Sale in La Blanqueada
$244,400
- 3Bedrooms
- 1Bathrooms
- 570 sq ftLiving area
- 915 sq ftLot area
About this home
I discovered an excellent opportunity to live or invest in Sky Residences, a modern residential development located at the intersection of Av. Italia and José Batlle y Ordóñez, one of Montevideo’s fastest-growing and most promising areas. This two-bedroom unit was designed to offer spaciousness, comfort, and an excellent quality of life. Its layout features a bright living-dining room with an open-concept kitchen, creating a modern and functional environment for everyday life. The terrace, accessible from the living room and both bedrooms, expands the living space and allows you to enjoy natural light and unobstructed views. The bedrooms offer comfort and privacy, while the contemporary finishes and excellent layout make this unit an ideal choice for both owner-occupancy and investment. Project Amenities Sky Residences offers a comprehensive range of amenities to enjoy every day: • Swimming pool. • Fully equipped gym. • Barbecue areas. • Common terraces. • Coworking spaces. • Meeting room. • Playroom. • 24-hour security. • Underground parking. • Bike racks. • Storage units. Project Benefits • Estimated completion: August 2028. • Project covered by the Promoted Housing Law. • Income tax exemption on rental income for 10 years. • Wealth tax exemption for 10 years. • Bank financing of up to 90%. • Occupancy fees: 4.5% (includes utilities connections, building regulations, and floor plans). Payment Schedule with Bank Financing • 5% Reservation deposit. • 10% Commitment. • 35% Installments during construction. • 50% Upon occupancy (with bank financing). Payment Schedule for Investors During Construction • 10% Reservation. • 20% Commitment. • 60% Installments during construction. • 10% Move-in. Real estate fees: 3% + VAT on the purchase price. Contact us for availability, updated prices, and financing options. Sky Residences represents an excellent opportunity for those seeking a modern home or a secure investment in a project with significant appreciation potential. Vizcaya Real Estate Your next home or investment starts here. -
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
Outdoor & Recreation
- Balcony
Security
- 24/7 Security
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$244,400
