2-Bedroom Apartment for Sale in La Blanqueada
$237,900
- 3Bedrooms
- 1Bathrooms
- 592 sq ftLiving area
- 856 sq ftLot area
About this home
This 2-bedroom apartment at Sky Residences represents a unique opportunity for those looking for their next home or a safe investment in one of Montevideo’s most promising developments. Located on the corner of Avenida Italia and José Batlle y Ordóñez, the project is part of a modern three-tower complex, developed under the Promoted Housing Law, offering significant tax benefits and a strategic location near universities, healthcare facilities, services, and shops, with excellent access to the entire city. The unit features a spacious and functional layout. The living-dining area flows seamlessly into a modern open-concept kitchen, creating a comfortable and bright environment to enjoy every day. Its spacious terrace, accessible from the living room and both bedrooms, naturally extends the interior space, providing an ideal spot to relax, entertain guests, or enjoy the views and excellent orientation. The two bedrooms were designed to offer privacy and comfort, with large windows that maximize natural light and ventilation. The contemporary finishes and high-quality construction make this unit an excellent choice for both permanent residence and investment. Project Amenities Sky Residences features spaces designed to be enjoyed every day: • Swimming pool. • Fully equipped gym. • Barbecue areas. • Common terraces. • Coworking spaces. • Meeting room. • Playroom. • 24-hour security. • Underground parking. • Bicycle racks. • Storage units. Project Benefits • Estimated completion: August 2028. • Project covered by the Promoted Housing Law. • 10-year income tax exemption on rental income. • 10-year wealth tax exemption. • Bank financing of up to 90%. • Occupancy fees: 4.5% (includes utility connections, building regulations, and floor plan). Payment Schedule with Bank Financing • 5% Reservation. • 10% Commitment. • 35% Installments during construction. • 50% Upon occupancy (with bank financing). Payment Schedule for Investors During Construction • 10% Reservation deposit. • 20% Commitment deposit. • 60% Installments during construction. • 10% Upon move-in. Real estate fees: 3% + VAT on the purchase price. Contact us for availability, updated prices, and financing options. Discover a new way of living in a development that combines contemporary architecture, excellent amenities, and a prime location. 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
Outdoor & Recreation
- Balcony
Security
- 24/7 Security
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$237,900
