The area:
Strategically located at the intersection of Malvín, Parque Batlle and Buceo, the project is situated in one of Montevideo’s fastest-growing areas, undergoing significant urban renewal. The surroundings combine proximity to the coast, extensive green spaces and an excellent range of services, shops, dining, educational institutions and workplaces. Well connected, lively at all hours and easily accessible, it is an ideal location for both living and investing, with everything close by and quality of life evident in every detail.
Expenses and taxes:
- Occupancy expenses payable by the buyer: 4,5%.
- Real estate fees for purchase or sale: 3% + IVA, payable upon signing the purchase agreement.
- Garages available: ask for the price.
- The project is developed under Law 18.795 (law promoting social-interest housing) and qualifies for an ITP exemption, an exemption from IRAE/IRPF on rental income for 10 years, and an IP exemption for 10 years.
Payment methods:
- Payment with bank financing: 5% reservation - 10% purchase agreement - 35% installments during construction - 50% upon occupancy (this percentage is financed by the bank).
- Financing during construction: 10% reservation - 20% purchase agreement - 60% installments during construction - 10% upon occupancy.
Conditions:
The information contained in this document was provided by the property owner.
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ALVICOR PROPIEDADES
Member of the Asociación de Inmobiliarias del Uruguay (ADIU)
National Registry of Real Estate Operators No. 1289
Alvicor Propiedades accepts no responsibility for any change, difference or modification to this document.
ABU69269 AP7686917
