The area:
Located at the intersection of Malvín, Parque Batlle, and Buceo, the project is in one of Montevideo's fastest-growing areas, undergoing significant urban renewal. The surroundings combine proximity to the coast, green spaces, and a wide range of services, shops, dining, educational institutions, and workplaces. It is well connected and easily accessible, making it a location for both living and investing.
Additional information:
Expenses paid by the buyer:
- Occupancy expenses: 4,5%
- Real estate fees for purchase or sale: 3% + IVA, payable upon signing the commitment
Parking spaces available: ask for the price.
Payment methods:
- Payment with bank financing: 5% Reservation - 10% Commitment - 35% Installments during construction - 50% Occupancy (this percentage is financed by the bank).
- Construction financing: 10% Reservation - 20% Commitment - 60% Installments during construction - 10% Upon occupancy
Tax exemptions:
The project is developed under Law 18.795 (the law promoting social-interest housing) and therefore includes:
- Exemption from ITP
- Exemption from IRAE/IRPF on rental income for 10 years
- Exemption from IP for 10 years
The information in this document has been provided by the property owner.
Alvicor Propiedades is affiliated with the Asociación de Inmobiliarias del Uruguay (ADIU). National Registry of Real Estate Operators No. 1289. Alvicor Propiedades is not responsible for any changes, discrepancies, or modifications to this document.
ABU69269 AP7686135
