Features:
- 108 apartments: studios and 1- and 2-bedroom units
- 58 parking spaces
- 2 commercial premises
Uruguay is an investment option in Latin America, with political and economic stability, continuous GDP growth, and 10 years of tax benefits for real estate developments. Montevideo and its surroundings offer an estimated annual return of 5% to 7%, with high rental demand.
Tax benefits:
Exemption from property transfer tax, equivalent to 2% of the cadastral value for the first buyer. Exemption from VAT on the first sale, provided it takes place within ten years of completion of the construction. Buyers of promoted housing for rental purposes may access a 10-year exemption on the income generated.
Location:
15 minutes from downtown, 5 minutes from the Rambla, and 5 minutes from Parque Batlle. On Av. Italia, the main artery connecting downtown with the road network leading to the east of the country.
Terms:
- Payment method: cash or bank financing
- Occupancy costs: 5%
- Real estate commission: 3% + VAT
ABU67515 AP7480977 - Abate Propiedades. We manage your rental guarantee. We are insurance brokers for SURA, PORTO, SBI, SANCOR, ZURICH SANTANDER, and MAPFRE.
