Montevideo's neighbourhood spread widened in June data, with INGAR showing Belvedere apartments at a median USD 1,214 per square metre and an estimated 10.6 percent gross rental yield.<\/p>\n
The neighbourhood ranked near the bottom of published apartment price tables, with a typical median apartment around USD 80,000 and about 2.4 months of inventory. Low supply can make individual listings move quickly.<\/p>\n
INGAR's market index put Montevideo's citywide median apartment yield at 6.0 percent gross, while Piedras Blancas led the published table at 11.8 percent. Belvedere therefore sits in the high-yield, lower-price band.<\/p>\n
The figures are based on asking-price surveys, not closed transactions. Buyers should compare rent contracts, building condition, common expenses and neighbourhood liquidity before treating the yield as guaranteed.<\/p>\n
Uruguay's next Montevideo signal is whether affordable west-side neighbourhoods keep outperforming coastal areas on yield. Investors should balance Belvedere's income appeal against resale depth and maintenance risk.<\/p>\n
For Uruguay, the practical check is whether this local signal is visible in signed contracts, bank approvals, registered transfers, lease negotiations, completed works or enforceable public rules. Buyers should compare Montevideo, Belvedere, INGAR with title documents, service charges, financing terms, physical condition and realistic exit demand before treating the latest news as a price guarantee.<\/p>\n