Promoted housing in Buceo
There are 3 promoted housing properties for sale today in Buceo, from U$S 100,000 to U$S 196,000. The median price per square metre is U$S 3,571. Contact us on WhatsApp or email for more information or to schedule a visit.
What is promoted housing?
These are projects declared of interest under Uruguayan Law 18,795, which promotes housing construction with tax benefits for the developer and, partly, for the buyer. Most are in central and mid-town Montevideo neighbourhoods such as Cordón, Tres Cruces or La Blanqueada.
Benefits for buyers
- If you rent it out, rental income is exempt from personal income tax (IRPF) for 10 years.
- The unit is exempt from Wealth Tax (Impuesto al Patrimonio) for 10 years.
- The first sale is exempt from the property transfer tax (ITP).
- You can live in it or keep it as an investment.
For guidance only: conditions depend on each project and current regulations. Confirm them with your notary or accountant before buying.
Promoted housing in other neighbourhoods
Cuore Italia Building - 2 bedrooms · 65 m²
Buceo, Montevideo
2
1
65 m²
Cuore Italia Building - Studio Apartment · 28 m²
Buceo, Montevideo
Studio 1 28 m²
Cuore Italia Building - 1 bedroom · 40 m²
Buceo, Montevideo
1 1 40 m²Frequently asked questions
How much does promoted housing cost in Buceo?
There are 3 promoted housing properties for sale today in Buceo, from U$S 100,000 to U$S 196,000. The median price per square metre is U$S 3,571.
What is promoted housing?
These are projects declared of interest under Uruguayan Law 18,795, which promotes housing construction with tax benefits for the developer and, partly, for the buyer. Most are in central and mid-town Montevideo neighbourhoods such as Cordón, Tres Cruces or La Blanqueada.
Benefits for buyers
If you rent it out, rental income is exempt from personal income tax (IRPF) for 10 years. The unit is exempt from Wealth Tax (Impuesto al Patrimonio) for 10 years. The first sale is exempt from the property transfer tax (ITP). For guidance only: conditions depend on each project and current regulations. Confirm them with your notary or accountant before buying.
Can I buy promoted housing to live in?
Yes. It can be your own home; the rental benefits only apply if you rent it out.