Promoted housing in Palermo

There are 13 promoted housing properties for sale today in Palermo, from U$S 113,599 to U$S 309,407. The median price per square metre is U$S 3,518. 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

Cordón (47) Tres Cruces (29) La Blanqueada (21) Centro (12) Barrio Sur (11) Carrasco (7) Buceo (3) Ciudad de la Costa (3) Bella Vista (3) Malvín (2) Parque Batlle (2) Aguada (2) Lagomar (1)

Pres Barrios Amorin Building - 2 bedrooms

For salePromoted housing

Apartment

Pres Barrios Amorin Building - 2 bedrooms

Palermo, Montevideo

55.05 m²

U$S 165,628

Pres Barrios Amorin Building - 3 bedrooms

For salePromoted housing

Apartment

Pres Barrios Amorin Building - 3 bedrooms

Palermo, Montevideo

85.2 m²

U$S 309,407

Pres Barrios Amorin Building - 1 bedroom

For salePromoted housing

Apartment

Pres Barrios Amorin Building - 1 bedroom

Palermo, Montevideo

42.6 m²

U$S 132,888

For salePromoted housing

Apartment

Gonzalo Ramirez Presidential Building - Studio Apartment

Palermo, Montevideo

Studio

35.9 m²

U$S 113,599

Gonzalo Ramirez Presidential Building - 1 bedroom

For salePromoted housing

Apartment

Gonzalo Ramirez Presidential Building - 1 bedroom

Palermo, Montevideo

36.25 m²

U$S 123,982

For salePromoted housing

Apartment

Winks Magallanes Building - 1 bedroom

Palermo, Montevideo

39.1 m²

U$S 159,900

For salePromoted housing

Apartment

Winks Magallanes Building - 2 bedrooms

Palermo, Montevideo

58 m²

U$S 189,900

For salePromoted housing

Apartment

Winks Magallanes Building - Studio Apartment

Palermo, Montevideo

Studio

52.8 m²

U$S 123,900

For salePromoted housing

Apartment

Winks Gaboto Building - 1 bedroom

Palermo, Montevideo

38.1 m²

U$S 150,900

For salePromoted housing

Apartment

Winks Gaboto Building - 2 bedrooms

Palermo, Montevideo

54.5 m²

U$S 189,900

For salePromoted housing

Apartment

Winks Gaboto Building - Studio Apartment

Palermo, Montevideo

Studio

45.2 m²

U$S 162,900

For salePromoted housing

Apartment

Ventura Soho Building - 3 bedrooms

Palermo, Montevideo

65.8 m²

U$S 229,900

Frequently asked questions

How much does promoted housing cost in Palermo?

There are 13 promoted housing properties for sale today in Palermo, from U$S 113,599 to U$S 309,407. The median price per square metre is U$S 3,518.

What is promoted housing?

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.