Contemporary layouts designed for the way people live today — with the tax benefits of Uruguay's Promoted Housing Law.
New 2-bedroom apartments in Pocitos are built to meet today's expectations — open-plan living areas, dedicated sleeping zones, modern kitchens, and amenities you won't always find in older stock. But the advantages go beyond aesthetics.
New developments registered under Uruguay's Promoted Housing Law (Ley 18,795) come with significant fiscal benefits — for both buyers and developers — that can meaningfully reduce the cost of ownership in the early years. (Uruguay XXI Real Estate Report 2024)
Montevideo issues construction permits for over 500,000 m² per year, and the construction sector accounts for roughly 5% of Uruguay's GDP. (Intendencia de Montevideo)
On the first transfer of a promoted housing unit
Corporate income tax exemption on developer income from the project
On construction in progress and for 3 fiscal years after completion
Modern 2-bedroom developments in Pocitos typically share these characteristics. Individual projects vary — our catalog provides specifics for each.
New studios in Pocitos are purposefully compact. New 2-bedrooms are designed with clear zone separation — sleeping, working, living — maximising usable space per square metre. Open-plan kitchen-living is standard in recent developments.
Many newer Pocitos buildings include rooftop terraces, gym facilities, secure underground parking, reception, and storage units. Availability varies by project — our catalog specifies what each development includes.
Buying new means no renovation surprises in the first years. Under Ley 10,751, all owners contribute proportionally to building maintenance — and a newer building typically means lower repair reserves needed in the short term.
New developments must be registered under Decreto-Ley 14,261 before individual units can be sold. This ensures your apartment has proper legal individuation and title clarity.
Uruguay has been progressing toward higher energy standards in new construction. Recent builds typically feature double-glazed windows, improved insulation, and LED common area lighting — contributing to lower utility costs.
Some Pocitos 2-bedroom developments are available off-plan with staggered payment schedules. Others are ready for immediate occupation. Our catalog specifies delivery timelines for each project.
Uruguay's investment-friendly framework includes specific incentives for new residential construction. Here's what buyers and investors should know. (Intendencia de Montevideo — Construction & Real Estate)
Uruguay's Social Interest Housing Law, first enacted in 2011 and refined since, declares investment in housing construction to be of national interest. It supports private investment across new construction, refurbishment, and expansion of residential properties for both sale and rental.
Between its introduction and December 2023, the law channelled 1,312 approved projects representing nearly 35,000 housing units, of which over 20,000 were completed. In 2023 alone, 185 new projects were approved. (Uruguay XXI)
For buyers of promoted housing units, the primary benefit is VAT exemption on the first disposal — meaning the purchase price of qualifying new apartments does not include VAT that you'd otherwise pay.
Note: Tax benefits apply to units registered under the Promoted Housing scheme. Always confirm eligibility with the developer and your notary before purchase. More information: ANV (Agencia Nacional de Vivienda)
For larger development projects, Uruguay's Investment Promotion Law provides additional incentives including partial or full exemption from corporate income tax (IRAE), import tax exemptions, and VAT exemptions on construction inputs. Developers apply through the Ministry of Economy's COMAP commission.
These incentives indirectly benefit buyers by making large-scale new developments in Pocitos more financially viable for developers — supporting project completion and competitive pricing.
The City of Montevideo's Montevideo Más Cerca programme encourages denser residential development in central and intermediate urban zones — including areas adjacent to Pocitos — by increasing permitted building heights and offering time-limited exemptions from compensatory payments.
This has stimulated new 2-bedroom and larger apartment supply in and around the neighbourhood.
| Factor | New 2-Bedroom | Resale 2-Bedroom |
|---|---|---|
| Layout style | Open-plan, zone-separated living/sleeping | Often larger rooms with traditional separation |
| Typical size | Compact-to-medium (60–90 m²) | Often larger (75–130+ m² in older buildings) |
| Tax benefits | Possible VAT & IRAE exemptions (Ley 18,795) | Standard transfer tax (ITP, 2% of fiscal value) |
| Condition | New; no immediate renovation needed | May require updating; opportunity for personalisation |
| Building age | Recently constructed | Established; proven structure; known location |
| Expensas | Typically lower in early years | Varies; older buildings may need higher reserves |
| Amenities | Often includes gym, rooftop, secure parking | Varies widely by building |
| Location within Pocitos | Often peripheral or avenue-facing | Full range including prime interior streets |
Generalisations only. Individual units vary. Request our catalog for specific options.
A new 2-bedroom apartment in Pocitos tends to suit buyers who value:
Our catalog includes both new developments and resale options. When you submit your request, simply indicate your preference — or choose "Both" and let us show you what's available at your budget across the full market.
Once you receive your catalog, we can discuss the trade-offs in detail and help you understand which type of 2-bedroom best serves your goals.
Request Your Catalog