New Developments
Modern family homes in Pocitos' newest residential buildings — built for the way families live today, with fiscal incentives that make the numbers work better than many buyers expect.
New 3 bedroom apartments in Pocitos offer something the resale market can't fully replicate: a home built from scratch for the way modern families use space. Three separate bedrooms, a proper kitchen, a dedicated laundry area, and common building amenities that older buildings simply weren't designed to include.
Beyond layout, there's a meaningful financial argument. Uruguay's Promoted Housing Law — Ley 18,795 — offers buyers of qualifying new developments exemptions from VAT on the purchase, corporate income tax exemptions for developers (which flows through to pricing), and net worth tax benefits for several years after completion. Since 2011, this law has channelled over 1,300 projects and nearly 35,000 housing units — including many in Pocitos and the surrounding barrios. Uruguay XXI, 2024
The result is that new 3 bedroom apartments in Pocitos are often more competitively priced than buyers assume once fiscal benefits are factored in.
Three bedrooms designed for today: master with en-suite, two secondary rooms sized for children or a home office, and open living areas.
A new building means no legacy renovation debt — no old plumbing assessments, no asbestos remediation votes in the assembly.
Rooftop terraces, underground parking, gym, and concierge services are now standard in many new Pocitos developments.
Thermal insulation, modern elevators, and LED common areas mean lower expensas per m² than older buildings of equivalent size.
Uruguay has one of the most structured property investment incentive frameworks in Latin America. For buyers of new apartments in qualifying projects, the benefits can be significant.
Enacted in 2011 and continuously refined, Ley 18,795 declares investment in housing construction to be of national interest. For qualifying new developments, benefits include:
Source: Intendencia de Montevideo — Construction & Real Estate; Uruguay XXI Sector Report 2024
For larger residential developments, the Investment Promotion Law offers additional benefits to developers who submit qualifying projects to the Comap commission. These include:
These developer incentives are embedded in new-build pricing and can make a new 3 bedroom apartment meaningfully more competitive than the headline figure suggests when compared to a resale unit at the same size.
Source: Intendencia de Montevideo — Investment Incentives
Request New 3BR Catalog →New 3 bedroom units in Pocitos typically range from 90 to 150 m². Expect open-plan living/dining, a dedicated kitchen, and three separate bedrooms with natural light.
Rooftop terrace or pool, underground garage (one to two spaces), fitness area, concierge or digital access, and a clean common expense structure from day one.
New buildings are registered under Decreto-Ley 14.261, which governs the incorporation of buildings into the horizontal property regime. Your individual title is clean and bankable from transfer.
Uruguayan construction law provides buyer warranty protections on new builds. Your notary confirms these at the time of purchase. Structural defects are covered for 10 years under civil code provisions.
Neither is objectively better. The right choice depends on what you value most.
| Feature | New Development | Resale (Classic Building) |
|---|---|---|
| Floor plan efficiency | ✓ Optimised for modern living | ~ Often larger but less efficient |
| Room proportions | ~ Functional, compact | ✓ Generous ceilings and room sizes |
| Fiscal incentives (Ley 18,795) | ✓ VAT and tax benefits available | — Not applicable |
| Building warranty | ✓ Full structural warranty | — As-is condition |
| Building amenities | ✓ Gym, rooftop, concierge typical | ~ Varies by building |
| Renovation potential | — Fixed as delivered | ✓ Personalise to your taste |
| Neighbourhood character | ~ Contemporary aesthetic | ✓ Embedded in Pocitos' architecture |
| Price per m² (typical) | Higher — reflects new build premium + incentives | Often lower — reflects building age |
| Assembly / governance | Clean from day one | Established assembly with history |
Not sure which route is right for you? We can include both in your catalog and walk you through the differences.
Request Your 3BR Catalog →We prepare a curated catalog of new 3 bedroom apartments for sale in Pocitos that match your brief — layout, building amenities, price point, and timeline.
Request Your Catalog