Carrasco

Montevideo's most exclusive suburb, garden-home Carrasco: the Sofitel hotel, top schools and the city's lowest crime

Updated May 25, 202612 min read

About Carrasco

Carrasco is Montevideo's most exclusive low-density suburb: large garden homes and luxury apartments, top international schools (British Schools, Stella Maris), embassies and the city's lowest crime rate, anchored by Carrasco Beach, the Rambla República de México and the 1921 heritage Hotel Carrasco, now the Sofitel Montevideo Casino Carrasco & Spa, near the international airport. For investors, Carrasco is a family-lifestyle and capital-preservation play: the city's highest prices (~US$3,500–4,350/m²) pair with structurally low gross yields of ~4.5–5.5%, suiting school-driven family buyers and long-hold owners. Uruguay's fully equal foreign-ownership regime keeps acquisition simple, the market is USD-priced, and residency runs via the 183-day-presence route or, for HNW buyers, the new ~US$2M real-estate threshold (raised 1 Jan 2026).

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Location

Carrasco in Montevideo, Montevideo, Uruguay

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Figures are indicative and subject to change. Regulations, taxes and market conditions vary by jurisdiction. Do your own due diligence and seek independent legal and financial advice.

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