Regions

Land in Maldonado

Maldonado is the one department where the price of land is set mainly by something other than what grows on it.

Avg price 2025 5,647 USD/haTraded 2025 5,895 haLand use Chacras, grazing, residential use, viticulture

USD per hectare · DIEA 2025Spread, most to least expensive department 4.2×

National average 4,178

Colonia9,707+19.7 %Soriano7,964−7.6 %San José6,842+5.1 %Canelones6,492−5.7 %

Maldonado5,647−2.0 %

Florida5,265+12.3 %Río Negro5,138−9.0 %Flores4,667−11.7 %Durazno4,032−17.5 %Rocha3,839+22.3 %Lavalleja3,736+5.0 %Treinta y Tres3,384+6.9 %Cerro Largo3,194−10.7 %Rivera3,074−10.5 %Paysandú3,047−17.6 %Salto2,886+4.0 %Tacuarembó2,720−10.7 %Artigas2,300−0.5 %

Bar length and order follow the official annual figures. Percentage: change against 2024.

View across the sierrasAnalía Mosqueira · CC BY-SA 3.0

Traded 20255,895ha

LocationSoutheast coast, Punta del Este

Land useChacras, grazing, residential use, viticulture

The price

The 2025 average was USD 5,647 per hectare, essentially flat on 2024. That is about a third above the national figure, and for a department of mostly light soils and sierra terrain it cannot be justified agronomically.

Why price forms differently here

Maldonado contains Punta del Este. Much of the demand for land comes from buyers who intend to live, not produce: chacras in the hinterland of José Ignacio, plots towards Pueblo Garzón, land with a sea view or close to the coast.

That is not a criticism but a distinction you need before buying. A hectare in Maldonado and a hectare in Soriano cost roughly the same and produce entirely different things. Underwriting this on operating yield means underwriting against the market.

Who Maldonado suits

Buyers whose primary purpose is residence or a residency option, with land attached
Uses that capitalise landscape: vineyards, olives, guest operations
Anyone who needs Laguna del Sauce international airport nearby

What it does not suit: a pure income holding. The price per productive hectare is too high, and the competition for land comes off a different demand curve.

Sources

DIEA / MGAP: Serie „Precio de la Tierra" (Compraventas) ↗

Figures verified on 2026-07-27

Information is provided for information purposes only and does not constitute investment, legal or tax advice. Prices shown are averages from official statistics, not valuations of individual properties.

The series for this department

Prices actually paid per hectare, area traded and the number of contracts of sale, year by year.

Since2006
Peak5,764 2024
Low2,051 2008

Maldonado: Prices actually paid per hectare, area traded and the number of contracts of sale, year by year.
Year	USD/ha	Change	Hectares traded	Contracts
2006	2,767		10,957	145
2007	2,811	+1.6 %	21,293	267
2008	2,051	−27 %	19,587	245
2009	3,408	+66.2 %	8,776	178
2010	4,087	+19.9 %	7,544	153
2011	3,955	−3.2 %	17,021	193
2012	4,536	+14.7 %	8,331	149
2013	4,730	+4.3 %	15,495	143
2014	4,671	−1.2 %	4,981	101
2015	4,064	−13 %	6,340	94
2016	3,310	−18.6 %	2,433	56
2017	4,545	+37.3 %	5,467	95
2018	4,173	−8.2 %	4,432	66
2019	2,566	−38.5 %	7,307	66
2020	2,927	+14.1 %	6,252	60
2021	4,067	+38.9 %	9,730	100
2022	3,888	−4.4 %	5,123	82
2023	4,340	+11.6 %	11,014	65
2024	5,764	+32.8 %	6,609	120
2025	5,647	−2 %	5,895	108

Source: DIEA / MGAP, "Precio de la Tierra" series. Change against the previous year, computed from the same figures. Reconciled on 2026-07-27

The market report

Ten pages: what land costs in each of the 18 departments, what leasing yields, what a purchase adds on top, and the rules under which a foreigner may buy at all. Every figure with a source and a verification date.

Prices for all 18 departments, from registered contracts of sale
Gross yield from the official lease and price series, unvarnished
Transaction costs with rates, and what they come to on an average parcel
The ceilings in Canada and Argentina, with the statutes behind them

You receive the report immediately as a PDF. We also write when DIEA publishes new figures, normally twice a year. No advertising, never sold on, unsubscribe in every message.

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