Updated Land records published by the Institute of Colonization on 4th of January 2023 show the high demand for tangible assets.
Transactions in Uruguay during the past year amount to 786 M USD and over 188.000 hectares changed ownership. Roughly speaking an average price per hectare of 4.176 USD (in acres: 1690 USD per acre). However, this year the gap between cropland on the one hand and cattle land or timberland on the other hand widened a lot.
Premium crop land in Colonia and Soriano sold for price between 12.000 and 14.000 USD per hectare. In Rio Negro and San José the best cropland sold for 8.000 to 10.000 USD per hectare. Further away from logistical centers the interest for cropland is still high, but entry level is lower.
Rising land values were accompanied by higher rental prices. This market has become even more competetive. Tenants are very eager to get a chance to work on new cropland.
Timberland prices depend on the existence of wood. With eucalyptus trees already planted price may reach 4.500 to 5.000 USD per hectare. Bare timberland in the east will sell for values ranging between 3.000 and 3.500 USD per hectare.
Prices for cattle land depend on productivity (possibility to seed pastures and fodder crops). In the north you may find land for 2.500 USD per hectare and in the south on cattle land with more carrying capacity the prices may go up to 5.000 USD per hectare.
Upon request we can provide more information about specific regions, activity or CONEAT.