South America Apartemento

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oregon woodsmoke

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Does anyone know if an "apartemento" in South America is a condo?

It means apartment, but the sales price is about what I would expect a condo to sell for. Or do they just have co-op apartments and not condos?

Listing agent's website in in Spanish. The local agents are offering properties for a much lower price than the websites aimed at foreign investors, but then there is a language barrier thing. I speak just enough Spanish to read the ads, but not enough to know the local usage of terms.

Country is Uruguay, if that makes a diference.
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