Beachside view of beautiful Punta del Este, Uruguay - Photograph by alineartwork on Flickr
NuWire Investor pulls back the poolside cabana curtains and lets foreign investors in on a South American secret: Uruguay Real Estate, Why Its The Perfect Location for Expatriates. NuWire first describes Punta del Este’s “affordable real estate, a remarkably high standard of living, and a party season each summer that transforms the town into a prime spot for South America’s rich and famous,” then shares the personal travelogue of DailyWealth Editor Steve Sjuggerud.
The U.S.-based investor explains how banking and tax laws have helped make Uruguay the second-richest country in Latin America. While traveling around Punta del Este, Sjuggerud finds affordable schools, housekeepers, country clubs and several seaside cottages for under $200,000. He says it’s only a matter of time before more American, Canadian and European buyers begin to discover this gem on The Tango Coast:
“In short, Punta del Este is the perfect location for expatriates. It’s cheap, easy to reach, and the quality of life is unbeatable, even in America. Best of all, there’s going to be a property boom here as money flees from the bankrupt governments in America and Europe.” Indeed.
For more information about investment opportunities in Argentina and Uruguay, download IncomeBA and the new issue of InvestBA Privada.
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My husband and I are going to Buenos Aires in early December. How far away is Punta del Este and how do you get there? Is it really crowded then?
Punta del Este is a quick flight from Buenos Aires on Aerolineas or Pluna. You can also take the Buquebus from Puerto Madero to Montevideo and then it’s about a 90-minute bus ride to Punta. The route is very scenic. As far as crowds, January and February are High Season. Shoulder months like December are less crowded, but equally warm and beautiful.
This place is wild in January. I was there a few years ago and my friends and we had a blast. If you go, you should also drive the road along the coast towards Brazil.