SIMA 2012: VP Astori Tells Spaniards “Uruguay Safe, Profitable For Investors”

Patrick Archer foreign investment, real estate, tourism, uruguay

Uruguay real estate and investment opportunities took center stage this weekend in Madrid at the annual International Real Estate Expo, SIMA. Unlike two years ago when there was very little to celebrate, this year’s expo exceeded expectations in terms of attendees, participating foreign countries and real estate developments on display. Over 400 residential projects were featured from countries like the …

(U+B)-A = Uruguay & Brazil To Pursue Total Integration Sans Argentina

Patrick Archer competitiveness, foreign investment, uruguay

“May the businessmen move where the winds blow in their favor.”  That stirring open market homage from Uruguay President Jose Mujica was the perfect summation of his meeting with his Brazilian counterpart Dilma Rousseff yesterday in Montevideo. With current Argentina import restrictions and the YPF announcement poised to further divide an already frozen Mercosur, Uruguay and Brazil are ready to …

Buenos Aires Real Estate Closings Decline for Third Consecutive Month

Patrick Archer aruba, real estate

Real estate sales in the City of Buenos Aires fell for the third consecutive month, as the local market continues to feel the impact of US dollar currency controls imposed November 1 of last year. Closings in Buenos Aires in the month of February were down 18% compared to February 2011, according to the new report from the Buenos Aires …

Global Grape: US Malbec Consumption Approaching Argentina Levels

Patrick Archer agribusiness, competitiveness, lifestyle, wine & vineyards

Yesterday, for the second consecutive year, celebrations were held in 45 cities and 36 countries to toast Argentina’s signature grape. For Argentine wine makers and exporters, a few toasts of gratitude must have been raised for US wine enthusiasts who now consume almost as much Malbec as Argentines, according to a new article in Cronista. Nuria Rebon  charts Malbec’s meteoric rise: …

More Mendoza, Cordoba, Rosario Developers Buying Uruguay Real Estate

Patrick Archer aruba, average prices, foreign investment, real estate, uruguay

We have seen how the smart money is moving to Argentina’s interior. Now it seems Argentines from the largest interior metros are leading the pack in buying real estate in Uruguay destinations like Punta del Este, Montevideo, Colonia and Carmelo. Mendozans With Money Bet On the Uruguay Coast, is the title of a new article in MDZ Online. “Some 90 …