Foreign Developers Building More Luxury Condos in Uruguay

From Colonia in the west, to Punta del Este in the east and Montevideo in between, we saw it first-hand last month: Brand new mid and high-rise condominiums breaking ground or going vertical all throughout Uruguay. Now comes confirmation via UPI that Argentine developers are leading the movement with an emphasis on luxury for fellow Argentines and other foreign buyers. What’s …

Despite Demand, Mendoza Real Estate Market Sees New Construction Pullback

After several years of double-digit growth, the pace of new construction in Mendoza is slowing down according to Diario Uno’s Claudia Pagliarulo. The same factors that have prompted a pullback for developers in Buenos Aires are having the same effect in Mendoza including the rising cost of new construction materials and new currency controls making it more difficult for Argentines …

Colonia Real Estate Soars Thanks To Uruguay Workers & Foreign Visitors

Rental rates for homes and apartments in Colonia del Sacramento are reaching record heights, according to a new article from Eduardo Barreneche and Pedro Calvijo of El Pais. The construction of Montes del Plata’s US$2 billion paper mill in the northern Colonia town of Conchillas has prompted an influx of thousands of employees living in Colonia del Sacramento and Carmelo. …

Chinese Demanding More Premium Wines From Argentina, South America

China, the world’s fifth-largest consumer of wine, is already one of the Top 10 wine export markets for most South American countries. Chinese consumers drank more than 1.4 billion liters of wine in 2011, a number that is projected to grow to 2.2 billion liters by 2015. According to industry analysts, much of that 60% increase will come from vineyards …

Argentines Form Offshore Companies to Buy Uruguay Real Estate Anonymously

It’s been another amazing week here in Uruguay. First, the Colonia Golf Expo 2012, then site visits and broker meetings in Montevideo. Now, comfortably back in the friendly confines of Maldonado, it’s incredible to see the progress of so many new luxury developments here in Punta del Este. The pace of construction is so much faster than in Buenos Aires, …