Charming Colonia Is Uruguay’s Fastest-Growing Safe Deposit Box

Patrick Archer aruba, foreign investment, hotels & casinos, real estate, tourism, uruguay

The surge in Argentine bank deposits in Uruguay made front page news last week and should come as a surprise to no one who has followed the impact of Argentine currency controls on everything from new construction to existing property sales to outbound tourism. The surprising part of the story is exactly where those funds are being deposited in Uruguay. …

More Brazilians Buying Vineyards in Argentina & Uruguay

Patrick Archer aruba, foreign investment, lifestyle, real estate, tourism, uruguay, wine & vineyards

Exactly one year ago, we shared the news that Mendoza is now the second-most popular destination for Brazilians in Argentina after Buenos Aires. According to the Ministry of Tourism, the southern region of Mendoza was the most sought after in January with San Rafael topping the list of visitors and hotel occupancy with 92%. Now, one year later, it seems many Brazilians are …

Air France-KLM Announce New Flights to Montevideo, Buenos Aires

Patrick Archer competitiveness, foreign investment, lifestyle, tourism, uruguay

For the past decade, flying from South America to Europe has been a thoroughly dreadful experience aboard dinosaur airlines like Iberia, arguably one of the 10 worst airlines in the world. Fortunately Iberia’s dominance over major routes to South America is rapidly eroding thanks to new airlines looking to capitalize on one of the fastest growing and lucrative markets in the …

Neighbors and Nightlife Peacefully Coexist in Punta del Diablo

Patrick Archer aruba, lifestyle, real estate, tourism, uruguay

It’s the coolest beach in Uruguay, so locals are accustomed to the annual influx of twentysomething sunseekers and clubhoppers. But as the crowds have grown larger with each passing summer, so too have the decibels from the beachside boliches. Fortunately a new zoning plan has both Punta del Diablo locals and summer visitors moving at their preferred paces and beats …

The Summer of Strange & Super Luxury In Punta del Este

Patrick Archer arts & entertainment, aruba, hotels & casinos, lifestyle, tourism, uruguay

“Not bad. Not good. Strange.” That’s how Punta del Este hotel and property owners describe Summer 2013 to Ambito’s Leandro Ferreyra. The strange part is the fact that middle class reservations are down 30% due to Argentine currency controls; however, the most luxurious 4 and 5-star hotels and the most exclusive Punta del Este rental properties are all booked solid. …