Montevideo Real Estate Prices Post Double-Digit Declines

Patrick Archer average prices, real estate, uruguay

Montevideo real estate prices peaked in the second half of 2013 and have fallen significantly in non-coastal neighborhoods this year, according to a new survey of average prices. Since the 2013 peak, the average price of residential real estate in Montevideo has fallen 11% to US$1,542 per square meter (US$143 per square foot) according to the Valora analysis which lumps …

Uruguay Programs Advance Middle Class Access To Housing

Patrick Archer aruba, competitiveness, foreign investment, real estate, uruguay, visionaries

Recent growth in the number of new construction residential projects geared toward the middle class is allowing the Uruguay government to expand affordable tax exemptions for builders and ease borrowing guidelines for would-be owners. The government passed the social housing promotion law last year, and private developers responded to the tune of 4,460 units being built in 149 different residential buildings, …