The Uruguay olive trail gained some Extra Virgin credibility in 2013 when it became only the second country in the Southern Hemisphere to join the prestigious International Olive Council. Now foreign investors and tourists are beginning to take note. Oro Verde (Green Gold) is the title of an El Pais feature article showcasing the growing number of plantations along Uruguay’s …
HNW Argentines Shift Billions To Colonia Banks & Real Estate
[soliloquy id=”19080″] Punta del Este might be losing its luster for high net worth Argentines, but that doesn’t mean they’re giving up on Uruguay. Al contrario. Bank deposits and real estate investments in the Department of Colonia are surging, according to an article in today’s iProfesional. The Department of Colonia encompasses the historic port city of Colonia del Sacramento, the …
Uruguay Invetigating Aerial Tramways For Montevideo
A half century after Uruguay tore down its first attempt at an aerial tramway, a German company is hoping to revive interest in the concept as a tourist attraction or transportation solution. In 1963, Uruguay initiated construction on an aerial chairlift to transport tourists from the beach of Malvin to the Isla de las Gaviotas. The project was doomed from …
More Families Moving To Gated Communities In Uruguay
Gated communities are growing in popularity in Uruguay and beginning to transform the single-family residential landscape from Colonia and Carmelo to Montevideo and Maldonado. “Private and Semi-private Neighborhoods In Development and Rising In Value” is the headline of El Observador’s analysis of the trend in a country where gated communities with lifestyle amenities like golf courses, tennis courts and fitness …
Carmelo, Uruguay Property Values Have Doubled Since 2008
Carmelo is emerging as the coastal Uruguay destination of choice for high-net-worth Argentines, and the trend is reflected in a near doubling of land prices since 2008, according to the Uruguay Real Estate Chamber. “Carmelo, A New Center of Attraction For Argentine Investors” is the front page story in today’s BAE Negocios which points to a wave of new construction …