Colonia Emerging As A Year-Round Tourist Destination

Patrick Archer aruba, hotels & casinos, lifestyle, real estate, tourism, uruguay

The cobblestone streets, 17th century architecture and beautiful sunsets that characterize Colonia del Sacramento have always lured Argentines and international tourists in Buenos Aires across the river for a weekend stay. But now Colonia is turning into a year-round destination, and the same qualities that attracted the Portuguese back in 1680 are luring a new generation of real estate investors and …

Coastal Uruguay Real Estate Sales Exceed US$100 Million a Month

Patrick Archer foreign investment, real estate, uruguay

Coastal real estate in and around Punta del Este continues to be a magnet for foreign investors, and the value of Uruguay homes and apartments sold tops US$100 million per month, according to El Observador. In the most recent twelve-month period examined, properties sold in Maldonado exceeded US$1.4 billion, and in the 28-month period from January 2009 to May 2011, …

Punta del Este Real Estate: A Safe Harbor in Times of Crisis

Patrick Archer foreign investment, real estate, uruguay

It happened three years ago during the market panic following the collapse of Lehman Brothers, and it’s happening again during the latest debt downgrade-inspired sell-offs. International investors fed up with uncertainty and triple-digit days on the Dow are plowing their cash into Punta del Este real estate. Just as in 2009, El Observador’s Leonardo Luzzi says Punta is once again …

New York Times: Colonia Real Estate Attracting More Foreign Investors

Patrick Archer foreign investment, lifestyle, real estate, tourism, uruguay

Lionel Messi (“the little man in the orange shoes”) and the Argentine Seleccion were showered with compliments this morning by The New York Times for their performance last night in New Jersey, but Uruguay also received its fair share of praise this week. Cesar Barrios of La Republica tells Uruguay readers that Colonia was just featured in a Times article …

Uruguay Estancias Around Colonia Attracting More Foreign Buyers

Patrick Archer creative class, lifestyle, real estate, tourism, uruguay

“Summertime…and the living is easy.” That’s what The Guardian’s Lucy Gilmore discovered during her recent trip to Uruguay. Gilmore visited some of the hidden gems of the Tango Coast including the port town of Colonia del Sacramento and some beautiful renovated estancias just a few kilometers inland. The estancias, which date back to the 1880’s, are finding new life as …