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Piriapolis Rising: City Celebrates 120 Years; Hotel Bookings Rise 70%

On November 8, 2010, In foreign investment, real estate, tourism, uruguay, by InvestBA
Piriápolis Uruguay

Piriapolis offers a compelling alternative for foreign buyers seeking coastal Uruguay without Punta prices.

Punta del Este attracts all of the celebrities, headlines and big name investors to the Uruguayan coastal state of Maldonado, and that’s probably just fine with the natives and expats living in Piriapolis. This quiet town’s appeal lies in its lack of high-rises, laid-back feel and abundance of affordable parcels with water frontage or water views. And Piriapolistas have plenty to celebrate, according to El Pai­s.

The city’s 120th Anniversary celebration was just held, and there’s a bright outlook regarding tourism and bookings for the 2010-2011 summer season. Juan Marti­nez, the President of the Piriapolis Tourism Association (APROTUR) told El Pai­s, “We are forecasting a very good season, with good reservation numbers both in hotels and real estate rentals, and all at very reasonable prices considering the price:quality ratio that we offer.”

Bookings are up 70% in Piriapolis thanks in part to a well coordinated marketing campaign in Buenos Aires, Cordoba and Rosario in Argentina, Asuncion del Paraguay and Rio Grande del Sur, Brasil. In recent years, wealthy investors seeking more space and privacy have gradually moved away from Punta del Este going north up Playa Brava and west towards Laguna del Sauce.

InvestBA believes it’s only a matter of time before the western movement begins to overlap with the undiscovered gem of Piriapolis and projects like the Chacras del Cerro development begin to get the attention of more foreign investors. 12-acre lots with ocean views for US$125,000 are a rare commodity in this corner of the Tango Coast. (Full Story in Spanish)

For more information about Uruguay real estate opportunities, download the latest issue of InvestBA Privada.

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Carpe Uruguay: The Ruta Less Travelled

On October 6, 2010, In lifestyle, real estate, tourism, by InvestBA
Uruguay in UK Press

The Love Parade: South America's best-kept secret? Maybe, but apparently not much longer.

Great Taste. Less Filling. MetroUK takes a twist on the classic Miller Lite ad campaign in describing the Uruguayan experience for the uninitiated. The “great taste” part of the equation is easily understandable given the country’s amazing beef , seafood and red wine, but it’s the “less filling” that deserves some clarification. While regional big brothers to the north (Brazil) and west (Argentina) receive the bulk of travel ink and international tourists, MetroUK explains how Uruguay is perhaps more suited to the foreign palate of a first-time visitor to the Southern Cone. “Uruguay combines the best of its neighbours in a far more easily digestible package that makes it irresistible,” says Metro adding, “If you want a short, sharp hit of the best of Latin America then you’ve come to the right place.” No less an authority than BBC News jumped on the bandwagon this week with a glowing review of South America’s “best kept secret.” (Not much longer if the international press keep stoking the flames of Carpe Uruguay curiosity). BBC’s Veronica Psetizki interviews a 64 year-old American who just retired in coastal Uruguay—a growing trend—because of the country’s “clean water, good and healthy food, a good educational system, and good infrastructure, both in terms of roads and of Internet access.” Michael Brown, a California transplant sums up the country’s appeal, “You get good food, good wine, nice people, plus there is no rush-hour traffic, and I can get by speaking almost no Spanish at all.” (MetroUK story, BBCNews story)

For more information about living in Uruguay, e-mail us and for real estate investment opportunities in Montevideo and Punta del Este, download the October issue of InvestBA Privada.

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Uruguay Estancias Around Colonia Attracting More Foreign Buyers

On January 2, 2010, In creative class, lifestyle, real estate, tourism, by InvestBA
Uruguay estancias for sale are finding new life as designer farms

Shabby Chic: A renovated estancia near Colonia, Uruguay (Source: Lucy Gilmore)

“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 “designer farms” as young Argentine professionals, perhaps seeking a better work/life balance, are opting for Uruguay’s bucolic charms. One of the architects Gillmore stayed with completely renovated his estancia which she describes as “whitewashed and low-lying, with five bedrooms, the style is shabby chic: old shutters, wooden floors, and beds draped with muslin canopies.”

I myself am just back from end of the year vacations in Uruguay which ranged from the natural beauty of Colonia to the noise and nightlife of Punta del Este. Like Miss Gilmore, I find myself gravitating more toward the peace and tranquility of the former. The coastline drive from Piriapolis west to Colonia is beautiful (Photo), and the terrain looks more like Central Virginia than South America.

I have another Argentine friend, Andres, who takes his family to their WiFi-enabled estancia in Colonia for the entire month of January. As a web designer, he doesn’t miss a beat, and the close proximity to Buenos Aires makes commuting via Buquebus a cinch. With more stories like this and last year’s NuWire Investor piece, Uruguay will continue to attract more foreign property investors in the future. (Full Article)

For more information about investment opportunities in Uruguay including several estancias, download the new issue of InvestBA Privada and watch video tours of our listings:

Canelones Estancia – US$1,500,000

Punta del Este Citrus Estancia – US$2,500,000

La Paloma Waterfront – US$2,500,000

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