The beautiful Mar del Plata Golf Club is one of several courses along the Tango Coast.

The beautiful Mar del Plata Golf Club is one of several courses awaiting visitors to the Tango Coast.

With only three weeks before the first day of summer, La Nación surveys hotel owners and real estate brokers regarding bookings and optimism for the upcoming tourist season in Mar del Plata, Pinamar and Cariló. Reservations are up and optimism is high according to the article, thanks in part to the relative strength of the Brazilian real making Argentina’s beaches more affordable destinations for Argentines and Brazilians alike. The City of Mar del Plata is planning over 100 concerts and cultural events during the upcoming summer season, many of them free to the public. Just up the coast in Pinamar, a popular destination for the upper-middle class, hoteliers and property owners are trying to keep prices around the same level as 2008, and in Cariló, a destination La Nación describes as “untouched” by the recent economic slowdown, the trend among visitors is moving away from short-term rentals and toward “the purchase of homes, as well as new condos along the coastline.” And over in Punta del Este, Uruguay’s premier destination for the rich and famous, La Nación says confidence is high with brokers recommending property owners hold prices at 2008 levels to offset the 17% drop in the dollar’s value versus the Uruguayan Peso in 2009.

The 2009 Argentina Real Estate Expo concluded yesterday after a three-day run in Buenos Aires. This is the third year La Nación has put on the event, and the number of attendees, exhibitors and sponsors continues to grow annually. As expected, there were several major developers and brokers on hand promoting a variety of projects including mid and high-rise condos in Buenos Aires, gated communities with golf courses and polo fields in the Province of Buenos Aires and luxury waterfront developments along the Tango Coast including Mar del Plata and Punta del Este.

E-mail re@investba.com for more information about individual projects presented at this year’s Expo. If you were unable to attend this year’s event, please enjoy the YouTube video above.

Beachside view of Punta del Este, Uruguay - Photograph by alineartwork on Flickr

Beachside view of beautiful Punta del Este, Uruguay - Photograph by alineartwork on Flickr

NuWire Investor pulls back the poolside cabana curtains and lets foreign investors in on a South American secret: Uruguay Real Estate, Why Its The Perfect Location for Expatriates. NuWire first describes Punta del Este’s “affordable real estate, a remarkably high standard of living, and a party season each summer that transforms the town into a prime spot for South America’s rich and famous,” then shares the personal travelogue of DailyWealth Editor Steve Sjuggerud. The U.S.-based investor explains how banking and tax laws have helped make Uruguay the second-richest country in Latin America. While traveling around Punta del Este, Sjuggerud finds affordable schools, housekeepers, country clubs and several seaside cottages for under $200,000. He says it’s only a matter of time before more American, Canadian and European buyers begin to discover this gem on The Tango Coast: “In short, Punta del Este is the perfect location for expatriates. It’s cheap, easy to reach, and the quality of life is unbeatable, even in America. Best of all, there’s going to be a property boom here as money flees from the bankrupt governments in America and Europe.” Indeed.

 
© 2010 InvestBA, S.A.