$220 Million Expansion Announced for Conrad Punta del Este

Patrick Archer competitiveness, creative class, foreign investment, hotels & casinos, real estate, tourism, uruguay

The most high-profile hotel and casino complex in Punta del Este is about to double-down on that profile…actually quadruple-down when you count the number of new hotel rooms. This week Chile’s Enjoy investment group announced plans to build three additional towers around the existing Y-shaped tower which first opened to the public in 1997 with a total of 294 guest rooms and …

Uruguay Gold Mine Resource Estimate Revised Sharply Higher

Patrick Archer competitiveness, foreign investment, real estate, uruguay

The northern Uruguay Department of Rivera attracted British miners a full century ago and Spanish mineros 250 years ago. Now a South American producer and explorer is writing the next chapter in Uruguay mining history, and the outlook is brillante based on revised resource estimates. This month Orosur Mining (OMI.TO) announced an upward revision for the San Gregorio deposit thanks to exploration activities under and …

Montevideo Residential Real Estate Prices Post Modest Gains

Patrick Archer average prices, foreign investment, real estate, uruguay

Two months after housing data confirmed the first significant increase in Montevideo average real estate prices in over two years, another study suggests MVD prices are maybe firming up, albeit slightly, across the Uruguay capital. Montevideo Real Estate Prices Rise 6% In 10 Months is the headline of this week’s El Observador analysis of average residential prices in eighteen of the …

Carmelo Waterfront Property For Residential or Mixed-Use Development

Patrick Archer real estate, uruguay

This large waterfront parcel measures over 97.7 acres (39.5 hectares) and features over 2,000 feet (600 meters) of direct waterfront less than two kilometers from the town center of historic Carmelo, Uruguay. The property is easily reached via an access road running from the southwest corner of the parcel to Route 21, the main highway connecting the popular Uruguay coastal …

Montevideo Real Estate Prices Rise After Two Years Of Declines

Patrick Archer average prices, real estate, uruguay

A new survey of average real estate prices in Montevideo reveals prices rose 4.6% in the second half of 2014 marking a much anticipated reversal of two straight years of average price declines. According to the data, compiled by El Observador from a database of 20,000 condominiums throughout the capital city, the average price of a 700 square foot (65 …