More North Americans, Europeans Investing in Uruguay Farmland

Patrick Archer agribusiness, foreign investment, real estate, uruguay

The sale of farms is on the rise in Uruguay, and a new wave of investors primarily from the US and Europe are doing the buying, according to a new report in El Pai­s. Pablo Beson describes the buyer profile as individual investors drawn to agribusiness investments in Uruguay as a safe harbor for their money, a stable investment alternative …

A 14 Barrio Breakdown of Buenos Aires Real Estate Prices

Patrick Archer average prices, buenos aires events, real estate

Today we follow-up last week’s post regarding average real estate prices in Buenos Aires with a more detailed breakdown of average prices for new and used residential properties in 14 Buenos Aires neighborhoods. Puerto Madero remains the most expensive neighborhood in Capital Federal for both new and used construction at US$371 and US$345 per square foot, respectively. These averages put …

Bid Process Underway for New Punta del Este Convention Center

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

A Uruguay public sector trust officially opened up the bid process this week for the construction of the new Punta del Este Expo & Convention Center. Two dozen developer groups expressed interest when the project was announced earlier this year. As envisioned, the facility will be a seven-building complex built on a 12 acre parcel north of town next to …

Rising Tide: Piriapolis Begins to Attract More Foreign Investors

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

From Chicago to Cordoba, Medelli­n to Montreal and Rio to Quito; there is a long list of famous second cities in the Western Hemisphere. When it comes to Uruguay tourism destinations, Punta del Este may be the primera playa, but the second city of Piriapolis is beginning to attract more foreign investors thanks to a new strategic marketing campaign. APROTUR, …

Foreigners Own The Land Equivalent of New Jersey in Argentina

Patrick Archer foreign investment, real estate

Or El Salvador as the local press is spinning it, which is pretty insignificant either way you look at it. New Jersey is the fifth smallest state in the U.S. and El Salvador is 600 square miles smaller than the Garden State. The news comes on the eve of the deadline for foreign investors to declare their Argentine land holdings, …