New Report Sheds Light On Montevideo Real Estate Prices

The average price of Montevideo residential properties for sale rose 9% last year while properties for rent climbed 7%, according to a new report from a local consulting firm, Valora. The report says the average price per square foot for Montevideo condominiums is US$190 with prices as low as $111 per square foot in barrios like Goes, La Comercial and …

Foreign Groups Firing Up Uruguay Solar Farm Investments

Uruguay opened a new chapter of renewable energy promotion this week, and foreign investors are jumping at the chance to bring their expertise and technology to the country’s nascent solar power sector. On Monday, the state-owned power company, UTE, opened a request for proposals from investors interested in building solar farms in Uruguay, and offers for 83% of the total …

Buquebus Awaiting Approval For New Montevideo Megaport

An ambitious new megaport project in Montevideo which received municipal approval three years ago is still awaiting approval from the National Port Authority (ANP). According to El Pais, the phenomenal growth in the number of ships arriving in the Port of Montevideo in recent years prompted Buquebus to search for undeveloped parcels where the ferry operator could build a new …

Uruguay The #1 Market For Argentina Franchise Expansion

When the most popular Argentine franchises are ready to export their business model, they don’t have to look much further than across the River Plate. According to a report shared at the 2013 International Franchise Fair in Montevideo (FIFU), Uruguay is the number one foreign destination for Argentina-based franchises. The number of Argentina-based franchises in Uruguay is up 35% over …

BA, Montevideo Among Top 10 Latin American Hotspots

MasterCard released their annual Global Destination Cities Index today, and both Buenos Aires and Montevideo rank among the Top 10 Destination Cities in Latin America. The third annual ranking and forecast of international visitor arrivals and expenditures in 132 cities worldwide predicts the Top 10 Latin American destination cities will receive 15.4 million international visitors in 2013. By city, the Top …