Punta del Este New Construction & Average Prices Cooling Off

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

New residential construction and average condominium prices in Punta del Este are cooling off after a decade of blistering growth, according to new survey of real estate trends in el mercado esteño. Reporte Inmobiliario’s 9th Annual Survey of Punta del Este Real Estate Prices shows real estate prices only rose 1.53% in 2013, average prices have settled at US$4,000 per m2 …

New Video Cameras Make Montevideo Safer For Toursits

Patrick Archer real estate, technology, tourism, uruguay, visionaries

The Ciudad Vieja, Montevideo’s downtown historic district is full of beautiful plazas, classic architecture and tourist favorites like the Mercado del Puerto and the Teatro Solis. Unfortunately, it’s also become a magnet for pickpockets looking to take advantage of the thousands of tourists who arrive daily at the Port of Montevideo. Now the City of Montevideo is taking a high-tech …

VanityBA: What Are The Ugliest Buildings In Buenos Aires?

Patrick Archer buenos aires events, lifestyle, real estate, vanityba

As Latin American cities go, Buenos Aires has some beautiful French and Italian-inspired buildings with styles ranging from Neoclassical to Art Deco to Art Nouveau. It also has some hideous high-rises. So when readers of Clarin’s architectural supplement, ARQ, were asked to name the ugliest buildings in Buenos Aires, it’s not surprising that three of the top four were office …

HNW Argentines Shift Billions To Colonia Banks & Real Estate

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

Punta del Este might be losing its luster for high net worth Argentines, but that doesn’t mean they’re giving up on Uruguay. Al contrario.  Bank deposits and real estate investments in the Department of Colonia are surging, according to an article in today’s iProfesional. The Department of Colonia encompasses the historic port city of Colonia del Sacramento, the town of …

VanityBA: Behold The “De-Argentinazation” Of Punta del Este

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

It’s the most colorful and accurate term to describe a major shift in local real estate markets since pesoficación, and this eight-syllable beauty is the hottest summer trend since political correctness rocked Mar del Plata’s backside. Desargentinización is how La Nacion’s Javier Navia describes the dwindling presence of Argentines on the Uruguay coast this summer, a trend first set in …