Uruguay Selling Argentina Embassy Building In Recoleta

Uruguay will continue the policy of auctioning off high-profile, state-owned properties when it auctions off its embassy in Buenos Aires in June. First it was Punta del Este, then it was New York and now Recoleta is on the auction block. The thirteen-story building is located in Recoleta at the corner of Avenida Las Heras and Ayacucho. Selling points include …

Uruguay Olive Oils Take Home Gold, Silver Medals In NYC

Uruguay took another important step this month in solidifying its status as an agribusiness boutique country with a strong showing at the 2014 New York International Olive Oil Competition (NYIOOC). In fact, tiny Uruguay took home more gold and silver awards than any country in Latin America, according to Olive Oil Times. Olivares de Rocha’s Picual and Blend both earned …

What Are Average Real Estate Prices In Buenos Aires?

[soliloquy id=”19568″] After two years of inactivity due to currency controls, real estate sales are finally picking up again in Buenos Aires. So where are average real estate prices in Buenos Aires today in three of the most popular neighborhoods for tourists and foreign investors? Prices Have Fallen Up To 20% & The Real Estate Market Shows Signs Of Life is the …

Uruguay Courting Qatar Airways, Port & Agribusiness Investments

[soliloquy id=”19553″] Uruguay officials are traveling to Qatar this week with several proposals in hand in hopes of strengthening ties with the Middle East state and encouraging more Qatari investment in Uruguay. The first proposal, adding Qatar Airways flights to Montevideo, will probably be implemented the quickest considering the priority of adding new international routes at Carrasco International. “We view …

US$2 Billion Highway Tunnel Below Puerto Madero Could Open In 2016

A proposed highway tunnel below Puerto Madero could bridge northern and southern auto corridors, alleviate downtown Buenos Aires traffic and spark a new wave of downtown real estate development. If approved, boring machines could begin carving the 2.5 kilometer underground tunnel this year which would connect three major downtown highways by mid-2016 if the project receives both municipal and federal …