SIMA 2012: VP Astori Tells Spaniards “Uruguay Safe, Profitable For Investors”

sima 2012 madrid

Uruguay real estate markets like Punta del Este took center stage at SIMA 2012 in Madrid.

Uruguay real estate and investment opportunities took center stage this weekend in Madrid at the annual International Real Estate Expo, SIMA.

Unlike two years ago when there was very little to celebrate, this year’s expo exceeded expectations in terms of attendees, participating foreign countries and real estate developments on display. Over 400 residential projects were featured from countries like the Dominican Republic, Mexico, Russia and the United States.

As this year’s “Invited Country,” Uruguay was able to showcase the country’s natural beauty and the macroeconomic variables which make it an ideal destination for investing and buying or selling real estate. Uruguay Vice President Danilo Astori spoke to the SIMA attendees about these advantages and emphasized the country’s open door policy to foreign investment.

“Uruguay is here to present the features that make it an attractive country for foreign investment including its macroeconomic stability, the strength of its financial and government institutions and the important stimulus incentives that we are making available for foreign investors,” Astori told Spanish news agency EFE.

In addition to Uruguay real estate, Astori encouraged SIMA attendees to consider opportunities and government incentives being offered in Uruguay’s energy, infrastructure and tourism sectors. (Full Story in Spanish)

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