Maldonado, Punta del Este Uruguay Move $7 Million in Real Estate Per Day

Patrick Archer foreign investment, real estate, uruguay

Real estate transactions in the Uruguay state of Maldonando top $7 million dollars a day, according to new data released this week. Marcelo Gallardo of El Pais says a total of US$2.55 billion in real estate deals were closed between April of 2010 and April of 2011. And while projects in Punta del Este account for the bulk of that …

Working in BA and Living in Colonia: The NYC + Hamptons of South America

Patrick Archer foreign investment, lifestyle, real estate, uruguay

An interesting factoid today buried in the final paragraph of an El Pai­s article regarding the strength of the Uruguay real estate market: an average of 10 Argentines per week are moving to Montevideo. Maybe a trickle more than a tidal wave, but a positive trend nonetheless that could reach a tipping point if more Argentines begin to say Basta! to the …