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 pesoficaci√≥n, and this eight-syllable beauty is the hottest summer trend since political correctness rocked Mar del Plata’s backside. Desargentinizaci√≥n is how La Nacion’s Javier Navia describes the dwindling presence of Argentines on the Uruguay coast this summer, a trend first set in …

The Summer of Strange & Super Luxury In Punta del Este

Patrick Archer arts & entertainment, aruba, hotels & casinos, lifestyle, tourism, uruguay

“Not bad. Not good. Strange.” That’s how Punta del Este hotel and property owners describe Summer 2013 to Ambito’s Leandro Ferreyra. The strange part is the fact that middle class reservations are down 30% due to Argentine currency controls; however, the most luxurious 4 and 5-star hotels and the most exclusive Punta del Este rental properties are all booked solid. …

Trump Tower Punta del Este Scheduled Completion Date Is 2017

Patrick Archer aruba, foreign investment, lifestyle, real estate, uruguay

725 Fifth Avenue, 401 North Wabash, 15800 Collins and now the Rambla Lorenzo Batlle Pacheco. Punta del Este will soon join an elite club of global destinations like NYC, Chicago and Miami with a Trump Tower. Trump Tower Punta del Este was announced yesterday and, as one might expect from a project associated with the legendary Donald J. Trump, the …

Brazilians Bought 55% More Punta del Este Real Estate Last Year

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

It’s no secret that Brazil’s upper middle class saved the Florida real estate market. When the US housing bubble burst in 2007 and real estate prices tanked, Brazilians snatched up tens of thousands of condo bargains in downtown Miami and Orlando, their two favorite places to vacation outside of Brazil. Now with Argentines beginning to pull back on their purchase …