HNW Argentines Shift Billions To Colonia Banks & Real Estate

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

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 Carmelo where property values are soaring and Nueva Palmira, the most important departure point for Uruguay agricultural exports. The number of Argentines opening new bank …

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 …

BA, Montevideo Among Top 10 Latin American Hotspots

Patrick Archer aruba, buenos aires events, competitiveness, foreign investment, global rankings, hotels & casinos, tourism, uruguay, us companies

MasterCard released their annual Global Destination Cities Index today, and both Buenos Aires and Montevideo rank among the Top 10 Destination Cities in Latin America. The third annual ranking and forecast of international visitor arrivals and expenditures in 132 cities worldwide predicts the Top 10 Latin American destination cities will receive 15.4 million international visitors in 2013. By city, the Top …

Charming Colonia Is Uruguay’s Fastest-Growing Safe Deposit Box

Patrick Archer aruba, foreign investment, hotels & casinos, real estate, tourism, uruguay

The surge in Argentine bank deposits in Uruguay made front page news last week and should come as a surprise to no one who has followed the impact of Argentine currency controls on everything from new construction to existing property sales to outbound tourism. The surprising part of the story is exactly where those funds are being deposited in Uruguay. …

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 …