Colonia Real Estate Soars Thanks To Uruguay Workers & Foreign Visitors

Patrick Archer aruba, foreign investment, real estate, uruguay

Rental rates for homes and apartments in Colonia del Sacramento are reaching record heights, according to a new article from Eduardo Barreneche and Pedro Calvijo of El Pais. The construction of Montes del Plata’s US$2 billion paper mill in the northern Colonia town of Conchillas has prompted an influx of thousands of employees living in Colonia del Sacramento and Carmelo. …

Argentines Form Offshore Companies to Buy Uruguay Real Estate Anonymously

Patrick Archer aruba, foreign investment, real estate, uruguay

It’s been another amazing week here in Uruguay. First, the Colonia Golf Expo 2012, then site visits and broker meetings in Montevideo. Now, comfortably back in the friendly confines of Maldonado, it’s incredible to see the progress of so many new luxury developments here in Punta del Este. The pace of construction is so much faster than in Buenos Aires, …

Real Estate Opportunities Abound in Montevideo’s Ciudad Vieja

Patrick Archer real estate, uruguay

While Buenos Aires is the preferred regional destination for many foreign real estate investors, Margaret Summerfield takes NuWire Investor readers on a quick trip across the River Plate to beautiful Montevideo. Summerfield rents an apartment inCiudad Vieja, a picturesque historic zone of Montevideo she describes as “an up-and-coming area for overseas property buyers.” Summerfield lives in and has renovated properties in …