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. …

Despite Slowdown Abroad, Record Tourism Arrivals, Spending in Argentina

Patrick Archer foreign investment, lifestyle, tourism, uruguay

More positive tourism data today on both sides of the River Plate validating the growing attraction of Argentina and Uruguay as a safe, affordable refuge despite economic weakness playing out on other continents. Not only are foreign visitors coming in greater numbers, they are staying longer and spending more. Newly released tourism numbers for Argentina reveal over 220,000 international passenger …

New York Times: Colonia Real Estate Attracting More Foreign Investors

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

Lionel Messi (“the little man in the orange shoes”) and the Argentine Seleccion were showered with compliments this morning by The New York Times for their performance last night in New Jersey, but Uruguay also received its fair share of praise this week. Cesar Barrios of La Republica tells Uruguay readers that Colonia was just featured in a Times article …

Punta del Este Preparing For A Tourism Tidal Wave

Patrick Archer foreign investment, tourism, uruguay

“It’s the law: From Christmas until January 15, Punta del Este explodes with people,” writes La Nacion’s Jose Totah in a sweeping preview of Summer 2011 on the beaches of Uruguay. And unlike previous years when the only storyline was, “It’s Summer 20xx and more Argentines are coming than last year,” today’s headlines are A.) The diversity of who’s coming, …