Carmelo, Uruguay Property Values Have Doubled Since 2008

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

Carmelo is emerging as the coastal Uruguay destination of choice for high-net-worth Argentines, and the trend is reflected in a near doubling of land prices since 2008, according to the Uruguay Real Estate Chamber. “Carmelo, A New Center of Attraction For Argentine Investors” is the front page story in today’s BAE Negocios which points to a wave of new construction …