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 …

Maldonado, Punta del Este Uruguay Move $7 Million in Real Estate Per Day

Patrick Archer foreign investment, real estate, uruguay

Real estate transactions in the Uruguay state of Maldonando top $7 million dollars a day, according to new data released this week. Marcelo Gallardo of El Pais says a total of US$2.55 billion in real estate deals were closed between April of 2010 and April of 2011. And while projects in Punta del Este account for the bulk of that …