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. …

Colonia Emerging As A Year-Round Tourist Destination

Patrick Archer aruba, hotels & casinos, lifestyle, real estate, tourism, uruguay

The cobblestone streets, 17th century architecture and beautiful sunsets that characterize Colonia del Sacramento have always lured Argentines and international tourists in Buenos Aires across the river for a weekend stay. But now Colonia is turning into a year-round destination, and the same qualities that attracted the Portuguese back in 1680 are luring a new generation of real estate investors and …