Why Invest In Uruguay? Foreigners Offer 2.775 Billion Reasons

Patrick Archer agribusiness, competitiveness, foreign investment, global rankings, real estate, uruguay

Foreign direct investment (FDI) in Uruguay has surged fourteen times over the past decade, and Uruguay FDI as a percentage of GDP is one of the three highest rates in Latin America. The new numbers released by Uruguay XXI show FDI in Uruguay has risen from a mere US$194 million in 2002 to three consecutive years of inflows exceeding US$2 …

Trump Tower Punta del Este Scheduled Completion Date Is 2017

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

725 Fifth Avenue, 401 North Wabash, 15800 Collins and now the Rambla Lorenzo Batlle Pacheco. Punta del Este will soon join an elite club of global destinations like NYC, Chicago and Miami with a Trump Tower. Trump Tower Punta del Este was announced yesterday and, as one might expect from a project associated with the legendary Donald J. Trump, the …

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 …

Montevideo’s Hotel Shortage, Architectural Gems Attract Investors

Patrick Archer foreign investment, hotels & casinos, real estate, tourism, uruguay

It’s no secret that Montevideo’s hotel inventory is woefully inadequate and outdated for a city that is, as the Wall Street Journal said, Having Its Moment. Montevideo hotel rooms are so old… How old are they? Montevideo hotel rooms are so old, they are more likely to be discovered by archaeologists doing excavation work. Actually, this is not a joke. In …

Coastal Uruguay Real Estate Sales Exceed US$100 Million a Month

Patrick Archer foreign investment, real estate, uruguay

Coastal real estate in and around Punta del Este continues to be a magnet for foreign investors, and the value of Uruguay homes and apartments sold tops US$100 million per month, according to El Observador. In the most recent twelve-month period examined, properties sold in Maldonado exceeded US$1.4 billion, and in the 28-month period from January 2009 to May 2011, …