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, …

Punta del Este Real Estate: A Safe Harbor in Times of Crisis

Patrick Archer foreign investment, real estate, uruguay

It happened three years ago during the market panic following the collapse of Lehman Brothers, and it’s happening again during the latest debt downgrade-inspired sell-offs. International investors fed up with uncertainty and triple-digit days on the Dow are plowing their cash into Punta del Este real estate. Just as in 2009, El Observador’s Leonardo Luzzi says Punta is once again …

Real Estate Deals Along Uruguay’s Tango Coast Exceed $1.2 Billion in 2010

Patrick Archer foreign investment, real estate, uruguay

Of all the takeaways gleaned at the 2011 Salon Inmobiliario last week in Punta del Este, we were most impressed by the 2010 summary confirming our long-held belief the smart money is moving north of Punta along the Tango Coast of Uruguay from Maldonado and increasingly into Rocha. One of the highlights of the four-day Real Estate Expo held at …

Trends del Este: Who’s Buying Punta del Este Real Estate Now?

Patrick Archer foreign investment, real estate, uruguay

Argentines, of course, but Cronista says Uruguayans are actually the number one purchasers of real estate in Punta del Este these days. The country’s economic bonanza fueled in part by a stable government encouraging domestic and foreign real estate investment, booming agricultural exports and Uruguay’s new-found status as the regional beef producer. “The economic change that Uruguay is undergoing makes you …

Punta del Este Real Estate Prices Post Strong Gains

Patrick Archer average prices, foreign investment, real estate, uruguay

With less than 60 days remaining before the beginning of High Season, current land and homeowners in Punta del Este will have something else to celebrate as they ring in the New Year: Appreciation. A new study from Uruguay’s Tierras y Proyectos (TyP) shows three important trends in the average price of land in Punta del Este: it started rising …