Punta del Este Real Estate Prices Fall For Third Consecutive Year

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

Average real estate prices in Punta del Este have fallen for the third consecutive year, and local real estate offices are closing as more owners turn to non-traditional channels for renting their coastal properties. The tenth annual survey of new construction prices in Punta del Este shows average prices are down 7.6% compared to last year for residential towers and …

Green Gold Bringing Investors & Tourists To Uruguay Olive Trail

Patrick Archer agribusiness, foreign investment, lifestyle, real estate, tourism, uruguay, wine & vineyards

The Uruguay olive trail gained some Extra Virgin credibility in 2013 when it became only the second country in the Southern Hemisphere to join the prestigious International Olive Council. Now foreign investors and tourists are beginning to take note. Oro Verde (Green Gold) is the title of an El Pais feature article showcasing the growing number of plantations along Uruguay’s …

Garzon Lake Bridge Construction Will Begin In March

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

It’s not the biggest infrastructure project in Uruguay, but it has tremendous potential to transform the flow of travelers and tourism dollars up and down the country’s beautiful eastern seaboard. The impact on Rocha real estate values will be equally important. Announced and postponed more times than we care to remember, it appears the bridge spanning the Garzon Lake will …

Punta del Este Convention Center Bid Process Opens…Again

Patrick Archer competitiveness, foreign investment, hotels & casinos, tourism, uruguay

Perhaps the third time will be the charm for Punta del Este. Eighteen months after the first of two failed bid processes commenced seeking construction and management teams for a new Convention Center, a third bid process is underway. “Until the bid is awarded, until it begins and finishes and we hand the key to the management company and we …

VanityBA: Gorgeous Uruguay Lands On The Cover of Vogue

Patrick Archer arts & entertainment, lifestyle, uruguay, vanityba

In the world of fashion, you know you’ve made it when you land on the cover of Vogue, so the new issue is some serious Manhattan validation for one gorgeous rising star…Uruguay. Vogue chose Uruguay as the background for the May issue with celebrated fashion photographer Mario Testino capturing the natural beauty of Uruguay, a polo match, the rolling hills …