Another Luxury Hotel Coming To Montevideo’s Punta Carretas

[soliloquy id=”20286″] A new luxury hotel will soon open in Punta Carretas, the most expensive neighborhood per square meter in Montevideo and no stranger to new hotel construction in recent years. The Oliva Luxury will be a 30-key, five-star boutique hotel with guest amenities including a restaurant, spa, fitness center, conference room, coffee shop and cigar lounge, according to El …

Montevideo Real Estate Prices Post Double-Digit Declines

[soliloquy id=”20087″] Montevideo real estate prices peaked in the second half of 2013 and have fallen significantly in non-coastal neighborhoods this year, according to a new survey of average prices. Since the 2013 peak, the average price of residential real estate in Montevideo has fallen 11% to US$1,542 per square meter (US$143 per square foot) according to the Valora analysis …

BASF Chooses Uruguay For New Financial Service Center

[soliloquy id=”19922″] BASF has chosen Uruguay as the destination for a new regional financial services center and plans to be fully operational in Montevideo’s World Trade Center by 2016. After spending a year looking for the perfect location to combine North and South America service centers, BASF (BAS.DE) chose Uruguay for its stability, transparency and skilled workforce. According to the company, “Montevideo was …

Montevideo Bumps Buenos Aires For South America’s Best Quality Of Life

Buenos Aires and Montevideo usually take top honors as the best cities in South America in Mercer’s annual Quality of Living Worldwide City Rankings, and 2014 was no different although Montevideo nudged BA for the top spot. The Mercer Index which is designed to help multinational companies compensate employees fairly when placing them on international assignments takes into account a wide …

The Economist Names Uruguay “Country Of The Year”

It’s been a wonderful year of triumphs and international accolades for tiny Uruguay. From the most transparent to the least corrupt to the cultural capital and best quality of life in Latin America, it would be hard to top the superlatives bestowed upon the ROU in 2013. Now the editorial board of The Economist is naming Uruguay its “Country of the …