Hotel Casino Oceania Catches Second Wave As Luxury Condo

Patrick Archer hotels & casinos, real estate, uruguay

A new chapter of life and luxury awaits the Hotel Casino Oceania, another Montevideo landmark with panoramic views of the capital city, the World Trade Center and the winding Rambla below. The nautical-themed building with porthole windows overlooking the beaches of Punta Gorda and Malvin used to be the Hotel Casino Oceania, a popular waterfront destination for Montevideo visitors in …

Carmelo, Uruguay Property Values Have Doubled Since 2008

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

Carmelo is emerging as the coastal Uruguay destination of choice for high-net-worth Argentines, and the trend is reflected in a near doubling of land prices since 2008, according to the Uruguay Real Estate Chamber. “Carmelo, A New Center of Attraction For Argentine Investors” is the front page story in today’s BAE Negocios which points to a wave of new construction …

Neighbors and Nightlife Peacefully Coexist in Punta del Diablo

Patrick Archer aruba, lifestyle, real estate, tourism, uruguay

It’s the coolest beach in Uruguay, so locals are accustomed to the annual influx of twentysomething sunseekers and clubhoppers. But as the crowds have grown larger with each passing summer, so too have the decibels from the beachside boliches. Fortunately a new zoning plan has both Punta del Diablo locals and summer visitors moving at their preferred paces and beats …

Punta del Este Condo Auction Highlights Pent-Up Demand

Patrick Archer real estate, uruguay

When an investor group bought the abandoned Melia Hotel in Punta del Este earlier this month for US$10 million, the new developers talked about the building’s potential for attracting middle class buyers looking for their own private pedacito del este. At closure, the architect speculated small one and two-room units ranging in size from 430-680 feet would fill a void …

Maldonado, Punta del Este Uruguay Move $7 Million in Real Estate Per Day

Patrick Archer foreign investment, real estate, uruguay

Real estate transactions in the Uruguay state of Maldonando top $7 million dollars a day, according to new data released this week. Marcelo Gallardo of El Pais says a total of US$2.55 billion in real estate deals were closed between April of 2010 and April of 2011. And while projects in Punta del Este account for the bulk of that …