Montevideo Residential Real Estate Prices Post Modest Gains

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

Two months after housing data confirmed the first significant increase in Montevideo average real estate prices in over two years, another study suggests MVD prices are maybe firming up, albeit slightly, across the Uruguay capital. Montevideo Real Estate Prices Rise 6% In 10 Months is the headline of this week’s El Observador analysis of average residential prices in eighteen of the …

Another Luxury Hotel Coming To Montevideo’s Punta Carretas

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

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 Pais. The …

Montevideo Ranks #1 For Quality of Life in South America

Patrick Archer arts & entertainment, aruba, competitiveness, culture, global rankings, hotels & casinos, lifestyle, uruguay

Mercer has released the results of their annual Quality of Living survey, and both Montevideo and Buenos Aires find themselves in a familiar place…at the top. The Mercer 2012 Quality of Living Worldwide City Rankings survey 221 global cities using New York as the base city for comparisons. Factors such as internal stability, law enforcement effectiveness, crime levels, medical facilities, infrastructure, public …

How Much Does Real Estate Cost in Montevideo, Uruguay?

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

Average Montevideo real estate prices have risen 79.8% since 2005 with some neighborhoods posting triple-digit gains, according to a new analysis in El Observador. The five-year study of average real estate prices from 2005-2010 focused on 15 Montevideo barrios ranging from Cerro and Prado on the low-end to Pocitos and Punta Carretas on the high-end. While the 79.8% figure applies …