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 …

Punta del Este Bracing For Another Slow Summer Season

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

With only three months to go before summer, Punta del Este hotels, restaurants and real estate brokerages are bracing for the third consecutive season of fewer visitors and declining tourism revenue. Punta del Este Threatened By The Perfect Storm is the headline of Marcelo Gallardo’s analysis in today’s El Pais which predicts the 2014/15 summer season will be worse than …

Latin America’s First Airline University Could Land In Punta del Este

Patrick Archer competitiveness, foreign investment, real estate, tourism, uruguay, visionaries

Uruguay is moving forward with plans to build Latin America’s first airline university in Punta del Este. More details emerged this week about the ambitious project which will be sold as a public-private initiative. Rumors of the planned facility surfaced last month when Uruguay representatives flew to Qatar to encourage more Qatari investment in Uruguay. Qatar Airways is expected to initiate …

Punta del Este New Construction & Average Prices Cooling Off

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

New residential construction and average condominium prices in Punta del Este are cooling off after a decade of blistering growth, according to new survey of real estate trends in el mercado esteño. Reporte Inmobiliario’s 9th Annual Survey of Punta del Este Real Estate Prices shows real estate prices only rose 1.53% in 2013, average prices have settled at US$4,000 per m2 …

VanityBA: Behold The “De-Argentinazation” Of Punta del Este

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

It’s the most colorful and accurate term to describe a major shift in local real estate markets since pesoficación, and this eight-syllable beauty is the hottest summer trend since political correctness rocked Mar del Plata’s backside. Desargentinización is how La Nacion’s Javier Navia describes the dwindling presence of Argentines on the Uruguay coast this summer, a trend first set in …