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

Patrick Archer competitiveness, creative class, culture, global rankings, lifestyle, uruguay

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 …

Coastal Uruguay Real Estate Sales Exceed US$100 Million a Month

Patrick Archer foreign investment, real estate, uruguay

Coastal real estate in and around Punta del Este continues to be a magnet for foreign investors, and the value of Uruguay homes and apartments sold tops US$100 million per month, according to El Observador. In the most recent twelve-month period examined, properties sold in Maldonado exceeded US$1.4 billion, and in the 28-month period from January 2009 to May 2011, …

Punta del Este Real Estate: A Safe Harbor in Times of Crisis

Patrick Archer foreign investment, real estate, uruguay

It happened three years ago during the market panic following the collapse of Lehman Brothers, and it’s happening again during the latest debt downgrade-inspired sell-offs. International investors fed up with uncertainty and triple-digit days on the Dow are plowing their cash into Punta del Este real estate. Just as in 2009, El Observador’s Leonardo Luzzi says Punta is once again …

Trends del Este: Who’s Buying Punta del Este Real Estate Now?

Patrick Archer foreign investment, real estate, uruguay

Argentines, of course, but Cronista says Uruguayans are actually the number one purchasers of real estate in Punta del Este these days. The country’s economic bonanza fueled in part by a stable government encouraging domestic and foreign real estate investment, booming agricultural exports and Uruguay’s new-found status as the regional beef producer. “The economic change that Uruguay is undergoing makes you …

Punta del Este Preparing For A Tourism Tidal Wave

Patrick Archer foreign investment, tourism, uruguay

“It’s the law: From Christmas until January 15, Punta del Este explodes with people,” writes La Nacion’s Jose Totah in a sweeping preview of Summer 2011 on the beaches of Uruguay. And unlike previous years when the only storyline was, “It’s Summer 20xx and more Argentines are coming than last year,” today’s headlines are A.) The diversity of who’s coming, …