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 …

Working in BA and Living in Colonia: The NYC + Hamptons of South America

Patrick Archer foreign investment, lifestyle, real estate, uruguay

An interesting factoid today buried in the final paragraph of an El Pai­s article regarding the strength of the Uruguay real estate market: an average of 10 Argentines per week are moving to Montevideo. Maybe a trickle more than a tidal wave, but a positive trend nonetheless that could reach a tipping point if more Argentines begin to say Basta! to the …

New York Times: Colonia Real Estate Attracting More Foreign Investors

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

Lionel Messi (“the little man in the orange shoes”) and the Argentine Seleccion were showered with compliments this morning by The New York Times for their performance last night in New Jersey, but Uruguay also received its fair share of praise this week. Cesar Barrios of La Republica tells Uruguay readers that Colonia was just featured in a Times article …

Uruguay Estancias Around Colonia Attracting More Foreign Buyers

Patrick Archer creative class, lifestyle, real estate, tourism, uruguay

“Summertime…and the living is easy.” That’s what The Guardian’s Lucy Gilmore discovered during her recent trip to Uruguay. Gilmore visited some of the hidden gems of the Tango Coast including the port town of Colonia del Sacramento and some beautiful renovated estancias just a few kilometers inland. The estancias, which date back to the 1880’s, are finding new life as …