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 …

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 …

Real Estate Deals Along Uruguay’s Tango Coast Exceed $1.2 Billion in 2010

Patrick Archer foreign investment, real estate, uruguay

Of all the takeaways gleaned at the 2011 Salon Inmobiliario last week in Punta del Este, we were most impressed by the 2010 summary confirming our long-held belief the smart money is moving north of Punta along the Tango Coast of Uruguay from Maldonado and increasingly into Rocha. One of the highlights of the four-day Real Estate Expo held at …

Punta del Este Real Estate Prices Post Strong Gains

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

With less than 60 days remaining before the beginning of High Season, current land and homeowners in Punta del Este will have something else to celebrate as they ring in the New Year: Appreciation. A new study from Uruguay’s Tierras y Proyectos (TyP) shows three important trends in the average price of land in Punta del Este: it started rising …