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 …

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 …

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 …