Montevideo Real Estate Prices Post Double-Digit Declines

[soliloquy id=”20087″] Montevideo real estate prices peaked in the second half of 2013 and have fallen significantly in non-coastal neighborhoods this year, according to a new survey of average prices. Since the 2013 peak, the average price of residential real estate in Montevideo has fallen 11% to US$1,542 per square meter (US$143 per square foot) according to the Valora analysis …

Montevideo Real Estate Rental Demand, Prices Remain Firm

“The demand and the market remain firm. There hasn’t been a drop in rental rates nor a decrease in sales prices,” is the lead quote in today’s analysis of the Montevideo rental market in El Observador. As usual, the typical January/February slowdown in Uruguay rental market activity among families and working professionals was offset by college students in the interior …

Sofitel Casino Carrasco Opening Postponed Until March 2013

It’s one of the most highly anticipated hotel grand openings in South America, and the anticipation will only grow now that it is being postponed for a fifth time. March, July, September, November and December 15 were the five most recent grand opening dates given for the new Sofitel Casino Carrasco, and the Sofitel website still hypes a Grand Opening …

Carrasco: The Most Exclusive Neighborhood In Montevideo

When the Hotel Carrasco opens in Montevideo later this year, it will mark the triumphant end of a painstaking US$22 million restoration for one of Uruguay’s most beautiful landmarks. And while the entire basement of the hotel will become a state-of-the-art casino, El Pais’ Andres Lopez Reilly says the real betting has taken place in the neighborhood of Carrasco. The …

How Much Does Real Estate Cost in Montevideo, Uruguay?

Average Montevideo real estate prices have risen 79.8% since 2005 with some neighborhoods posting triple-digit gains, according to a new analysis in El Observador. The five-year study of average real estate prices from 2005-2010 focused on 15 Montevideo barrios ranging from Cerro and Prado on the low-end to Pocitos and Punta Carretas on the high-end. While the 79.8% figure applies …