Montevideo Real Estate Prices Post Double-Digit Declines

Patrick Archer average prices, real estate, uruguay

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 which lumps …

Carrasco: The Most Exclusive Neighborhood In Montevideo

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

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 …