Punta del Este Real Estate Prices Fall For Third Consecutive Year

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

Average real estate prices in Punta del Este have fallen for the third consecutive year, and local real estate offices are closing as more owners turn to non-traditional channels for renting their coastal properties. The tenth annual survey of new construction prices in Punta del Este shows average prices are down 7.6% compared to last year for residential towers and …

Abandoned Punta Condo Sells At Auction For US$1.98 Million

Patrick Archer aruba, foreign investment, real estate, uruguay

Call it the last of a generation. Or the last of a bunch of abandoned high-rise projects that came out of the ground 35 years ago but never reached completion, because of the 1982 financial crisis. They are “The Skeletons of ’82,” says El Pais’ Marcelo Gallardo. For over three decades they’ve loomed over Punta del Este beaches and boulevards …

Trump Tower Punta del Este Scheduled Completion Date Is 2017

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

725 Fifth Avenue, 401 North Wabash, 15800 Collins and now the Rambla Lorenzo Batlle Pacheco. Punta del Este will soon join an elite club of global destinations like NYC, Chicago and Miami with a Trump Tower. Trump Tower Punta del Este was announced yesterday and, as one might expect from a project associated with the legendary Donald J. Trump, the …

Prime Punta del Este Parcel Coming To Auction

Patrick Archer foreign investment, real estate, uruguay

One of the most coveted parcels in Punta del Este is coming to the auction block next month, and the announcement will certainly attract multiple foreign investor groups. Land sales in and around Maldonado are nothing new, but the size and location of this particular parcel makes it extremely valuable. According to Marcelo Gallardo of El Pais, the parcel in …