For over a decade, Punta del Este, Uruguay has been a preferred retreat for many of the rich and famous. This prestigious international seaside resort continues to grow despite the difficult financial times facing the rest of the world. Construction developers and property investors are attracted by the legal, financial and institutional stability Uruguay offers.
Punta del Este offers a wonderful climate, friendly people, a beautiful marina, luxurious accomodations, fine restaurants and splendid beaches. It’s no wonder Punta del Este continues to draw new real estate projects. Some of these projects are being developed by companies which are now operating on both coasts of the Río de la Plata, in Argentina and Uruguay.
One such development project is Blue Bird, currently under construction in Playa Brava at Parada 31. Approximately US$ 15 million will be invested in this project. The apartment structure will have thirty-two units divided in two modules, each with sixteen apartments. The two and three bedroom penthouses will measure between 131 and 311 square meters. Apartment units will be sold at 314,000 USD to 789,000 USD.
Delamar is another development located on Route 10 in the vicinity of the bridge La Barra. This project required an investment of 18 million USD. Apartments are selling for
3,000 USD the square meter and ready for occupancy
Some developers compare Punta del Este to the French Riviera when they describe it as a tourist destination catering to those with very high income levels. As such, there are many wealthy people who have invested in this seaside resort.