Buenos Aires Real Estate

Montevideo, the capital of Uruguay, is the perfect city to spend a long weekend. The city sits on the Atlantic coast and boasts some beautiful, sandy beaches, so you can enjoy all the sights and sounds of a capital city then relax on the beach. The high season for tourism in Uruguay is from December to March (during the summer months), when thousands flock to the resorts along the Uruguayan coastline. This year’s season that has just finished and it has revealed some interesting changes to the patterns of tourism and investment. The Uruguayan market has become more opened up to the international market this year.

One of the nations showing an interest in Uruguayan real estate is Brazil. More and more Brazilians are dipping their toes into the Uruguayan market by investing in real estate here. The recent success of the Brazilian economy has blessed property buyers with the means to buy some of the high-end lots that are on sale on the Uruguayan coast, particularly in the exclusive coastal resort: Punta del Este.

Europeans too are showing more interest in real estate in Uruguay, making the most of the favourable Euro/Uruguyan peso exchange rate. With the recent instability in the European real estate industry it’s no wonder that many are investing in property in Uruguay. Another interesting development in the Uruguay real estate market is that the figures show that more Uruguayans are buying property in their native country, something that just a couple of years ago was unheard of. The economic stability of Uruguay in recent years and the introduction of mortgage schemes for nationals have resulted in the interest of investment along the coast.

It isn’t just Montevideo and Punta del Este that are experiencing an increase in real estate activity, but Colonia, a tiny riverside town that is popular with tourists doing a day trip from Buenos Aires, is also seeing growth. Buenos Aires Real Estate predicts that Colonia is going to get a lot of investment in the coming years. The Uruguay real estate projects that are underway along the Uruguay coast are generally of an extremely high quality. The seaside resorts here attract jetsetters and celebrities, so investors play to this market. One example is the Las Piedras, Villas and Hotel Fasano in Punta del Este. 84% of lots in this luxury hotel and residency complex sold in just twenty days and a one to four bedroom villa here costs between $ 750,000 and two million dollars. The international interest shows that buying real estate in Uruguay is a sound investment for the future.