Excellent Real Estate and Property in Uruguay
You will be able to find and purchase real estate in Uruguay that is both enchanting and economical
Whether you’re exploring the Uruguay real estate market for a home you can move into full-time…a vacation retreat you can visit a few weeks or months a year…a beachfront lot you hope to resell at a profit…or your own slice of sand where you’ll build your dream home…you can find it in Uruguay. And it’s perfectly legal to buy.
In 2005, there were more than 650,000 square meters approved for property development in Uruguay. It is estimated that half of these new properties were purchased by either European or American buyers who discovered the wonders of this country over the last few years and wished to take advantage of the low prices, numerous facilities, and the beautiful coastline with stunning beaches.
Due to the stability factors and overall economic situation of the country, the last few years have seen a major real estate boom in Uruguay, mainly concentrated in the cities of Montevideo and Punta del Este.
Uruguay’s Real Estate Hot-spots
If big-city living is for you, Montevideo is likely to be your favorite place in Uruguay. You can spend weeks exploring the city, and never get tired of enjoying its shady parks and sycamore-lined streets, eating in its sophisticated restaurants, bistros, and sidewalk cafés, or browsing in the artisan markets, antique shops, and bookstores. Or how about a walk around Plaza Fabini and Plaza Cagancha, which often have musicians playing tango or residents perfecting their tango skills to a local band or music box. After a few days in Montevideo it is easy to fall into its rhythm, sitting at a sidewalk café while reading the paper and watching the world go by.
The city has it all in regards to culture and convenience. TeatroSolís is a magnificently restored old-world theater, serving as a venue for some of the most famous theater groups and orchestras in the world. There are numerous schools of dance, music, and art. The city is home to 35 radio stations, various TV channels, and it has good cable TV and high-speed Internet services.
Property samples in Montevideo:
- Overlooking the center of Plaza Independencia, in Montevideo’s old quarter of CiudadVieja, is a four-bedroom and two-bathroom apartment. The building is from the 1920’s with the original marble foyer and ornate iron elevator. Price: $115,000.
- In Centro area of the city, on Plaza Entrevero, in the historic Zitarrosa building, there’s a three-bedroom, two-bathroom apartment which still has all the style of the 1920’s when it was built. It has amazing views from the eighth floor and needs some cosmetic repairs only. Price: $108,000.
Punta del Este
Punta del Este is one of South America’s premier seaside resorts, and its beautiful beaches, dazzling casinos, world-class restaurants, and upscale shops have kept people coming from around the world for almost a century, earning it the title of the Saint Tropez of South America.
One of the continent’s most glamorous resorts, it’s often host to jazz and film festivals, rodeos, fashion shows on the beach, and major conferences, as well as visitors that include international celebrities, European royalty, and Brazilian and Argentine politicians and jet-setters.
After losing some of its shine during the 1990s, Punta del Este—traditionally known as “the Pearl of the Atlantic” has reinvented itself once again. Its new image as South America’s premier all-purpose vacation spot, with attractions for everyone from lounge-music fans and families with small children to sport fishermen, gamblers, and sun worshipers is paying dividends.
The streets and the city are as clean and appealing up close as they are from miles away, and the beaches are well maintained and spotless. It seems crime-free, and is completely devoid of the panhandlers you might expect in a Latin American city of this size. And it’s a place that oozes with class, from the fine upscale shops and boutiques to the world-class restaurants, and dazzling casinos. And the cost of being here isn’t as high as you might think, considering the posh surroundings.
The great attraction of this city is the broad range of choice it offers visitors. Choose from simple inns to deluxe international hotel chains; local family-style dining to gourmet international cuisine; international theater to jazz festivals; and major sport competitions, such as tennis or polo. There is always something to do in Punta del Este, day or night.
Uruguay Real Estate: Property samples in Punta del Este:
- An 860-square-foot house, with three bedrooms and two bathrooms, less than 300 yards from the water at Punta Ballena (the beginning of Punta del Este as you approach it from Montevideo). Built in 2000, it needs a little TLC and decorating but is being sold furnished. Price: $85,000.
- In the Pinares neighborhood, there’s a charming thatched roof house with nearly 1,200 square feet of living space. It’s in good condition, with two bedrooms, two bathrooms, and a separate guest apartment. It also comes furnished. Price: $114,450.
Uruguay has a lifestyle and a region for everyone, depending on what you’re looking for in the way of a new life abroad. Whether you want to live downtown in a world capital, in the heart of an old colonial city, or on a sprawling ranch in the heartlands, you can be sure that Uruguay has a place for you.
*Prices as of 2013
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