Believe it or not, you can still find a nice condo in a coveted Punta del Este neighborhood for less than $150,000. There’s a secret to buying affordably here. And it’s simple. Folks from North America determine a property’s value by three factors: location, location, location. But in Punta del Este’s condo market, a property’s location is less important.
Uruguay offers many options for those moving to the country, or simply investing in a property. Coastal cities, raw beachfront, colonial towns and farmland, both for those who seek the farm lifestyle, or those wishing to invest in a rising asset class.
Heard the news about Uruguay? I’m Dan Prescher and today I’m talking to a guy that you should know if Uruguay is on your radar screen. Juan Fischer is managing partner at the law firm of Fischer & Schickendantz, and what he doesn’t know about residency, tax, and investment in Uruguay probably isn’t worth knowing.
Uruguay offers many options for those moving to the country, or simply investing in a property. Coastal cities, raw beachfront, colonial towns and farmland, both for those who seek the farm lifestyle, or those wishing to invest in a rising asset class.
Uruguay offers many options for those moving to the country, or simply investing in a property. Coastal cities, raw beachfront, colonial towns and farmland, both for those who seek the farm lifestyle, or those wishing to invest in a rising asset class.
There’s even more to Uruguay than beautiful beaches, attractive riverside towns, vibrant capital, friendly people, and profitable property investments. If you’re looking for an environment where your money is safe, you and your family can feel secure, and taxes are low, this country should be on your short list.
I moved to Uruguay full-time in 2006. And since then I’ve explored more than a dozen different countries, from Spain to Argentina. I’ve lived in Brazil, have a second home in Colombia, and bought property in Nicaragua. Yet Uruguay is where I call home; and I can’t think of a better place to be right now. The lifestyle is unbeatable, and the cost of living and of properties is reasonable.
The Uruguayan seaside town of Carmelo is a popular resort and boating center, situated next to one of Uruguay’s great wine-producing regions. It stands out because it’s the country’s lowest-cost resort option…with respect to cost of living as well as properties.
A deserted beach that feels remote…yet isn’t… A beach where, beyond the breaking waves, white foam caps skim along the deep blue ocean. On land, a steady breeze rustles through the dune grasses…white clouds drift by and flocks of birds swoosh down, fishing along the coast. That’s what you’ll found in Rocha, Uruguay.
Punta del Este is the top destination in Uruguay. Rock stars and billionaire fashion moguls vacation there. Pop starlets keep a summer home to “snowbird” the North American winter.
In the Uruguayan Department of Rocha, waves crash from the blue sea onto the wide, white sands. Small, rolling dunes…like you would see on Nantucket (off Cape Cod) separate the beach from gently rolling hills.
The city of Colonia is one of the best places in Uruguay for year-round living. In fact, when I originally visited Uruguay, it was my first choice for a second home.
Colonia is probably the most convenient and attractive town in Uruguay. I always enjoy strolling along its wide, lazy river and watching the sun set over the peaceful marina.
Uruguay is on a roll. Both the economy…and the real estate market. New condos in Punta del Este, the country’s premier beach resort, now average $3,000 a square meter (that’s $300,000 for a 1,000-square-foot condo). But travel a little farther along the coast east from Punta, and your property dollars will go much further.
In this video, Dan Prescher reports from Panama with your weekly wrap-up of International Living postcards for the week ending April 16.
A few years back when the peso crashed, Uruguay became a lot more affordable, sparking interest from foreigners. Uruguay has a lot to offer. The main drawing cards, like Colonia del Sacramento, Punta del Este and Montevideo, have long been tourist centers.
While most of Uruguay is famous for its wide beaches on the Atlantic Ocean, Mercedes—sitting on the banks of the Rio Negro—enjoys one of the country’s nicest riverfront settings.
I was visiting family in Arizona recently and needed a washer…a tiny, rubber washer for a leaking faucet that’s been out of production since the 1980s.
It’s warm and sunny on the early morning streets of Uruguay’s capital, Montevideo. The caretakers in the park are hosing down the sidewalks…waiters are straightening tables and opening bright yellow umbrellas at the sidewalk café. The neighborhood bakeries are open for cappuccinos and pastries, and newsstands are handing out today’s paper…
Part-time residence abroad? Not for me, thank you. At least that was my position 10 years ago, when I was preparing for my own move overseas.
Welcome to this week’s wrap-up video. Dan Prescher reports from Cotacachi, Ecuador, with a run-down of postcards for the week ending July 24.
The signature lighthouse is a dead giveaway…at least for anyone who’s traveled the Uruguayan coast between Punta del Este and the Brazilian border.
Colonia is one of Uruguay’s real treasures. In fact, I would rank Colonia at the top of Uruguay’s list for a year-round, quality lifestyle at an affordable price. Located on the banks of Rio de la Plata (just across from Buenos Aires), it’s a friendly riverside town that draws people from the world over.
See the video, where Dan Prescher reports from his summer home in Cotacachi, Ecuador, with this week’s wrap-up of IL postcards for the week ending July 16.
For big-city living in Uruguay, Salto is hard to beat. It offers just about every convenience that you’d find in the capital city of Montevideo…without Montevideo’s prices.
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