Uruguay is the most economically, politically, and socially stable country in the region. The property registration system is among the best in Latin America. And you don't need to become a resident or get a local tax ID number to buy, own, or sell real estate in Uruguay. Even though real estate values have climbed in recent years, with a little research it's still possible to buy property in the most popular areas of the country for a very reasonable price.
Punta del Este’s identity is evolving. In addition to being the area’s most popular beach resort, it is becoming an education center. It currently has four bi-lingual schools and a new university is being constructed. There is also a new large conference center in the works. In addition to traditional resort businesses extending their seasons, there are new stores and businesses being set up.