Uruguay Fast Facts

Uruguay

Population: 3,324,460 (July 2013 est.)

Capital City: Montevideo

Climate: Warm temperate; freezing temperatures almost unknown

Time Zone: GMT-3

Language: Spanish (official)

Country Code: 598

Coastline: 660 km

Uruguay: A Latin American Safe Haven

Are you looking for a true safe haven in Latin America?

If so, you need to know about Uruguay—a politically, economically, and socially stable country with a mild climate free of earthquakes and hurricanes.

Uruguay is below the tropical zone and has four seasons. The average summer high temperature is 82 degrees F, cooling down to 63 F at night. The average winter high temperature is 57 degrees F, cooling down to 43 F at night. Because Uruguay is in the Southern Hemisphere with opposite seasons, summer is in December, January, and February.

Besides mild weather, Uruguay has a warm social climate. You’ll find less economic disparity here than anyplace else in Latin America. Uruguayan culture is noted for tolerance and inclusiveness. And expats who are respectful of Uruguay’s culture and make an effort to learn some basic Spanish report feeling comfortable and accepted here.

Uruguay is also among the top countries in the region when it comes to infrastructure. Here, you’ll find the best overall road system, the most reliable electrical grid, and one of the fastest overall internet speeds in Latin America. You’ll also find quality medical care, safe drinking water, and good public transportation.

Even though Uruguay is a small country, it offers a variety of lifestyle options. Choose among places like Montevideo, the capital city with an active cultural scene; Punta del Este, the continent’s most sophisticated beach resort; La Paloma, a small beach town on the Atlantic coast; or a small farm or rural town in Uruguay’s countryside.

But what about Uruguay’s solvency? The country of Uruguay has investment-grade sovereign bonds. The locally-owned banks are well capitalized and safe. In 2009, when most of the world’s economy was suffering from the global recession, Uruguay posted an economic gain. There were no failed banks, and the rate of nonperforming loans throughout the country was just 1%.

Uruguay is a popular place to invest in real estate. That’s because foreigners can buy, own, and sell property with the same rights and protections as a Uruguayan citizen. Uruguay’s government welcomes foreign investment by individuals, the system for registering property ownership is solid, and property rights are enforced.

Uruguay is a nice place to spend time. It’s a small food producing country, which offers a variety of pleasant lifestyle options that is out of the way of world conflict.

From the Archives of Uruguay Articles

Buy in One of Montevideo’s Best Neighborhoods from $84,000

Buy in One of Montevideo’s Best Neighborhoods from $84,000

Real Estate
By |
October 28, 2015

It's a sunny morning, and you have plans to meet friends at a nearby café. You go down the elevator and are greeted by the porter on your way out. Your little studio apartment is a building near the corner of 21 de Setiembre and Ellauri in the neighborhood known as Punta Carretas in Montevideo, Uruguay.

Buy a Single-family Home in this Atlantic Coast Beach Town for $110,000

Buy a Single-family Home in this Atlantic Coast Beach Town for $110,000

Real Estate
By |
October 28, 2015

After a day of socializing and swimming at the beach, you’re walking to your home in the La Aguada community in La Paloma, Uruguay, with your beach chair and umbrella. The sky is blue, and the sun is warm. You feel relaxed from head to toe. Like your lifestyle here, your home is simple and Read more...: Buy a Single-family Home in this Atlantic Coast Beach Town for $110,000

The Hamptons of South America for Less Than $150,000

The Hamptons of South America for Less Than $150,000

Real Estate
By |
October 28, 2015

Punta del Este, Uruguay, is to South America what the Hamptons are to North America and Saint-Tropez is to Europe. It’s a picturesque beach town that buzzes with vacationers and activity during the summer high season. And over the last decade, Punta del Este is growing in popularity as an expat haven. As you’d expect Read more...: The Hamptons of South America for Less Than $150,000

A New Income in Uruguay Transformed This Single Mom’s Life

A New Income in Uruguay Transformed This Single Mom’s Life

Daily Postcard
By |
August 6, 2014

When people ask me what's so good about Uruguay, I often talk about the various income opportunities, the natural beauty of the land, or the ability to live a simpler and less complicated life. Just a while ago, I was trading notes about life in Uruguay with Karen Michele—a single mother from the U.S. who moved to Punta del Este, Uruguay with her 12-year-old daughter, Etanne.

Retirement in Uruguay Is Unique

Retirement in Uruguay Is Unique

Daily Postcard
By |
August 1, 2014

Uruguay is a nation of immigrants—which means that if you're looking to retire overseas, you'll fit right in. This unique country's citizens are descended from all corners of the world; about 90% of Uruguayans have ancestors from Western European, with the highest percentages from Spain, Italy, and France. And, because most Uruguayans are descendants of immigrants (and many know and can tell you their family's relocation story) newcomers are generally treated warmly.

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