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

Affordable Properties in the Best Areas of Punta del Este, Uruguay

Affordable Properties in the Best Areas of Punta del Este, Uruguay

Beach Living
By |
March 26, 2013

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.

Video: Three Areas to Consider When You Move to Punta del Este, Uruguay

Video: Three Areas to Consider When You Move to Punta del Este, Uruguay

Beach Living
By |
March 22, 2013

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.

Five Reasons to Live in Punta del Este, Uruguay

Five Reasons to Live in Punta del Este, Uruguay

Beach Living
By |
March 22, 2013

Punta del Este is South America’s premier beach resort. It is often compared to the Hamptons of Long Island, New York, or Europe’s Saint-Tropez. For decades, it has been a prestigious vacation destination. Now, a growing number of people are living in Punta del Este, Uruguay, making their favorite summer resort their full-time home.

Enjoy a Simpler Life in Uruguay

Enjoy a Simpler Life in Uruguay

Beach Living
By |
December 11, 2012

I remember the day I first left everything behind and set out in a rental car to explore the Department of Rocha in Uruguay. Rocha covers more than 4,000 square miles and stretches from the eastern reaches of Punta del Este to the Brazilian border. With several large lakes and more than 120 miles of pristine Atlantic coastline, it’s rural Uruguay proper.

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