Real Estate
Punta del Este real estate is mostly comprised of vacation rentals which come in a broad range of property types, standards of luxury, and price ranges, providing satisfying options for just about anyone aspiring to break into this world class beach resort market. |
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There are a lot of reasons people are attracted to Uruguay real estate, which include a sunny place to spend winter, experiencing a different culture, taking advantage of real estate opportunities that are not available in the domestic market, investment diversification, protection against inflation or domestic threats, and establishing a base for citizenship and/or retirement. |
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In Uruguay's real estate industry homes are measured in square meters and land is measured in hectares. If you are accustomed to square feet and acres, here is how to make quick in-the-field conversions that will get you close. |
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The following article is an excerpt from Section 5-2 of Buying Real Estate in Uruguay by David Hammond The real estate agent you select can impact your perception of the market, your buying experience, and your investment outcome if you decide to invest. Starting an online dialogue with prospective real estate agents provides an opportunity to learn about an agent before your market visit. Following are a few basic considerations: |
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Punta del Este was a busy place on the Columbus Day weekend (which is celebrated as Dia de la Raza in Uruguay). Besides the holiday, it is the weekend that many Argentines and Brazilians come to Punta del Este to select a rental property for their summer vacation. It is also a weekend when many Argentines and Brazilians who own a vacation home in Punta del Este will meet with their property managers and make sure their property shows well for potential summer vacation tenants. |
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Tienda Inglesa is a Uruguayan supermarket chain that also owns a real estate brokerage. The image below was a part of Tienda Inglesa’s weekly ad book and translates to: “Your money is safe in Uruguay, invest in properties!” The reason Tienda Inglesa and other local businesses say your money is safe in Uruguay is because Uruguay does not have a credit crisis. Uruguay is traditionally a cash society and most Uruguayan properties are owned free and clear. |
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