Uruguay Real Estate Articles

Your Money is Safe in Uruguay

Tienda Inglesa is a Uruguayan supermarket chain that also owns a real estate brokerage. The image above 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.

When local privately owned banks do make loans, they are very conservative and require a high rate of collateral. To get a home loan in Uruguay, a borrower will often need to come up with a 50% down payment. Most major construction projects are still financed with private loans, partnerships, and pre-sales.  

At the same time, Uruguay is currently experiencing a very positive economic climate of growth and high rates of foreign investment. There are increasing job wages, new business start ups, civic projects underway, record business profits, and lots of new residential construction that is selling before completion.

If the current credit crisis affecting some countries escalates into a global recession, every country in the world (including Uruguay) will be affected to some degree. No one has a crystal ball to see exactly what the future holds. However, now may be just the right time to diversify your portfolio with Uruguay real estate.


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