Punta del Diablo is in a state of transition, both as a travel destination and as a real estate opportunity. Punta del Diablo is a rustic fishing village located on Uruguay’s Atlantic coast. It has traditionally attracted an outpost of surfers and budget travelers. However, the area is quickly gentrifying as an international crowd is visiting and investing in Punta del Diablo. Top travel guides, such as Lonely Planet, are putting Punta del Diablo on the map as a place to visit, and international publications are reporting on Punta del Diablo’s high rate of return in a time when many of the world’s real estate markets are stagnant.
Features & Amenities
Punta del Diablo is just a 30 minute drive from the Brazil/Uruguay border. Brazil’s booming economy is creating a fast growing upper-middle class that is vacationing and investing in Uruguay in increasing numbers
Although prices have gone up at a rapid rate, current indications are that the trend of rising values will continue. In fact many of the contributing factors to Punta del Diablo as a real estate investment are accelerating. Punta del Diablo is still a good buy with lots two to five blocks from the beach starting at under 20,000 US dollars and going up to 80,000 US dollars as of September 1, 2008.
Caution: Environmental regulations can greatly complicate and in some cases prohibit development of property within 250 meters of the coastline.
