Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean: What do they know?
The sector of investment advisors and portfolio managers in Uruguay grew in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments. Data released by the Central Bank of Uruguay (BCU) shows that at the end of 2022, there were 67 portfolio managers and 106 investment advisors in the country. This is an increase of 10 from the previous year. Portfolio managers are legal…
Issues that should be addressed before considering the sale of a rural property to avoid an extended sale period
Consider carefully the following issues before putting a farm or piece of land on the market if you don’t want to experience delays, which can cause the property to become stale and develop a negative reputation. The owners must provide enough information for potential buyers upfront. When preparing to sell a farm, you should provide comprehensive information to a level that, if a buyer were to inspect it, is precisely as marketed. This is especially true when the farm or land sold has commercial value…
BBVA Research: Uruguay Economic Outlook 2023
After the pandemic and the end of the construction of the third pulp mill, the Uruguayan economy faces a couple of years of moderate growth. However, in the long term, recent improvements in the sovereign risk rating reinforce the institutional quality and strength of the country’s macroeconomic fundamentals. Key points About Gateway to South AmericaGateway to South America is an independent Brokerage and Advisory company committed to helping foreign investors to invest in Argentina, Brazil, Chile, Paraguay,…
According to the Big Mac Index, Uruguay’s currency is the most overvalued globally.
The Big Mac Index was developed last month, following June, which had the lowest monthly price decline in the 15 previous months. The Big Mac Index for Uruguay According to The Economist, a Big Mac in Uruguay costs 259 pesos, which is equivalent to approximately $6.86. The same hamburger costs $5.58 USD in the USA. On the other hand, it is the 22.9% highest-priced hamburger in the country. The previous index showed that the local currency had a value of 27.8% higher than what was considered to be its “balanced”…
The four important lessons that Uruguay can teach the rest of Latin America
The region’s strongest democracy offers many lessons, including the value of a robust social safety net. It was a scene that inspired admiration, and not a little envy, throughout Latin America. At the inauguration of the president of Brazil on January 1st, 2023, Luiz Inácio Lula da Silva, not one, but three presidents of Uruguay were present: the current president, Luis Lacalle Pouas, well as the former presidents Jose “Pepe” Mujica (2010-2015) and Julio Maria Sanguinetti (1985-1990; 1995-2000),…
