South American Real Estate News
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US Real Estate Buyers are Social Distancing As Far Away As Uruguay

As the pandemic’s long-feared second wave comes crashing down on us like a mammoth breaker pounding a cracker box coastal village, some real estate shoppers are looking for values far from the densely-packed districts that are their customary areas of interest. How far? How about Uruguay? As in the South American nation of 3.5 million inhabitants nestled between Argentina on the south and southwest, and Brazil on the north and east? Uruguay is not exactly a hop, skip and jump from places like Miami or…

Foreign Money Driving Uruguay’s Real Estate Boom

Espectador has a feature interview with former Uruguay Central Bank Director Juan Carlos Protasi regarding the status quo of Uruguay real estate and foreign investment. The current boom in Uruguay is due to new waves of foreign investment, says Protasi, and not because Uruguayan banks are loosening borrowing guidelines. “The good thing is that here in Uruguay there has been no intervention with the credit markets. If real estate prices fall a little bit, there won’t be an impact on bank portfolios. It’s…
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