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♟ Prices in Punta del Este Uruguay collapse due to lack of demand from Argentina

PUNTA DEL ESTE -. One year after coming into force of the Agreement on the exchange of tax information to avoid double taxation between Uruguay and Argentina, Argentine real estate properties in the resort fell sharply. The president of the Real Estate Chamber Uruguay, Gabriel Conde, said the impact of the treaty was a “70% drop”, as recorded by the real estate brokers. The treaty has generated controversy between the two countries because Uruguay has rejected requests from the Federal Administration…
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