Casapueblo, The Santorini of Latin America
Located on a high rocky point jutting over the sparkling water of Punta Ballena, Uruguay sits the Casapueblo, a magical sculptured hotel/museum often referred to as the “Greek island of Uruguay” or the “Santorini of Latin America.” The structure’s Cycladic-inspired architecture, combined with Punta Ballena’s fantastic sunset views, makes it look like a small village on the island of Santorini in Greece. The magnificent white building, a short 15-minute drive from Punta del Este, was built by the…
Punta del Este, Uruguay, place in South Américas booming tourism industry
Punta del Este is a small but well-known resort town located in southeastern Uruguay, about two hours by car from the capital city of Montevideo. Situated on a peninsula jutting out into the Atlantic Ocean, it is known for its beautiful beaches, high-end shopping and dining, and vibrant nightlife. With a population of just over 20,000 permanent residents, Punta del Este’s population swells to over 100,000 during the peak tourist season, which runs from December to February. Punta del Este is often referred…
Punta del Este in Uruguay: a magnet for financial events targeting millionaire investors
Investment banks from the United States and Switzerland have invited current and potential clients to breakfasts, lunches, and dinners such as at the Narbonne Estancia with economists and political scientists who are paid up to USD 4,300 for lecturing one hour about finance and the economy. They seek to find the ‘high net worth individuals which have from USD 1 million in liquids funds or family offices of ‘ultra high net worth’, which have from USD 10 million in liquid funds to invest. As…
Construction in Punta del Este, Uruguay is at its lowest point in 12 years.
In the medium term, a recovery of the activity is not expected. Compared to Puerto Madero, the new construction price gap expanded to 70%. Despite having a large number of real estate projects available, especially in Punta del Este, the construction is stalled in the area and is, in fact, at the lowest level for at least 12 years. At the beginning of 2018 it was thought that the recovery of the activity would happen in the short to medium term and although there are some positive signs, nothing suggests that…
