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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…

♟ 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…

Uruguay continues to impress as yet again named one of best holiday destinations

Uruguay is one of the nine locations chosen by a panel of experts to enjoy the holidays amongst places such as England, Myanmar, The Maya Riviera, Chicago, St. Vincent and the Grenadines in the Caribbean , the Netherlands, the Atlantic Coast of Canada and Orlando in 2012. It is clearly living up to it’s name as this year is was named in the Italian fashion Elle as the ‘New VIP Paradise’. The U.S. chain CNN, who ranked the locations, sought the opinions of the travel specialists: Robert Reid, editor of…
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