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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…

How to Invest in Uruguay Real Estate and Obtain Tax Residency

Uruguay is considered one of the most stable economies in Latin America. With the second-highest minimum wage, and the third-highest Human Development Index of the region, the country positions as an attractive destination for foreigners looking to settle, buy real estate, or obtain a tax residence in Uruguay.   Likewise, the cost of properties in Uruguay tends to be lower than in other Latin American nations and the purchasing process is not as complicated as in neighbouring countries. Because of this,…

Coronavirus Deals: 5 Cheapest Places To Buy Real Estate Now (And Make Money)

Have you ever dreamed of buying a house—for cheap—in a foreign country and moving there to live the expat life? Or buying an investment property and renting it out? Or getting a fixer-upper and flipping it for big bucks down the road? This could be your moment. While the coronavirus pandemic has been devastating, it has also had a silver lining by creating real estate bargains around the globe at a time of unprecedented low interest rates. “Nothing like the coronavirus crisis has come along before,”…

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…

The future of South American Gauchos with modern farming systems

Gauchos helped defeat Spanish troops and win independence in the 19th century, but the cowboys of lore are no match for today’s soybean boom and factory farms. “The classic gaucho is disappearing,” Lisandro Floral, a 30-year-old who manages a farm of 3,800 hectares (9,400 acres) deep in the Pampas, told AFP. Floral has forsaken the horse and the boleadoras — the traditional rope and leather ball sling used by gauchos to capture running cattle or game — in favor of a 4×4 equipped…

Uruguay is the best place to live in Latin America according to the Legatum Institute

According to the latest Prosperty index, Uruguay ranks 29, followed by Chile, 31, Argentina 39 and Brazil, 52. In the whole of the Americas, Uruguay is the only country that figures in the highest ranking with Canada (6) and the US (10). The rest of South America is ranked medium while Ecuador and Bolivia figure at the lowest level. The Legatum Institute describes itself as an independent non-partisan public policy group based in London, with research, publications, and programs that advance ideas and policies…
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