House Hunting in Uruguay: A Sprawling Former General Store for $975,000
With its borders still tightly restricted, the small South American nation is eagerly awaiting the return of foreigners — particularly Argentines — to jump-start its housing sector. A Five-Bedroom House With History Near Uruguay’s Coast $975,000 (43 MILLION URUGUAYAN PESOS) Built as a general store in the late 19th century, this five-bedroom home sits at the boundary of Pueblo Eden, a rural village in the Maldonado Department of southern Uruguay, about 25 miles from the popular resort city of Punta…
Uruguay’s Luxury Residential Real Estate Market
URUGUAY’S LUXURY RESIDENTIAL MARKET OVERVIEW Uruguay’s luxury residential real estate market reached a peak in 2011, and has largely deflated since then, causing prices in the most areas to drop for all but a few the top tier of properties. The overall market has dropped by about 25 percent, but homes priced at $3 million or more have been less affected. There also has also been a large reduction in the volume of transactions making the market somewhat depressed. The market’s softening was caused…
