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Understanding Uruguay Farmland Soils Classification: Coneat values

What is CONEAT? This project started back in 1968 when the National Commission for the Agronomic Investigation of the Land was founded to develop criteria for the definition of the productivity of each parcel of land of Uruguay. (Comisión Nacional de Estudio Agronómico de la Tierra). The CONEAT commission recollected data from producers, technicians and also from field studies, laboratories and institutions that helped to develop the CONEAT index . At that time, it was created purely for taxation…

Who can buy Real Estate in Uruguay – physical or legal persons?

Cows in Uruguay
Many prominent South and Central American countries have limitations for foreigners buying farmland. ie Argentina and Brazil, foreigners can not buy properties bordering another country or extensive properties. In Uruguay, there are no such limitations. The Uruguayan government has been very open towards foreigners investing in local Real Estate. Buyers from all over the world have the same rights as Uruguayan citizens. They are granted the same economic advantages when they acquire Real Estate in Uruguay.…

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(Visited 5,480 times, 1 visits today) About Gateway to South AmericaGateway to South America is an independent Brokerage and Advisory company committed to helping foreign investors to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay.

Why the smart money is still Investing in Uruguay today?

Uruguay is a small country that staunchly defends its constitutional democracy, its political pluralism and the individual liberties and its inhabitants. Consequently, on an international level, it has received a large degree of credibility, and has been recognized by diverse organisms as one of the safest place to invest in Latin America. Uruguay is divided administratively into 19 departments, totaling 176,210 square kilometers, making it the second smallest country in the region. It borders Brazil (to the…

Investing in properties in Uruguay? where to buy and what are the prices by area

The neighbouring country studies the opening from September. There is already a boom in consultations. They believe prices could skyrocket in Montevideo due to a barrage of property purchases by local stakeholders. Uruguay plans to reopen its borders in September for foreigners vaccinated with the two doses. The news was not only celebrated by the tourism sector, but by the main developed and real estate companies on the other side of the river. The announcement has already generated a boom in inquiries and…

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…

Updated Uruguay Farmland Report March 2021

Transactions in the period January – March 2021. In the first three months of the year, there have been 27 transactions of productive farmland in Uruguay. In January some large forestry properties changed ownership. These timberland operations are situated in eastern Uruguay and refer to eucalyptus for the pulp industry.  The price of timberland depends on availability of wood, but in general, one can say that price fluctuates between 3.000 and 4.500 USD per hectare. In March, we saw large tracts of cropland…

URUGUAYAN AGRICULTURAL LAND MARKET REPORT 2021

Published in Jan 2021 this is an independent land price report for agricultural land in Uruguay. Published by Gorlero Farm Administrators in Uruguay which was founded in 1934 by Guillermo Gorlero the company still maintains the same original core value and characteristics that have led to its excellent market position. They mainly engage in providing rural estate management services. They are experienced in almost every region of the country: from Sierras in Minas to the basaltic soils in the northern region,…

In Uruguay 15 companies own more than 1,400,000 ha of farm land.

Cows in Uruguay
Seven forest companies, six agricultural groups, a dairy company and a Brazilian business person in Uruguay farm over 1.4 million hectares of productive farmland-as-owners and or tenants. Land suitable for farming in Uruguay is about 16 million hectares. Among the major landowners are a number of Brazilian and Argentine companies. Among the 15 business groups that include Montes del Plata, East Forest, Weyerhaeuser, Tekoayhu Forestry, Forestry South Atlantic RMK Timberland Group and Sierras Stills (Ence) Forestadoras;…

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,”…

Uruguay: a small country with great potential in South America

Latin America is a region globally known for its multiculturality and its complex history, amongst other things. The 20 countries that constitute Latin America have many similar traits, but one country in specific stands out from the rest due to its unique characteristics: Uruguay.  Uruguay is a nation with few inhabitants, a small territory and a scarcity of mineral resources. However, the country has managed to progress steadily into one of the most stable countries in the area, ranking third in the Human…

House prices continue to rise in Montevideo,​ but demand is weakening

In Montevideo, Uruguay’s capital, the average price of newly built houses rose by 9.1 % y-o-y to UYU 47,160 (US$ 1,334) per square metre (sq. m.) during 2018, according to the National Institute of Statistics (INE). However because of high inflation, real house prices only rose by a meagre 0.7 % last year. In 2018, real estate transactions in Uruguay fell by 4 % to US$1.61 billion from a year earlier, based on figures from El Observador, in contrast to a 17.3 % sales growth last year. This can be…

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…

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…

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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