GTSA Group Profile for South America
Gateway to South America is one of Southern Cone’s most experienced specialised real estate marketing companies with representation in Argentina, Brazil, Paraguay, Peru and Uruguay. We offer a comprehensive selection of rural, lifestyle and residential properties throughout the region. Few real estate companies can match our breadth of experience and level of service in these areas of real estate. Fewer still offer the same levels of specialist knowledge and total commitment to achieving the best possible…
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 $975,000 (43 MILLION URUGUAYAN PESOS) Built as a general store in the late 19th century, this five-bedroom home sits at the boundary of Pueblo Eden, a rural village in the Maldonado Department of southern Uruguay, about 25 miles from the popular resort city of Punta…
US Real Estate Buyers are Social Distancing As Far Away As Uruguay
As the pandemic’s long-feared second wave comes crashing down on us like a mammoth breaker pounding a cracker box coastal village, some real estate shoppers are looking for values far from the densely-packed districts that are their customary areas of interest. How far? How about Uruguay? As in the South American nation of 3.5 million inhabitants nestled between Argentina on the south and southwest, and Brazil on the north and east? Uruguay is not exactly a hop, skip and jump from places like Miami or…
House prices continue to rise in Montevideo, but demand is weakening
In Montevideo, Uruguay’s capital, the average price of newly built houses rose by 9.1 % y-o-y to UYU 47,160 (US$ 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…
