Property for sale in Uruguay

1/ Capital: Montevideo

Is the largest city, the capital and chief port of Uruguay. Montevideo is the primate city in Uruguay, the only city in the country with a population over 1,000,000.

Is a country located in the southeastern part of South America. It is home to 3.46 million people, of whom 1.7 million live in the capital Montevideo and its metropolitan area.

Uruguay has also been known as the Switzerland of the Americas since the early 20th century thanks to social democracy on par with European countries. According to the World Economic Forum report 2005/06 on world competitiveness, Uruguay takes 2nd place behind Chile as the most competitive in Latin America ahead of Mexico and Brazil. The country is also widely recognized for its cultured and literate population, its bucolic tranquility, pleasant temperate climate; dream beaches and represents very good value for money for the visitor and investor alike.

Montevideo, Uruguay’s capital city and home to over half the country’s population, boasts many museums, parks and other tourist attractions while foreign property investors tend to concentrate on Punta del Este, Uruguay’s most fashionable and well-equipped seaside resort. It is easily accessed at only 145 km from Montevideo, and attracts a steady flow of year-round tourists.

While Uruguay mirrored Argentina’s economic situation before, during, and after the 2001 crisis, Uruguay did better. The Uruguayan Peso did not devalue as much, and property prices recovered sooner than in Argentina.