The positive economic situation in Uruguay living has made the real estate sector, among others, go through a period of strong expansion.
In that sense, Punta del Este, as the real estate investment star, but also Montevideo, have received strong inflows of foreign investment, especially from Argentina.
When identifying the factors that determine this confidence in Montevideo real estate, especially those listed in legal and governmental stability, the comparative advantage on prices and the high profitability of the properties in Uruguay, according to the site iProfesional.com specialist.
It also mentions the low inflation (the latest figure was 8.17% in annual terms) and refers to the absence of a large increase in taxes on property maintenance.
Real estate agents agree in noting the growth of Montevideo real estate opportunities, and have had time to attract investment.
According to iProfesional.com realtors estimate the square meter in Montevideo would increase around 15%, which attracts the project development and the acquisition of property by foreign capitals.
Investors no longer look for the second house in the East coast of Uruguay, but real estate investment income in Montevideo. The trend gaining ground is the construction of office buildings.
More traditional property investment in Uruguay has been the second home for summer, usually acquired in the east coast, has now evolved to be a bet on the brick in search of a safe return for rent.
In that sense, Punta del Este, as the real estate investment star, but also Montevideo, have received strong inflows of foreign investment, especially from Argentina.
When identifying the factors that determine this confidence in Montevideo real estate, especially those listed in legal and governmental stability, the comparative advantage on prices and the high profitability of the properties in Uruguay, according to the site iProfesional.com specialist.
It also mentions the low inflation (the latest figure was 8.17% in annual terms) and refers to the absence of a large increase in taxes on property maintenance.
Real estate agents agree in noting the growth of Montevideo real estate opportunities, and have had time to attract investment.
According to iProfesional.com realtors estimate the square meter in Montevideo would increase around 15%, which attracts the project development and the acquisition of property by foreign capitals.
Investors no longer look for the second house in the East coast of Uruguay, but real estate investment income in Montevideo. The trend gaining ground is the construction of office buildings.More traditional property investment in Uruguay has been the second home for summer, usually acquired in the east coast, has now evolved to be a bet on the brick in search of a safe return for rent.
