I’m not sure what this means, if anything, for the property market here on the Uruguay Coast but it makes me wonder.
In case you don’t know, there is lots of Spanish investment here. The Iberians have purchased vast tracks of land in Rocha in the last 5 years, and some of the swank high-end developments on the Maldonado Coast are by Spanish companies. In an all out crisis like the one in Spain, two forces are in play, the players that are liquid will look for a new home (such as Uruguay.) The highly leveraged, will cease to be players in international markets.
Which of these two currents will push the market here?
Here’s a link to from The Independent Europe.
Stay Tuned!
Steve Bowman
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