We recently mentioned a major project coming up in La Paloma, Rocha. If you haven’t heard, Rocha is hotter than a Saturday Night Special a few minutes after midnight. Rocha is particularly popular with Europeans, who have been buying small and vast tracks of inland farm property for over three years now. Now the game is spreading to the Coast, and the South Americans will be front and center in this push. Wealthy Argentines and Brazilians are projected to build luxury custom homes in the La Paloma area in the $500,000 - $1m plus range in the next year.
Further East, at Punta Negra, between Piriapolis and Punta del Este, there is a major luxury property development and hotel project under way.
More info on these to game changing projects will be coming up in the next few weeks.
Stay Tuned!
Steve Bowman
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