This is going to be brief, as my day job is keeping tied up in knots for the next few weeks. However, here’s a quick update to the last article about property prices in Uruguay.
While it appears to me that from top to bottom, prices are mostly flat, I guessed Luxury real estate and property, particularly in Punta del Este is doing pretty well. The guess may have been accurate.
I’ve had conversations with property owners in the luxury end, lets say over $500,000, and they report sales and prices have indeed moved North. Realtors, and others with vested interest in the answer have said the same thing…….but who knows considering the source?
Why? Know one knows for sure, but the odds on bet is it’s mostly money trying to escape Argentina.
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