subject: Uruguay Real Estate Considered Most Potential In South America [print this page] Uruguay is the second smallest nation in South America with a total land area of 176,000 sq. km. Montevideo is the capital of Uruguay and about 44% of the countrys population live in the capital city. Even though smaller in size, Uruguay is one of the most developed nations of South American Continent. Agriculture is the sustaining industry for the economy of Uruguay. Tourists visit Uruguay, attracted by its Estancia tourism, which emphasizes the ancient Estancia culture, the gaucho culture, and other appealing aspects of Uruguay.
Uruguay is among the highly developed South American countries, with a very high per capital GDP. In the entire Latin American region, Uruguay and Chile are ranked as the least corrupt countries by Transparency International. Still, poverty and unemployment rates are causing concern in the efforts of strong economic growth by Uruguay. As such, prices of real estate in Uruguay also remain low, providing greater opportunities for international real estate investors to make substantial profits from Uruguay real estate for sale and Uruguay rentals.
The sunny tropical climate, the exuberating culture of the natives, better real estate opportunities than several other countries, and possibility of settling down in a pleasant country are the major reasons that had been drawing international real estate investors to Uruguay real estate listings. The government is stable and the laws and regulations are highly transparent. The government actively promotes international tourism, trade, and investment. The Uruguay economy was the least affected by the economic slowdown of 2008 that extended into 2009 and is still continuing in many countries. Foreigners enjoy equal rights as the Uruguay citizens in purchasing real estate in Uruguay. The property registration process and system is highly trustworthy and secure. If the foreign investors obtain legal titles after due diligence, the ownership rights are fully protected by the law of the land.
Most of the Uruguay real estate for sale and Uruguay rentals is done as cash transactions, since banks do not lend against properties due to their conservative approach. As such, very few homes or properties are sold on the market due to mortgage defaults. Montevideo had been rated as the most livable city in the entire South America for several years. Apart from homes and apartments in the capital and other cities, beachfront properties in Punta del Este, the most popular beach resort in South America, and in several other tiny but beautiful seaside communities are available for real estate investment in Uruguay. These properties include resorts, individual lots, and single family homes. Small farmlands, rural estates, and vast agricultural lands could also be obtained in Uruguay real estate market at competitive prices. Since US dollar transactions are quite common, Uruguay property market is a favorite investment prospect for innumerable international real estate investors.
