Over the last 15-20 years, a growing number of Europeans and North Americans have been buying real estate in Uruguay. This is partly down global factors, increases in the value of farmland and the stability of Uruguay’s economy and laws. It’s an open secret in South America that Uruguay is a safe haven for Latin American investors. Argentinians in particular have held property in Uruguay “as a safe bet” for over a century.
Some popular areas for real estate investment in Uruguay include Montevideo, Canelones (particularly the Camino de los Horneros area*), Punta del Este, José Ignacio and Colonia del Sacramento. These areas offer a range of properties, from colonial houses to modern apartments to luxury homes.
Like any investment, there are risks associated with buying real estate to live or as an investment. A trusted local network is extremely important, especially when you are from out of town, as it were. You may not expect this, but in Uruguay, realtors are allowed to represent both the buyer and the seller in a negotiation. What is considered a conflict of interest in another country is perfectly normal—and legal—here.
So what can you do to be on the best footing? Feel free to contact us to access our network of reliable realtors and notaries. We’ll be writing more about this in the future, so watch this space.
* Transparency check: The founder of Guru’Guay has bought property in this area, see article below
Requirements & process of buying real estate in Uruguay
When buying real estate in Uruguay, it’s important to have a good understanding of the buying process. This includes hiring a reputable lawyer, conducting a property inspection, and negotiating a fair price.
Buying a new build
Buying a new build in Uruguay can be a great investment opportunity. With a booming real estate market and a strong economy, Uruguay is an attractive location for both local and foreign investors.
Watch Guru’Guay creator, Karen, as she shares her new build process through video updates
Real estate market
The real estate market in Uruguay has seen significant growth in recent years. With a stable political climate, strong economy, and charming landscape, it’s no wonder that people are flocking to buy property in Uruguay.
Uruguay is known for its fertile land and ideal climate for agriculture, making it a prime location for those looking to invest in farmland. Whether you’re interested in growing crops or raising livestock, there are many options available.