50% of the purchase and rental operations in Uruguay are by Argentines.

The trend of Argentines who decide to emigrate from the other side of the Rio de La Plata continues to increase and this is reflected in the real estate sector

Until two or three years ago, the participation of Argentines in the real estate business was very low and, practically, concentrated in Punta del Este. This changed in recent times. The search, now, is targeting  Montevideo and particular areas such as Pocitos.

Despite this increase in demand, property prices in Uruguay remain stable. Except for those considered “promoted homes” – they are aimed at a lower-income public – which are set in Uruguayan currency, the rest are ruled by the dollar, as in Argentina.

There is also a lot of demand for the purchase of real estate from the well, which is reactivating the construction sector in that country

Source: www.ambito.com

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