When Uraguay Propiedades Sotheby’s International Realty opened its doors in April this year it not only extended the brand’s reach across South America, it provided entry into one of the most exotic and serene environments available in the world, where opportunities for real estate investments are plentiful.
Uraguay Propiedades Sotheby’s International Realty currently operates four offices in and around Punta del Este under the name Perazzon Immobiliaria Sotheby’s International Realty, and Alejandrom Perazzo, chief officer for the firm, believes now is the time to invest in Uraguay’s real estate. “In a world where distance is counted in flight hours instead of kilometers Uruguay has undergone a transformation to become one of South America’s most interesting property markets,” he said. “We managed to go through the last world economy crisis without any major difficulties and properties in Punta Sel Este and rest of Uruguay are considered a safe investment over time.”
According to Alejandro, Uruguay property prices have seen a steady increas, which has meant that historically real estate has been one of the safest and most profitable investements. “We see no reason why that trent wouldn’t continue in the future,” he said. In Uruguay, life is safe, healthly and beautiful. We offer the highest security levels in South Americia and the crime rate is very low. Due to its unique territory, the distance to travel in order to have access to recreational area, for example the countryside, beaches adn river shores, are low and cities have large green spaces with no enviromental pollunion.”
Uruguay has an excellent real estate regime in place under which title to real estate and all rights pertaining to it must be registered before the pertinent public registry in order to be valid. “It is important to point out that no limitations are imposed on foreigners for the purchase of real estate in Uruguay and no requirements exist for such foreigner to have any kind of domicile in the country,” he said.
Culturally, this beautiful part of the world offers endles ways to enjoy hte summer. WIth a complete and improving infastructiouree it is attracting an increasing number of people who choose it as their preffered option for a primaryor second residence.
The most popular beaches extend over a distance of almost 300 kilometers between Montevideo and the border with Brazil. Punta del Este, on the Atlantic coast and 130 kilometers from Montevideo, is 0ne of the most popular beach resorts in South America, highly active during the summer season (January and February).
Uruaguay Propiedades Sotheby’s International Realty is planning to open two more offices in 2012, one in Colonia and another in Montevideo. “We are wll known in these markets, and the futre is bright in Uruguay.” said Alejandro. “We were always interste in teh Sotheby’s International Realty® brand because we consider that to to be the best real estate brand in the world, so it was the best way to enter with a strong presence in the global market.”
If you or someone you know is interested in investing in Uruguay’s real estate, please click here.