Why Buy Properties in Punta Del Este, Uruguay?

Punta del Este is an upscale vacation spot on the southern tip of Uruguay, southeast of the town of Maldonado and about 140 km east of Montevideo. At the beginning of the 19th century, Punta del Este was a vast semi-deserted region only visited by sailors and fishermen. Today this coastal town, commonly referred to as the St Tropez of South America, attracts close to 300,000 visitors each year.

Opposite the large peninsula separating the two waters of the Atlantic Ocean and Rio de la Plata, lie the enchanted islands of Isla Gorriti and Isla de los Lobos, inhabited by one of the world’s largest sea-lion colonies.

About Uruguay

Uruguay used to be South America’s best-kept secret with only a handful of South Americans travelling there to enjoy its lovely beaches, beautiful cities and huge gaucho steaks. It is bordered by Brazil to the north, by Argentina across the bank of both the Uruguay River to the west and the estuary of Río de la Plata to the southwest, and the South Atlantic Ocean to the southeast. It is the second smallest independent country in South America, larger only than Suriname and the French overseas department of French Guiana. Formerly called the Swiss of South America, Uruguay may be very small, but it’s certainly big-hearted where attractions are concerned. It features one of the most interesting capitals (Montevideo) in South America, several charming colonial towns, the hilly interior – true gaucho (cowboy) country – and many internationally renowned beach resorts such as Punta del Este and Piriapolis. The economy is largely based on agriculture (making up 10% of GDP and the most substantial export) and the state sector, and relies heavily on world trade. Consequently, it is affected by any change in global prices. Uruguay’s economy is on the whole more stable than in its surrounding states, and it maintains a solid reputation with investors.
Uruguay’s main attractions are its beaches, so most visitors go in summertime. Along the River Uruguay, summer temperatures can be hot, but the hilly interior is colder, especially at night.