03 November 2006

Add Uruguay to your overseas property portfolio

Uruguay property investment opportunitiesModern day property investors are always on the look out for new exciting destinations and an unlikely player has just emerged, Uruguay.

Uruguay has much to attract the holidaymaker and second home owner, not least the wide sandy beaches and picturesque colonial towns. Punta del Este, 130km to the east of Montevideo, ranks up there with South America’s premier holiday resorts attracting up to 700,000 visitors each year and has had numerous nicknames from ‘the Pearl of the Atlantic’ and ‘the Hamptons of Latin America’ to ‘the St Tropez of Uruguay’ and even ‘the Ibiza of Latin America’.
Sitting on a peninsula that reaches out into the ocean, separating the surf of the Atlantic Ocean from the calm waters of Rio de la Plata, Punta del Este is an area of outstanding natural beauty that offers the nightlife and the tranquility that is required.

In January and February Punta del Este’s 20 miles of sandy beach turn into a playground for beautiful people, wealthy South Americans and a sprinkling of celebrities. Naomi Campbell and Gisele B√ľndchen are Punta regulars and author Martin Amis owns a bolt-hole there. The modern marina beckons yacht owners from all over the world who bring their impressive cruisers over for some winter sun and fun. Whichever experience you require – lounge music on warm beaches til dawn, trying your luck on the baize in the American-style hotel casinos, admiring one of the world’s largest sea lion colonies on Isla de los Lobos, joining the jetset and stocking up on Gucci, roller skating with the children or simply taking in the most incredible sunsets - Punta del Este has it sewn up.

El Cardenal Azul is being prepared for the luxury real estate map through its facilities. Residents will enjoy tennis courts, padel courts, sauna, gymnasium, a steam bath, swimming pool and a Clubhouse with restaurant and bar. The resort will also take on day-to-day tasks such as gardening, laundry, house-cleaning and babysitting on behalf of the owners should they wish.

Don't waste time and have a look at the best that Uruguay has to offer. It's not going to be long until property prices sky-rocket so this is the time to make a move and invest in South Americas new holiday real estate player.