There are 340 kilometers of beautiful beaches, dunes, lagoons, farmland, and forests that stretch from Montevideo to the Brazilian border. And Punta del Este Uruguay real estate, houses, condos, and property investments are just the beginning of the Uruguay real estate market going to the north.
In the heart of this gorgeous coastline is Punta del Este. This is the number one Uruguay real estate beach community and the number one vacation destination in all of South America. Which makes Punta del Este real estate some of the most sought after property in South America.
This small community of 7,500 to 10,000 people runs along a peninsula where the tip is capped by a marina — where the yachts of the rich and famous anchor during the summer season from January to Easter. During that time the population swells to 250,000 people.
Along the beach in Punta del Este are high rise condominiums and apartments with real estate prices in the $1500 per square meter to $2,500 per sq meter. The Punta del Este real estate market seems a little overheated in the condo property market. Condos are more desirable to the Argentineans and Brazilians since they typically use them for 2 months out of the year. (January and February is High Season.)
The best value in Punta del Este Uruguay real estate is in the single family home property market.
One of the interesting things about Punta del Este homes is that the have names — and no addresses…
Most of the Punta del Este houses have very large yards. 1,000 to 1,500 square meters on the smaller side to 5,000 square meters on the larger side. The look and feels of the Punta del Este houses are a cross between what you would see in Europe and the US Midwest….
You can get a nice smaller Punta del Este house for $150,000 to $200,000 and a spectacular piece of real estate for $500,000 and up. The best part about the Punta del Este real estate market is that you can rent out your house or condo out for High Season. The investment returns are pretty good too. You can get roughly a 5% return on your investment January and another 2.5% in February.
We think that Punta del Este is a good Uruguay real estate investment because it is becoming more popular with Brazilians and it is becoming more and more popular with full time residents.
Also, just outside of Punta del Este you can find small farms with beautiful houses that are called Chacras. These are great for those of you who want a secluded get away. Or for those of you who want to own some horses and do a little organic farming.
Punta del Estate Real Estate for Sale and Property Investments in Uruguay: