Solid Rental Yield In This Top Overseas Retirement Market
Dec. 9, 2011, Piriapolis, Uruguay: Piriapolis, Uruguay, offers a good opportunity for investing in a beach resort rental that could return a yield of more than 12% a year.
Dear Live and Invest Overseas Reader,
Uruguay, home to about 3.5 million people, is a generally sleepy place. The country boasts a stable economy based mostly on agriculture (along with a growing banking industry) and politics that could be described as boring (especially compared with the country's next-door neighbor, Argentina).
Those things, among others, make Uruguay a great retirement destination. But investment haven? Not necessarily. As in all markets, though, there are important exceptions.
One is the tourist accommodation market--that is, hotels and short-term rentals--on stretches of this country's coast. Uruguay is "the" beach vacation destination for Argentines and Brazilians during their summer months (Christmas through February with shoulder seasons from the beginning of December and much of March).