Uruguay has drawn a steady stream of expats for a long time. Uruguayans tend to have unlimited patience, they’re non-confrontational, non-violent, good-natured, and friendly.
It’s a country that enjoys one of the lowest crime rates in Latin America, the culture is honest and hard-working, and levels of corruption are low. Overall, this country is safe, stable, peaceful, and friendly.
The culture in Uruguay is European-like, and the primary cultural influence is Italian. You’ll find tango clubs, opera houses, orchestras, and more fine dining options, cafes, and downhome restaurants than you can imagine.
We like Uruguay not only these reasons, but also for its four mild seasons, long stretches of coastline, charming old quarter (in Montevideo), and laid-back way of life… but also for its friendly tax legislation, its absolutely low cost of living, and its real estate investment opportunities right now.
Montevideo’s old town is being rejuvenated, thanks to foreign (not only American) investment, but it’s not too late to get a super-good buy on a classic-style apartment in a good location. Beyond the capital, you can find even better buys, on estancias and big tracts of productive land.
Best known beach buy in the country is Punta del Este, which has been a draw for Argentine and other South American sun-seekers for decades. This Gold Coast, but an hour-and-a-half from Montevideo, has been enjoying such a boom that rental owners we know have lately reported extraordinary returns, as much as 12% net and more per year.
Located on South America’s eastern seaboard, Uruguay is surrounded by Brazil and Argentina. While Uruguay qualifies as sleepy, which is both a pro and a con, cities like Rio de Janiero and Buenos Aires are only a quick flight away (or ferry ride in the case of Buenos Aires).
The capital city of Montevideo— the southern-most capital in the western hemisphere—is home to almost half of Uruguay’s 3.4 million residents.
