Safe, Cheap, Charming and Tax-friendly
We like Uruguay not only 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.
Best unknown beach buy in the country is in Rocha Province. Watch this space (and read your Overseas Opportunity Letter) for details.
Uruguay qualifies as sleepy, which is both a pro and a con. But un-sleepy Beunos Aires is only a quick flight or ferry ride away.
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