Uruguay's economy is greatly dependent on farming, finance and tourism. They are also looking forward an outstanding outsourcing option with the country's quality of education and cheaper wages like India to the US marketAccording to Reporte Inmolilario, there was a 13 percent rise in the price of apartments in Montevideo and gross rental yields ranging from 6 to 9 percent.
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Link: Uruguay Price History - Uruguay – high growth, low prices
With fantastic retirement benefits, beautiful climate, a rising tourist industry, rising property yields and an economy firmly on the road to recovery following crisis in 2002 - It seems the future is bright for Uruguay and her property market.
With the emerging tourism markets of Latin America opening up to the wise investors Uruguay is at the forefront. Not only is it stable it is also undervalued and has prospects for sustainable growth and fantastic Yield returns as its popularity grows.
Uruguay is a proven holiday destination of the upper class is set to grow on a global scale, while low poverty, low costs and high standards of living will increase it desirability amongst retirees. Property value is also on the rise, looking set to match prices of other global celebrity havens.
Export markets also look set to increase to the growing markets of Brazil and Argentina. Uruguay is also enjoying increased economic stability due to population being unexposed to current credit volume, while two international Airports give easy access for the tourist numbers to rise steadily in the coming years.
