This press release from E-Quity seems to be the usual speal about why it is great to live or invest in Uruguay.The only thing I learned and to quote: Mortgages exist and can be arranged both for homeowners and buy to let purchases, while the Uruguayan law recognises that resident and foreign investors should have the same legal rights and protection..
Hmm... that bit about the mortgages seems not to be true from what everyone here says.. unless you want to put up the purchased real estate, any assets you own in Urugauy, plus a 100% cash deposit in the USA as security for the mortgage... Some say that income earned outside of Uruguay can't be used to qualify for a mortgage at all. It's not clear what the actual requirements are to obtain a mortgage in Uruguay, but the process seems anything but straightforward for an Uruguayan, much less an expat.
Finally, by following the links in this press release one learns that E-Quity seems to be selling some lots near the "Sheraton"... oh.. the Sheraton in Colonia.. and this is a good deal because of how well the economy is doing in Argentina! They do claim to offer financing...
Before you invest... come on down and live here for a while!
Press Release: Uruguay - South America’s Safest Bet
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