Category Archives: Uncategorized

Uruguay GDP grows 2.5% Q o Q

GDP grew 2.5% The central bank on Tuesday released the National Accounts Quarterly report for July-September. According to the data, the Gross Domestic Product (GDP) grew 2.5%. The Uruguayan economy grew for the second consecutive quarter. The quarter on quarter growth is 2.5%, bringing the cumulative growth of GDP at 1.7% so far this year. Uruguay’s year started [...]
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Punta del Este is Renting at the Same Rate or Better than Last Year

The rental market in Punta del Este is behaving as well as, or better than last year. The real estate agent Luis Sader denies that rent costs have increased 20% in dollars. Sader argues that the fall of the dollar impacts the cost of rent because the owners turn down lower offer prices. The tourist season [...]
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Plan for Home Purchases

The National Housing Agency signed an agreement with the National Corporation for Development to build a fund for financing real estate ventures. Carlos Mendive, president of the agency, explained the details of the proposal. “Since the National Housing Agency we are marketing a set of existing homes, we are in a second phase. The houses are [...]
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Home for Rent in Pocitos Nuevo, Montevideo, Uruguay

This is an old photo that I took of a home that was for rent YEARS ago.  Who knows, maybe it still is.  It was for rent for *months* and the owners didn’t seem all that excited to ‘make a deal’ when i contacted them to ask about it. But first, some preliminaries…The year was 2007.  [...]
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Uruguay Needs to Grow its Credit Market

The financial lending market is an extremely competitive at the high number of companies operating in the local market, which benefits users to achieve better conditions in the products they consume, said Martin Guerra, founder and current general manager and shareholder Minority Soon!, a non-bank credit manager. Since February 2007 Advent Group owns a majority [...]
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