Uruguay: Examples of Real Estate Options

Transcription

Uruguay: Examples of Real Estate Options
Uruguay:
Examples of Real
Estate Options
April 2011
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1. Montevideo
 Uruguay’s capital, main
city
 1.5 M people
 Located on the
waterfront
 Real Estate Options:
 Shoreline condos
 Residential homes
 Colonial or renovated
homes in the Old City
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Aca foto del barrio
Montevideo’s seaside walk, Pocitos
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Montevideo’s Buceo marina, Pocitos
Obtaining Uruguayan Residency
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Simple process, but bureaucratic
It takes 6 to 10 months to obtain resident status
After 3/5 years, one can apply for citizenship/passport
Steps to obtain residency:
 First, gather all the necessary documents (abroad)
 Then, enter Uruguay, as a tourist
 Within 90 days (extendable for another 90 days), submit the
application at DNM
 Once the request is submitted, the person may stay in the country
indefinitely, as a “temporary resident”
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1.1. Montevideo: Small Shoreline
Condos / Apartments
 Pocitos & Punta Carretas
neighborhoods
 Avg: USD 180 /sq.ft.
 Example:
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1BR, 1 BATH apartment
6th floor
w/garage, amenities
500 sq. ft.
USD 118,000
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1.2. Montevideo: Large Shoreline
Condos / Apartments
 Pocitos & Punta Carretas
neighborhoods
 Avg: USD 180 /sq.ft.
 Example:
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3 BR, 2 BATH apartment
Sea view
1,650 sq. ft.
USD 335,000
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1.3. Montevideo: Renovated
Apartments in Old City
 Colonial, Old City
 Avg: USD 175 sq.ft.
 Example:
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2 BR, 2BATH apartment
872 sq. ft.
w/amenities
USD 149,000
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Pedestrian street in Montevideo’s Old City
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1.4. Montevideo: Colonial Homes
in Old City
 Colonial, Old City
 Avg: USD 120 /sq.ft.
 Example:
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4 BR, 4BATH apartment
Wooden floors
Garage
Fireplace
4,337 sq. ft.
USD 360,000
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Fabini Square, downtown Montevideo
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1.5. Montevideo: Single Homes in
Residential Neighborhoods
 Carrasco Neighborhood
 Avg: USD 200 /sq.ft.
 Example:
 4 BR, 4 BATH house
 Inside private community
 3,000 sq. ft. Built on
23,000 sq. ft. lot
 USD 550,000
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Aca otra foto de la casa
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2. Punta del Este
 South America’s main
seaside resort
 Slower in winter, but
with enough year-round
activity and services
 Real Estate Options:
 Shoreline condos
 Residential homes
 Large Estates
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Mansa Beach, Punta del Este
Aca foto del barrio
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Punta del Este marina
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Real Estate: Punta del Este
Punta Ballena architecture, Punta del Este
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2.1. Punta del Este: Small
Shoreline Condos / Apartments
 Avg: USD 180 /sq.ft.
 Example:
 1 BR, 1 BATH apartment
 506 Sq. Ft.
 In downtown Punta del
Este
 USD 100,000
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2.2. Punta del Este: Large
Shoreline Condos / Apartments
 Avg: USD 220 /sq.ft.
 Example:
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2 BR, 2 BATH
16th Floor
850 sq.ft
2 blocks: downtown
Beach service, maid
service, sauna, playrooms
 USD 275,000
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2.3. Punta del Este: Beach Homes
 Avg: USD 140 /sq.ft.
 Example:
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3BR, 2 BATH house
Pool, BBQ area
Guest house
Near golf course
3,423 sq. ft. Built on
19,375 sq. ft. Lot
 USD 350,000
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2.4. Punta del Este: Large Estates
 Avg: USD 275 /sq.ft.
 Example:
 6BR, 6 BATH house
 7,200 sq. ft built on
73,000 sq. ft. Lot
 Pool
 Guesthouse
 USD 1,350,000
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3. Piriapolis
 Seaside town, smaller
than Punta del Este
 Very slow in Winter
 Scenic hills
 Real Estate Options:
 Shoreline condos
 Residential homes
 Large Estates
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3.1. Piriapolis: Hillside Condos
 Avg: USD 160 /sq.ft.
 Example:
 2BR, 2 BATH
apartment
 On San Antonio hill
 893 sq.ft.
 226 sq.ft. of terraces
 USD 131,000
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3.2. Piriapolis: Beach Houses
 Avg: USD 130 /sq.ft.
 Example:
 3BR, 2 BATH house
 w/ view of San
Francisco beach
 1,900 sq.ft. Built on
6,200 sq.ft. lot
 USD 245,000
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3.3. Piriapolis: Developments
 Sugar Loaf Ocean
Club & Villas
 Avg: USD 125 /sq.ft.
 Example:
 2BR, 2 BATH house
 w/ view of ocean and
Sugar Loaf mountain
 1,453 sq.ft. Built on
1/4 acre lot
 USD 245,000
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4. Colonia
 Uruguay’s oldest city,
est. 1680, colonial
 Small, but very
international
 Across Buenos Aires
 Real Estate Options:
 Colonial Homes (up to
300 years old)
 Newer colonial homes
 Farms
 Shoreline Condos
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4.1. Colonia: Colonial Homes
 Avg: USD 250 /sq.ft.
 Example:
 2 BR, 2 BATH house
 In the Historic
District
 1,500 sq.ft. built on
2,200 sq.ft. lot
 USD 450,000
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4.2. Colonia: Modern Homes
 Avg: USD 210 /sq.ft.
 Example:
 3BR, 2 BATH house
 w/ river view
 1,550 sq.ft. Built on
3,500 sq.ft. lot
 USD 345,000
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4.3. Colonia: Polo Lots (Carmelo)
 Carmelo Polo
 Privileged enclave
across Buenos Aires
 Example:
 Front-line polo lot
 Polo & golf club
access
 3000 sq.m.
 USD 100,000
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5. Rocha
 Easternmost province
 Oceanic
 Continuation, after
Punta del Este
 Options:
 Houses in beach towns
 Lots near/on ocean
 Raw beachfront land
for development
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Real Estate: Eastern Shore (Rocha)
Rocha oceanfront
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5.1. Rocha: Small Beachfront Lots
 Example: Three
contiguous lots
Aca foto del
apto
 Between towns of La
Paloma and La Pedrera
 One block from ocean
 Total: 1,747 sq.m.
(18,784 sq.ft)
 USD 74,500 (USD
43/sq.mt) for the three
lots
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5.2. Rocha: Large Beachfront Lot
Aca foto del
apto
 Example: Large lot
near La Pedrera
 On main road (highway
# 10)
 With small 2 BR house
 Total: 18 acres
 USD 450,000
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6. Farms
 Uruguay is a farming
country
 Agriculture, Forestry,
Cattle, Wine
 Options:
 Farms of any type,
for production
 Small farms to live in
Farms
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Advantages of farmland
Increasing global demand for food
Consistent long-term appreciation
Annual cash return
Non-volatile asset
Store of value
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Why farmland in Uruguay?
Most suitable
country
Turnkey, easy
Transparent
market
MAPA DE
CHRIS ACA
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6.1. Farms: High-Yielding Cropland
 54 Hectares (133 Acres)
 In Colonia (SE Uruguay)
 High productivity
index: 178 (avg. is 100)
 USD 394,200 (7,300/
hect, 2,920/acre)
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Real Estate: Montevideo
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6.2. Farms: Farm Lifestyle Home
 5 hectares (13 acres)
 Located in hills,
Lavalleja province (East,
near Punta del Este)
 Modern house; 1,450
sq.ft.
 3 BR, 2 bath, pool, deck,
jacuzzi
 USD 320,000
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Contact information
[email protected]
Check our website for detailed presentations
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