Where Can I Find Listings of Real Estate in Uruguay
Uruguay is a relatively small country located in South America in terms of land-mass when compared to countries such as Brazil or Argetina that cover significant areas in the South American continent.
Uruguay is bordered by Brazil to the north, Argentina to the west, and The Atlantic Ocean to the east, and the capital of Uruguay is Montevideo, which is world famous coastal city located on the Río de la Plata.
Popular areas of Uruguay with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
Buying cheap luxury real estate listings in Uruguay is a matter of perspective on what the purchaser or investor perceives as 'cheap'. The desired objective though can be possible with the right strategy.
"Cheap real estate" in luxury market doesn't always mean a low price, as a 'luxury property' that is undervalued for the current real estate market place status can be seen as being cheap.
A $1M home might be "cheap" compared to others at $2M that are located in Uruguay, but the price difference for what seems to be very similar properties could be for a wide range of reasons.
If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.
You may ask where can I find listings of real estate in Uruguay, and in established or emerging luxury markets or area, luxury properties could be listed as undervalued in relation to future expectations, especially for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.
Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.
Properties bought below market value in luxury areas often see strong appreciation when the market recovers or the area gentrifies.