Best known beach buy in the country is Punta del Este, which has been a draw for Argentine and other South American sun-seekers for decades. This Gold Coast, but an hour-and-a-half from Montevideo, has been enjoying such a boom that rental owners we know have lately reported extraordinary returns, as much as 12% net and more per year.
Located on South America’s eastern seaboard, Uruguay is surrounded by Brazil and Argentina.
While Uruguay qualifies as sleepy, which is both a pro and a con, cities like Rio de Janiero and Buenos Aires are only a quick flight away (or ferry ride in the case of Buenos Aires).
The capital city of Montevideo— the southern-most capital in the western hemisphere—is home to almost half of Uruguay’s 3.49 million residents.