A House for Less than $50K? Yep, in Uraguay

A House for Less than $50K? Yep, in Uruguay

Today's Financial News - Posted May 29, 2008

“Mercedes is the kind of place where everyone knows everyone, people are friendly, and you can leave your bicycle unchained on the sidewalk. Best of all, I found an apartment in a great location going for $47,000 and a house for only $45,000.” — Lee Harrison

by Lee Harrison

I’ve enjoyed a lot of great benefits while traveling and writing for International Living over these past few years, but what I enjoy most of all is attending the conferences. Here is where I get a chance to meet face-to-face with hundreds of interesting people, pursuing truly fascinating ideas.

Today I’m writing from the Ultimate Event, in Cancun, Mexico. I’m about to give my presentation on Uruguay, and plan to show the attendees my favorite little city in the entire country: Mercedes.

Tropical Real Estate Deals

Mercedes is the kind of place where everyone knows everyone, people are friendly, and you can leave your bicycle unchained on the sidewalk. Best of all, I found an apartment in a great location going for $47,000 and a house for only $45,000.

Serving as the capital of the department of Soriano, Mercedes sits on a curve of the Río Negro, a clean, lazy river that’s less than a mile wide. It has a permanent population of about 40,000, and the few tourists who visit come mostly from Argentina. The huge, green and shady riverfront park is usually bustling with families out for a sunny afternoon of grilling, swimming, or tending to their boats in the quiet, sheltered marina. Read on to learn more.

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