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Overseas Real Estate: $55,000 for a home in paradise

Today's Financial News - Posted October 14, 2008

by Lee Harrison, International Living

Four years ago, Fray Bentos had the charming feel of a waterfront town that was left back in time. But not anymore.

It’s still charming…but it’s now at the leading edge of Uruguay’s prosperity.

Fray Bentos is perched on the banks of the four-mile-wide Uruguay River. Tall sycamores shade its nicely maintained plazas, and the large waterfront park is lush, green, and cheerful.

On a recent trip, I walked the town’s quiet streets, enjoyed some fine waterfront dining, and spent a lazy afternoon swimming and sunning on the nearby beach at Las Cañas. The town had a whole different feel than it did four years ago… thanks to the giant new paper plant constructed here by Finnish company Metsa-Botnia about a mile outside of town.

I passed many people speaking English, as almost all of the plant’s Finnish employees and their families seem to speak it. I even found an English-Spanish bilingual high school, which is quite rare in Uruguay.

I saw a two-bedroom, one-bath house right on the main street (18 de julio) only a block from the river and riverside park. The asking price was $55,000. And in the center of town, just a block in from the water, I found a colonial house for sale with four bedrooms, one bath, fireplace, and a nice interior yard. The asking price was just $40,000. Find out how you could learn more about these properties (and more just like them) here…


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One Response to “Overseas Real Estate: $55,000 for a home in paradise”

  • larnaca apartments Says:
    November 17th, 2008 at 3:04 am

    I walked the town’s quiet streets, enjoyed some fine waterfront dining, and spent a lazy afternoon swimming and sunning on the nearby beach at Las Cañas. The town had a whole different feel than it did four years ago… thanks to the giant new paper plant constructed here by Finnish company Metsa-Botnia about a mile outside of town

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