Punta del Este: Cheap real estate and a safe haven

Today's Financial News - Posted September 29, 2008

Punta del Este offers great beachfront properties for less than $100,000. And you can find homes inside the city for $60,000. This just might be the best place to hold on to your hard-won cash for the coming financial storm.

If the financial crisis continues for much longer, we might all be considering a move to a tropical paradise… possibly one where they use coconuts as coinage, and the neighbors are mostly wild boars.

Or perhaps, instead of reenacting Robinson Crusoe, you should just invest in a nice vacation home with good amenities, but off the beaten path, where you can bunker down while the rest of the world implodes around you.

And that’s where Laura Sheridan can help you. She’s found a small coastal city in Uruguay with plenty of great property still on the sale block for less than $100,000. Sounds like a great escape to me.

by Laura Sheridan

Baltimore — (TFN): This world-class beach resort has been the playground of rich Europeans for years…yet there are plenty of ocean-view homes for sale for less than $100,000. This doesn’t surprise us. Our recently released Annual Retirement Index puts this country in third place when it comes to bargain real estate…and ranks it fourth overall in terms of world’s top retirement havens.

The country is Uruguay and the world-class resort is Punta del Este. But it’s not only Punta where you can find bargain property prices—the rest of the country is affordable, too. Uruguay ranked 16th last year in our Retirement Index, but this year it rocketed to fourth place.

This diverse country, situated along the coast between Argentina and Brazil, scores high marks across the board in all categories (Special Benefits for Retirees, Cost of Living, Culture, Health, Infrastructure, Safety, and Climate)…but it scores its highest points (90) in our Real Estate category.

Property here is great value. In Punta del Este you will find a world-class beach with ocean-view homes for sale for less than $100,000. Read on to learn where you can find the best values in Punta del Este.

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