| Area: 176,220 sq km (72,930 sq miles) Population: 3,305,700 (Figure for 2005) Capital City: Montevideo (population: 1,326,064) People: 88% European descent, 6% African descent, 6% miscellaneous Language(s): Spanish Religion(s): Roman Catholic 47.1%, , Non-catholic Christians 11.1%, Afro beliefs 0.6%, Jewish 0.3%, Atheist or Agnostic 17.2%, Non-confessional 23.2%, Others 0.4%. Currency: Peso Uruguayo ($)
Everyone seems to be speaking about Argentina at the moment. But few people know that super rich Argentines and Brazilians are choosing Uruguay as their holiday playground, whilst Americans are increasingly choosing the country as a retirement destination because of its low cost of living, and world-class beaches.
The country is diverse. Montevideo is an old-world European style city with fine restaurants, colorful markets, sycamore-lined streets and a cultural scene second to none. Here you'll encounter an honest, European culture thats representative of what you'll see throughout the country. Punta del Este has been South Americas premier beach resort for generations, with its well-maintained beaches, exquisite restaurants, hotels, casinos, and events of every description. This is now set to spread up the coast.
The US Department of State performed a study last year that showed Uruguay to be among the least expensive places in the world to live. Who was higher? Places like Peru. Who was lower? Swaziland, Gambia, and Nepal.
With fantastic retirement benefits, beautiful climate, a rising tourist industry, rising property yields and an economy firmly on the road to recovery following crisis in 2002 - It seems the future is bright for Uruguay and her property market. |