Uruguay Investment: Economy
When investing in Uruguay, property buyers will be pleased to hear that the Uruguay economy has repeatedly had its economic forecasts adjusted upwards and attained economic growth of 10.9% in Q1 of 2008. With growth on an upward trajectory and unemployment in Uruguay decreasing to 7.5% in June 2008, the economy is looking healthy for Uruguay property investors.
The Uruguay economy made an impressive turnaround in 2003 and led Standard & Poor to raise the Uruguay credit rating. The ratings prove that Uruguay is successfully is turning itself around to meet the challenges of the 21st century and are an indication of investment potential in Uruguay.
Uruguay Investment: Tourist Industry
Uruguay tourism is a burgeoning sector of the Uruguay economy, although it is still relatively underdeveloped. Visitor numbers rose by 17.48% over the year to May 2008 and the growing Uruguay tourist sector is expected to create 175,000 jobs, representing 10.9% of the 2007 job market in Uruguay. Higher tourism means that there is increased Uruguay rental potential due to higher demand for tourist accommodation, making investment in Uruguay property a good choice.
Uruguay Investment: Property Market
If you decide to buy Uruguay property you will find it offers excellent value for money and high capital gains. The Uruguay property market is popular with Brazilians and Argentineans, particularly the upmarket resort of Punta del Este in the south of the country, which is just a short flight from Săo Paulo and Buenos Aires. Montevideo property saw prices rises of 13% in 2007.
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