On our radar: Uruguay’s economy is at the beginning of a boom. It’s the third-largest software exporter per capita in the world. Start-ups are thriving. Major VCs like Andreessen Horowitz are investing billions. Google has invested $850,000,000 in the capital city Montevideo, where IBM and Microsoft now have offices. Netflix is doubling down with film production. Momentum is building in sustainable agricultural. This is the tip of the iceberg.
These economic conditions are simultaneously putting Punta del Este on the map for discerning real estate audiences.
No longer just a second-home market for high-net-worth Brazilians and Argentinians, Punta is attracting Americans and Europeans looking for a place to activate their wealth, for a Plan B, or a geopolitical hedge in an uncertain world.
The Government makes it so easy and attractive to buy real estate. Expats can claim tax residency with only 60 days in Uruguay if purchasing property worth $480,000. If you make a $2.6M investment, there’s no residency requirement at all. There’s also no taxes on foreign investment income for 11 years.
Fasano Las Piedras is a high-design destination for travel, luxury residences, leisure and equestrian sports, and branded residences nestled within 480 hectares of natural beauty.
An iconic hotel by Pritzker Prize-winning architect Isay Weinfeld anchors the masterplan, along with a private airport, five restaurants, an Arnold Palmer golf course, tennis courts, a spa, organic gardens, private beach access, a world-famous equestrian center, and a polo field by Nacho Figueras.
Brilliant architect Carolina Proto of Estudio Obra Prima has created four customizable home designs, ranging from 1 to 9 bedrooms for private sites ranging from 3 to 15 acres.
Fasano Las Piedras is the most compelling branded residential offering in Latin America right now. Starting at $2,450,000, it’s a value play compared to other branded destinations in Mexico and Costa Rica, none of which compare in tax favorability.
Designed in consultation with Nacho Figueras overlooking Fasano’s world-renowned polo field and golf course. Customizable as a 4,700-square-foot, three-suite residence or a 6,500-square-foot, five-suite residence, both featuring a sweeping wrap-around terrace with a custom parrilla dining and barbecue pit and large private pool.
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Uruguay is experiencing an economic boom
Punta del Este, once popular with high-net-worth individuals from Brazil and Argentina, is now drawing attention from Americans and Europeans seeking a ‘plan B’ or a geopolitical hedge. With its favorable tax policies, including no taxes on foreign investment income for 11 years, this is an exciting time to explore opportunities, including luxury developments like Fasano Las Piedras.
