Real estate investments in Punta del este

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REAL ESTATE SNOBBERY – THE FASHION OF BUYING HOME ABROAD

 

In Sharm el Sheik, between the palm trees and the bougainvillea of that perfect setting which is Coral Bay, Diego Della Valle has just purchased his third villa on the Red Sea. On behalf of his brother Andrea. While they are on the waiting list (but for an apartment) Luigi Abete, president of the BNL, and Jimmy Ghione, correspondent for Striscia la Notizia. In Morocco, on the other hand, Imelde Cavalleri (Pinco Pallino) gave her husband Stefano a spectacular ryad, right in the pink medina of Marrakech, where Maria Sole Moratti Giuliani, the stylist Romeo Gigli and Daniele Lorenzano, Mediaset consultant, also recently bought. Paola Marzotto (who is also thinking of an apartment in Buenos Aires), Roberto and Paula Berger (Hag coffee), the entrepreneur Angela Sgaravatti and the director Livia Giampalmo took home, or rather chacra, in Punta del Este, Uruguay.

Egypt, Morocco, Uruguay: the second home (meaning sometimes the third, fourth and beyond) of Italians is increasingly abroad, not only in countries bordering the Mediterranean. This is confirmed by the latest report by the research institute Real estate scenarios: in 2005, 18,900 residential properties were purchased across the border, an increase of 14.2 percent compared to the previous year (historical maximum since the start of real estate purchases at the abroad, which dates from 1991) and even 76.6 per cent if we compare the figure with that of ’95 (10,700 units).

In short, boom is due to the brick without frontiers launched a few years ago by the usual socialites: from Marta Marzotto to the sisters Carla and Franca Sozzani, to Flavio Briatore. Italians buy it (at least 300 thousand, according to estimates) that Domenico De Masi, a sociology professor at the Sapienza University of Rome, defines as “a vanguard of enterprising people ready to always seize new opportunities

Mallorca: from 80 thousand euros (45 square meter studio apartment in condominium) to 4 million euros (villa in Old Bendinat, close to golf, with two guest houses, private swimming pool and garden).

Hedonistic, cultural, financial, to “satisfy needs that do not simply stop at the aspect of the holiday or the investment”. Even if one makes his accounts. Carefully.

Like Paola Marzotto, owner of a 5-hectare land bought in Punta del Este, she says, “at a great price” and, moreover, tax-free “because Uruguay is a tax as well as a natural and climatic paradise ».
Not surprisingly chased by many despite the distance (they bought Techint’s Rocca, the entrepreneur Giuseppe Cipriani, the financier Paolo Gentili, Anna Rusconi).
So much so that in one year the prices have undergone a surge, while still remaining competitive: a chakra with living rooms, verandas, six bedrooms and five hectares of land does not reach 900 thousand dollars. And, if you wish, you can rent at prices from Costa Smeralda, so much so that more than one buyer has invested in two chacres: with the proceeds, one of the two “comes out almost free”.

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One thought on “Real estate investments in Punta del este”

  • Alessandro Mori

    For more details on investments in Uruguay, Montevideo or Punta del Este and surroundings, you can contact +39 3332505170

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