Colonia is just one of Uruguay’s lesser-known cities for foreign property investors. However, if you’re looking for property in the smaller town in Uruguay, Colonia del Sacramento is a superb value for money.
Colonia is one of Uruguay’s oldest towns. It’s located right across the river from Buenos Aires, Argentina, with ferries running between your two cities repeatedly each day. Colonia boasts beautiful old architecture plus a quieter pace than Buenos Aires. It really is situated close to the river, and so the views from downtown may be beautiful. The architecture in Colonia is similar to that regarding old Lisbon, with noticeably Portuguese features.
In recent years, investment in properties in Uruguay by foreigners has grown sharply. That is due to the incredible value which can be present in property here, especially when compared to cities in america and Europe. Properties in Colonia, Uruguay cost more than various other regions of Uruguay as a result of wide range of tourist traffic here. You’ll pay more for investment properties in Colonia, but, if you let to vacationers, you’ll make a good rental income, too.
Apartments in downtown Colonia are quite simple to get, and may be purchased for a good price. In addition there are homes available from the city limits. You will find apartments on the beach, too, but homes on the beach are hard to find because they so rarely show up available for sale and since countless buyers desire to purchase them.
