RISMedia's Real Estate Magazine

JUN 2019

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

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RISMedia's REAL ESTATE June 2019 35 Please describe your current housing market. Charles Wright: We're currently experiencing a slight drop in prices, making it a good time to invest in Uruguay. Depending on location, amenities, etc., apartments can be priced anywhere from $200,000 to millions of dollars, while houses range from $300,000 all the way up into the millions. Tell us about the types of properties in your market and which are most popular. CW: While we primarily sell condos and houses, condos tend to be most popular among Argentinian and Brazilian customers. European and American customers tend to gravitate toward houses and gentleman farms. What types of buyers do you work with? Are they pre- dominantly local, or mixed from other countries? CW: We work with two types of customers: regional (Uruguayan, Argentinian and Brazilian) and non-regional (American and European). While we're native English, German and Spanish speakers, these languages aren't common in Uruguay. Having lived in both Europe and the United States, we not only understand the language, we also understand the mentalities of our customers. What are some of the most important trends in your market? CW: One of the biggest trends we're seeing is the influx of Europeans coming into Uruguay and settling down be - cause it's a peaceful country that's welcoming to foreign- ers. In fact, 96 percent of the country's population is of European origin. It's also important to note that Uruguay has a very good health/medical system, as well as inter - national schools and universities. How does being part of Leading Real Estate Companies of the World ® help advance your business? CW: Working with LeadingRE gives us the opportunity to make ourselves known worldwide, which enables us to get new customers from around the world. We also receive listings and referrals, which we've been able to close successfully. RE For more information, please visit www.lacite.com.uy or laciteuruguay.com.

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