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why is this South American country, sandwiched between Argentina, Brazil and the Atlantic Ocean, so attractive to foreign investors?
“Uruguay is a small area in the broader region where buyers find better prices and political and economic stability,” said Eduardo Caldeyro from Caldeyro-Stajano, a land sales broker.
“Curiously enough, for the first time we are receiving enquiries from Americans; within South America we get calls from Argentines, Brazilians and a few Colombians. From Europe, it is mostly Spanish real estate investors, who are facing a sharp slowdown there.”