Plaza Independencia montevideo

Montevideo’s Overlooked Sector That Offers An Enviable Lifestyle

Plus: “Are They Really Turning People Away From Ecuador?”

Montevideo, Uruguay

Uruguayan properties trade in U.S. dollars

Dear Overseas Property Alert Reader,

Montevideo’s Centro district is one of the city’s least expensive areas for living and buying property, but it offers what I believe to be the city’s best urban lifestyle.

Centro has the character of old Montevideo. It feels much more like old Europe than Latin America, and both the buildings and the people maintain an Old World charm that I haven’t seen anywhere else.

As you watch the neighbors dancing tango in the square or listen to old men with heavy Italian accents debating the world’s problems over cappuccinos and whiskey, you’ll realize that you’re a long way from Ecuador, Colombia, or Panama.

Centro is overlooked by most property buyers, as people focus on the adjacent historic center or the more upscale areas of the city, to the east. In fact, my own most recent apartment in Montevideo was in the more exclusive Punta Carretas… but time and again, I found myself heading back to Centro to enjoy the restaurants, theater, or music scene. Centro offers a rich lifestyle that’s unique in the city.

Centro is convenient. It’s right next to Ciudad Vieja (Montevideo’s historic center), so its residents are within easy walking distance to Continue reading

centro colored houses

Why This Coastal Pacific Market Offers Fresh Opportunities In 2015

Plus: Looking For Projects That Are Close To Nature
April 28, 2015
Mazatlán, Sinaloa, MexicoUS$1=C$1.23=15.83 Mexican pesosDear Overseas Property Alert Reader,

Mazatlán, Mexico, opened its first tourist hotel and restaurant in 1850 and has been a major international tourist destination since the 1940s. It began to fall out of favor in the 1970s, as more travelers opted for its cousin Puerto Vallarta, some 270 miles to the south.

But Mazatlán has undergone a mostly unnoticed resurgence during the past few years and has gained popularity with tourists, travelers, and expats.

A big factor in this comeback is Mazatlán’s historic center, which has undergone a rebirth and now rivals the beach scene in popularity.

Prices for seafront properties are good in Mazatlán, by North American and most Latin American standards. And, recently, a market quirk involving the Canadian dollar has resulted in some properties trading at an additional 20% discount when compared to just two years ago.

Mazatlán is located on Mexico’s Pacific coast, one (long) day’s drive from the U.S. border. The main attraction here is almost 20 miles of beautiful beaches bordering the deep blue Pacific.

The beaches are lined with an excellent resort infrastructure, with loads of shopping, restaurants, and cafes, as well as the requisite banks and commercial establishments needed for full-time living.

Continue reading