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