Friday, August 05, 2011
Dear Reader,
In the Uruguayan province of Rocha, waves crash from the blue sea onto the wide, white sands. Small, rolling dunes…like you would see on Nantucket (off Cape Cod) separate the beach from gently rolling hills.
Just inland from the ocean, the protected 22,000 acre Laguna de Rocha is a nature lover’s and boater’s paradise, surrounded by pristine wilderness.
This part of Uruguay’s unspoiled coast also hosts the country’s best beaches, with vast stretches of unspoiled sand bordering deep, blue waters. In fact, the beaches here are even nicer than in Punta del Este just down the coast… where the jet set has been known to pay more than $7 million for a condo.
The cheerful and energetic La Paloma is the area’s biggest beach town, while the upmarket La Pedrera has a quieter and more genteel ambiance. Tiny Cabo Polonia is famous for its shifting sand dunes, and bohemian residents.
Rocha is a special place…a great place to visit and spend time.
But it’s also a place where we can profit.
The province of Rocha stretches east from Punta del Este to the border with Brazil. As development continues to move steadily up the coast from Punta I expect real estate prices will rise in Rocha.
This stretch of coast is in the sights of a handful of international developers. Argentina’s most prominent developer, Eduardo Constantini, is planning a $350 million project here. There have been newspaper reports of another planned community by the founder of clothing chains Mango and Etiqueta Negra.
The big driver in Uruguay is the “soya dollar”. That is, the agro-wealth that’s been created within Uruguay, as well as neighboring Brazil and Argentina. Also fueling the fire, Uruguay’s tourism numbers are up an astonishing 40% as of January, 2011, bringing more people to the scene.
Buyers from neighboring countries are here in force…from Brazil because it’s booming… and from Argentina, because inflation is driving prices up, and they’re looking for a safe haven for their money.
Rocha is a place that’s on my radar.
Developer Daniel Oks’ amenity-rich project, La Serena Golf, is close to one of the best beaches in Rocha, and the Laguna de Rocha. Residents will enjoy golf and tennis within the gates of their community.
Half-acre lots in La Serena are available from $31,900.
It’s important to understand that the market of wealthy Argentineans that drive the market here can be particular in their tastes. A place or a project can become very fashionable, and buyers will flood in. This can be led by an influential person or group. They get their other influential friends in from the get-go and start the trend.
And developer Daniel Oks is just such a person…the kind that people watch when they’re looking for such a trend, and the kind of person who leads such trends.
Daniel is a prominent former banker from Buenos Aires. He is well connected. And his real estate development track record is on full view in glossy books on the coffee tables of Argentina’s wealthy. His projects include some of the region’s most photographed, high-end, and architecturally unique homes. He has proven his capacity to attract the right clientele.
Now’s your chance to benefit from Daniel’s track record, and capitalize on the growing trend in Rocha. Contact Daniel here to get a full information pack on La Serena.
Ronan McMahon
Posted Under:
uruguay, appreciation potential, affordable
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