Acqua Building Gives Room for a Safe Investment

PUNTA DEL ESTE, Uruguay -

Punta del Este is the beating heart of Uruguay, renowned for being the most exclusive beach-resort in Latin America and a meeting place for international jetsetters. Punta also holds the distinction of being the country’s most attractive place for real estate investment. With an unprecedented residential offering that exceeds the highest living standards, the recently completed 34-unit Acqua Building has strengthened this rising market and taken it to a higher level.

(Photo: www.newscom.com/cgi-bin/prnh/20090713/ARM001 )

Conceived by famed architect Rafael Vinoly, the critically-praised Acqua Building sets the pace for discerning global visitors and investors. Overlooking miles of pristine beaches, the spacious apartments are constructed from bright, warm materials, including aluminum glazing and Jura stone facades and flooring. The natural light-filled residences feature unmatched construction and design details, while external sundecks, terraces and massive windows blur the edges between outdoor and indoor living.

SECURE INVESTMENT CLIMATE FOR FOREIGNERS

Given the depreciation of the US Dollar and the prevailing mistrust in financial systems, many investors are choosing to secure their savings in high-end residential assets like the Acqua Building. A property of such distinctive caliber in a country like Uruguay, long known for its fiscal, political and economic stability, ensures a safe investment.

As befits the nation dubbed “The Switzerland of South America,” Uruguay’s foreign direct investment reached 2,044 million dollars in the last year (an increase of 67% over 2007’s results) and has seen sustained economic growth over the past years with 8.9% GDP growth in 2008, while the average increase of property value was of 14%. In addition, this unique country has a long and firmly established tradition of freedom in foreign exchange and capital flow operations: all currencies are legal tender (the US dollar is commonly used in real estate transactions) and flows of capital are free.

Uruguay is one of the few countries in the world that does not have global taxation, which means that you are only taxed on the income generated in Uruguay. Additionally, it is an excellent alternative for foreign investors, who also benefit from liberal, straightforward real estate laws that allow them to buy freely. In contrast to other nations, Uruguay does not have any specific restrictions for foreigners seeking to purchase properties here.

ABOUT PUNTA DEL ESTE

Punta del Este is renowned for being one of the most exclusive beach resort locations in South America and a meeting place for international jetsetters. Celebrities and famous business, art, and fashion personalities gather here each summer season to enjoy this exciting destination. The unique charm of Punta del Este is that it offers a variety of activities that combine luxury, sophistication, social events, gastronomy, casinos and night life, with a beautiful and rustic countryside, extensive beaches of white sand and residences, and endless opportunities to enjoy life outdoors such as golf, polo, tennis and water sports. The port, of singular beauty, is a destination for numerous international regattas.

FOR MORE INFORMATION: Go to www.acqua.com.uy or email flor@acqua.com.uy

Source: Acqua

Flor Vrljicak of Acqua, +598-98-100-862, flor at acqua.com.uy/; Photo: NewsCom: https://www.newscom.com/cgi-bin/prnh/20090713/ARM001