Real Estate and Investment, The Corridor
Piriapolis: Hill in the foreground, Cerro San Antonio
What area on the Coast of Uruguay offers the best environment for investing in real estate or developing entrepreneurial business ventures? Beach property is usually at hit, but here’s our opinion on the specific area that’s most fertile for investment. Punta del Este is by no means the whole story.
At Coastal Uruguay, we call this compact area The Corridor. Punta del Este is the center of gravity for an area which extends from Piriapolis, through La Punta, to Jose Ignacio.
Let me offer two map links; the first is a graphic map, which illustrates The Corridor:
The second link below is a satellite view. The geography, towns and the density of population are more clearly defined.
(If you put your mouse cursor on the dots/boxes on the map, it will show the name of the town, area etc. Be sure to use the controls, upper left, to zoom in/out and change the direction of the view east/west & north/south.)
Here’s why we believe identifying this area is important. In the last several weeks we’ve had questions about remote areas such as La Paloma, San Antonio and Cabo Polonio. Carlos Wiggen explains these places best, “If you want to live in splendid isolation, these villages are wonderful.” Hum????? Naw. Not me! These are not places money can be made; there’s no infrastructure and a social life would be nearly impossible for foreigners.
Here’s the investment rational for this zone. The Corridor is near a major international city, Montevideo. Piriapolis is less than one hour from Montevideo and Jose Ignacio is less than two hours, basic criteria for mobile international investors fulfilled. So it is like this, Piriapolis is the most beautiful place in Uruguay, not just the Coast, so it’s position is cemented. La Punta is the most developed, and is the center. Jose Ignacio is trendy, with the most cache.
Going back to the satellite view you’ll see there’s little between Piriapolis and Punta Ballena, which is part of La Punta for all practical purposes, but untouched beach. On the opposite side of La Punta is La Barra. Between La Barra and picturesque Jose Ignacio, there is nothing but kilometers and kilometers of undeveloped, pristine beach.
Investors and entrepreneurs for hundreds, if not thousands of years, have used a similar model to find opportunity.
On a planetary level, there are few coastal areas that offer this potent mix of assets.
PS: The hill would make a great location for a satellite system to provide ultra fast, big pipe Broad Band service to the Piriapolis area.