Hey all and Happy New Year!
Trying to get a handle on the real estate situation in Uy.
We are looking in the Punta Ballena area. Actually from Sauce de Portezuelo to Laguna del Diario up to Laguna del Sauce and even over to El Quijote. Club del Lago, Las Cumbres, Chihuahua, Tio Tom, Ocean Park, Las Grutas, etc..
Have been using Infocasas, Zonaprop, Gallito and Mercado libre for internet search.
It seems that there are thousands of homes for sale that have been listed for years. There are some areas where it appears that every home is for sale.
Could someone please explain what is happening there? Are they all investment houses that were put up for sale as soon as they were built? Is the area in a crisis like during the U.S. housing crash? Are those cool looking contemporary homes really crappy when seen in person?
Wife is Uruguayan and we know where we want to resettle. That isn't issue. Don't like feeling that any house we buy will never get sold.
Will be grateful for any insight.
