Should I buy or rent a home in Uruguay?
If you have not spent a lot of time in Uruguay, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Uruguay can be a great investment, as the country has a stable economy and a growing real estate market. However, it is important to consider the cost of living in Uruguay, as well as the cost of purchasing a home, before making a decision. Renting a home in Uruguay can be a great option for those who are not ready to commit to buying a home, as it allows for more flexibility and can be more cost-effective in the short-term. Ultimately, the decision to buy or rent a home in Uruguay should be based on individual needs and preferences," remarked another expat who made the move to Uruguay.
"Buying a home in Uruguay may be a desirable option for those looking for a long-term or permanent residence. Purchasing a home may be more expensive in the short-term, but can be beneficial for those who plan to stay in the country for extended periods of time. Renting a home in Uruguay may be a more attractive option for those who would like a shorter-term or transitional residence. It is important to consider budget, lifestyle, and plans for future residency when deciding between buying and renting a home in Uruguay," explained one expat living in Uruguay.
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- What should I pack when moving to Uruguay?
- Where should I setup a bank account in Uruguay?
- Will I be able to find a job in Uruguay?
- What is life like in Uruguay?
- What do expats in Uruguay appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Uruguay?
- Is there a lot of diversity? Are people in Uruguay accepting of differences?
- What are the schools in Uruguay like?
- What are healthcare services like in Uruguay?
- What are medical services in Uruguay like?
- Are healthcare and health insurance expensive in Uruguay?
- What are emergency services like in Uruguay?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Uruguay?
- How are local medical facilities in Uruguay?
- As a foreigner living in Uruguay, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Uruguay?If you live in Uruguay, newcomers to Uruguay would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.