What do I need to know when buying property in Uruguay?

"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the legal requirements for purchasing property in Uruguay, including the need for a local lawyer to assist with the process. 3. It is important to understand the tax implications of purchasing property in Uruguay, including the need to pay capital gains tax on any profits made from the sale of the property. 4. It is important to understand the local infrastructure and amenities in the area, including access to public transportation, schools, hospitals, and other services. 5. It is important to understand the local culture and customs, as well as the language, in order to ensure a smooth transition into the new environment. 6. It is important to understand the local banking system and the availability of financing options for purchasing property in Uruguay. 7. It is important to understand the local rental market and the potential for rental income from the property," explained one expat living in Uruguay.

"Before purchasing any home and/or property, anywhere for that matter, it's always important to do lots and lots of research. Talking to veteran expats is always helpful to get a perspective from your culture's eyes. Also, if time and finances allow, living in an desired area temporarily helps to get a feel of that areas specifics before taking the plunge. Small things like local services, food markets and schools are all make or break for some people, so it's best to check them out first," said another in Coastal Uruguay, Uruguay.

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Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.
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