Expats Flock To Uruguay
The Uruguayan government is attempting to build an international community, causing many British Expats to head there already
London, UK (Pryce Warner International) May 18, 2012 – With affordable property prices, a European ambience and high standard of living, Uruguay is attracting more and more Expats.
Uruguay also has a government aiming to bring in more and more skilled foreign workers as well as entice nationals that have emigrated back home. This is because the expanding economy is creating more jobs than can be filled by residents.
Ratings agency Fitch recently upgraded its outlook on the Uruguayan economy stating that is had becoming increasingly diversified and supported high levels of foreign direct investment.
The majority of Expats are moving to Montevideo, the nation’s capital and home to half the country’s population of 7 million. Other areas like Costa del Oro, Piriapolis and Punta del Este are also highly popular with Expats.
Bill Tickle, a British Expat who has retired to Uruguay, said: "There's a real sense of optimism here. People are working, they're getting ahead, and the international community is attracting that type of person, too. They see opportunity."
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By Aneil Fatania
Financial Editor
Pryce Warner International Group
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