Funnily enough, Uruguay is known as the Switzerland of South America, a nickname earned for its banking secrecy regulations, as well as its peaceful history and lack of corruption. This little country is wedged in between Brazil, Argentina, the Rio de la Plata, and the Atlantic Ocean. It’s known for its beautiful coastline featuring bustling resort city Punta del Este, a famed jet-set destination, as well as quieter, more low-key beach towns where you’ll won’t see a condo tower. The capital, Montevideo, has a historic center surrounded by a modern metropolis and is home most of the country’s population.
If you’re looking for a quieter existence, you might check out inland rural areas, whether it’s the vast grasslands, known as pampas, which are often home to vast cattle ranches and other agricultural operations, or one of the mountainous forested regions.
In the latter, rural estates are known as chacras. One of these, near the city of Minas in the south of the country and just 1.5-hours’ drive from the beach, features a two-bedroom home surrounded by trees on 45 acres. A stream runs through the property, which also borders a river. If you’re looking for a homestead, this could be your place.
There are two types of property taxes in Uruguay. The contribución inmobiliaria is a municipal tax which ranges from 0.25% to 1.4% of the property’s value. The impuesto a la enseñanza primaria funds education and has a rate from 0.1% to 0.3%.
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I haven’t visited this property or done due diligence on it. If you’re interested in the listing, you should hire an attorney and do your own due diligence.