The Architect María Villamide, a graduate of the Architecture program at Universidad ORT Uruguay an MSc in Real Estate Business Administration, Economics, and Finance from Kungliga Tekniska högskolan (Sweden), participated in the first edition of the Forbes Real Estate Summit in Uruguay, which featured prominent speakers and more than 300 attendees.
The event highlighted the most significant developments in key real estate projects within the market, as well as business opportunities and the in the sector in recent years.
The event took place on January 16 at Grand Center (Punta del Este) and was sponsored by La Buonora & Asoc. Desarrollos and DDC Desarrollos as main sponsors, the Universidad ORT Uruguay and Campiglia Pilay as gold sponsors and Audico as tech partner. It also received support from the Association of Private Construction Developers of Uruguay (APPCU).
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During the discussion, he analyzed, among other things, how—following a year of market correction in 2023 and a “very poor” 2022 globally in terms of returns for the real estate sector—the current outlook centers on when major central banks will actually begin to cut interest rates.
In this regard, during her presentation, Villamide—director of Inmobiliaria Tizado and director of the consulting firm Julio Villamide y Asociados— noted that the situation in Uruguay, unlike in many other regions of the world, “is quite different,” because interest rates began to fall in 2023, a trend that is expected to continue in 2024 as inflation “is under control.”
“We’re coming off a record year for sales in the residential sector and for the launch of new projects. The market is at a peak of activity, perhaps at the record level we saw in 2012,” added Villamide, who believes that investing in real estate remains one of the “most reliable and tangible” options.
Check out Villamide’s full presentation at the first Uruguayan edition of the Forbes Real Estate Summit:
https://youtu.be/9YXjn618QTY?t=798
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