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Tax breaks on Uruguay’s low-income apartment buildings are attracting Argentine investors

RIO DE JANEIRO, BRAZIL - It's called Vivienda Promovida, and it's designed to attract private investment through tax exemptions for builders, developers, and owners for 10 years.

More and more Argentines are deciding to invest in real estate in Uruguay. According to Uruguay's National Registry Directorate, there are about 90,000 Argentine property owners in the country. In the last decade, an incentive program for contruction of residential buildings in Uruguay has also attracted the interest of local investors.

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