The Great British pound is anything less than ‘great’ against the euro right now with a pound buying a paltry 1.25 euros at the time of writing. The euro has seen its largest ever year-on-year gain (17.26%) against the British currency and everything eurozone is looking expensive from piña coladas to property. However a Brit’s wallet will still find things cheap across the pond and real estate agents such as GEM Estates are responding by beefing up their dollar property portfolio.

Uruguay property is new on the European property radar for 2008. This south american market has 3 main property investment locations Montevideo, Colonia and Punta del Este.