Interesting when the above property guide only gives Brazil 2 out of 5 for investing potential :
Positives
1. Biggest in Latin America
2. Pro-landlord rental market
Negatives
1. Moderate to high rental income tax - 25% with no allowable deductions!
2. Moderate transaction costs
3. Inflation is higher than yields
4. High inequality & poverty

Although, I can see why people are buying there, its so easy. I've been able to research Uruguay well enough, but dont think I'll be able to source a deal without travelling there myself. Probably the best way, but it is time consuming.

(Note : not condemming Brazil, I have invested there too.)