Published on 11 October 2007 at 07:00 pm
Filed in Property News for Brazil » Review of Property Investment Prospects in Brazil
Should you or shouldn’t you seriously be considering investing in property in Brazil? This is the one question many real estate investors are asking right now because without putting too fine a point on it, Brazil is quite possibly being billed as the hottest property market prospect currently by every man and his dog.
It’s true - everyone is talking about Brazil and its rapid emergence as the place to be investing, the place to be holidaying, playing golf, buying a second home and just generally exploring – for goodness sake, even the Sunday Mirror newspaper was recently caught extolling the virtues of buying property in Brazil…so just what is it about this particular nation with its rapidly developing property market that has so many people so hot under the collar? Here’s a review of the property investment prospects in Brazil for those of you who need a little reminder.
Brazil is quite simply ticking every single box in terms of desirability, accessibility, affordability and stability - and many believe it could therefore present property investors with the best chance to profit substantially over the short to medium term.
Essential fundamentals supporting the appeal of Brazil’s property market include the fact that the government and economy in Brazil are stable and that the government is behind a sustained effort to improve the nation’s appeal for tourism and to promote Brazil’s virtues worldwide. Their efforts are already paying off as the World Travel and Tourism Council has reported that tourism growth rates in Brazil are almost 3% higher than the global average.
On top of these factors the most beautiful, temperate, exotic and desirable part of Brazil is its north-eastern state of Rio Grande do Norte - and this part of the nation is not only a hot holiday prospect, it is being significantly invested into to become the number one real estate location in Brazil for foreign buyers as well.
The good news is that this part of the country is highly accessible from the UK and mainland Europe, reachable in under 8 hours flying time - and now even the UAE international air carrier Emirates is in on the market as it has just started offering direct flights from Dubai to Brazil bringing even more potential tourism and property investor traffic to the region.
Finally, if any doubt lingers in a potential investor’s mind about the sustainability of opportunity in Brazil, let the doubts be cast aside by the news that General Electric Real Estate has committed to a long term programme of property investment in Brazil – so confident are the real estate investment giants that there is inimitable potential for property based profits in this stunning South American country.
In terms of where to invest in property in Brazil – well, with over 300 days of unadulterated sunshine, yearly average temperature in the upper 20 degrees centigrade, a cost of living at least a fifth that of the UK, rapidly improving infrastructure, rapidly developing amenities and hundreds of kilometres of pristine, white sandy beaches, the aforementioned north-eastern state of Rio Grande do Norte is proving the most popular with property seekers…but really, this is an entire nation of opportunity and so if you’re interest has been tickled by the potential prospects of investing in property in Brazil – take a trip and take a look at what’s on offer!
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