Published on 08 May 2008 at 07:45 am
Filed in Property News for Brazil » We Believe in Brazil. We Believe in Brazilian Property
There comes a time in every real estate writers life when you have to stop beating about the bush and that time at Amberlamb is now! Yes, it’s true, we believe in Brazil and what’s more, we believe in Brazilian property and here’s why…
For one thing, Standard and Poor’s have upgraded the nation’s credit rating to ‘investment grade’ – really at this point we need say no more…but we will! For another thing the rate at which the population is expanding in Brazil represents increasing demand. The population is also slowly but steadily enjoying an expansion of personal wealth. Then there’s the oil, the housing shortage, the booming tourism industry and the amazing economy…
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Because non-Brazilians are entitled to own freehold title to the land and property they purchase in Brazil this makes the entire Brazil real estate buying process that much simpler, and because Brazilian real estate is on the whole incredibly attractively priced, the overall appeal of the property market is obvious.
Associated property costs in Brazil such as taxes and maintenance costs are also agreeably low and this adds to the attraction of the sector. For anyone contemplating purchasing in Brazil this is a guide to the buying process.
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Since Brazil’s new administration took office in 2003 the government has succeeded in creating an economy ripe for foreign investor interest and promoting a fiscal and political environment conducive to growth.
These factors alone mean that the real estate sector in Brazil has become far more attractive to overseas investor interest and as international tourism numbers increase and retirement communities are established in Brazil, so the breadth of opportunity for investment is widening.
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Worldwide real estate investor interest in Brazil is intensifying since Brazil has successfully stabilised both its economic and political standing in recent years - as a result the country is now beginning to benefit substantially from international property investment.
It is also a country as incredibly fascinating and beautiful as it is huge; it is in fact the fifth largest country in the world, it borders every single South American country apart from Ecuador and Chile and it has the 10th largest GDP in the world.
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