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WHY THE RUSH TO INVEST IN PROPERTY IN BRAZIL

Thursday, 31 Jul 2008

Although this Latin American country has remained a popular tourist destination for a number of years, it is now also catching the eye of investors, locally and abroad.

Property in Brazil is now being considered one of the most attractive and lucrative options for long term foreign investors.

Thanks to a growing economy, a stable political system and an expanding housing market, this South American country is fast becoming the next best in foreign investments.

Coupled with a beautiful, year-round tropical climate, Brazil has definitely found its niche in an already booming foreign investment market.

It is important, however, to bear in mind that regardless of the vastness of Brazil - there are only a few areas, at present, which offer realistic chances of investment returns.

A predicted rise in housing prices, in and around Brazil, could prove to be highly lucrative to many investors, as most areas in Brazil can expect to see a growth of up to 20 per cent – meaning buyers can later re-sell and walk away with much more than the original purchase price.

A major contributing factor to the increase and considerable growth in Brazil’s housing market lies in the fact that new flights into the country are opening Brazil up to the rest of the world, accordingly increasing and piquing interest from foreign investors.

An obvious prime investment area is the former capital, Rio de Janeiro, already famous for its tourist beaches, carnival and spectacular national backdrop – this popular city remains one of the pivotal economic and social centres in Brazil – and provides brilliant investment opportunities.

The ‘Times’ magazine summed it up perfectly: “Latin America is high on glamour, but low on prices. The perfect mix for investors”

The average property price in these sought after Brazil regions is considerably less than those in Europe, with the average apartment costing at approximately £38 000.

In an attempt to further boost the economy and particularly the housing market growth in Brazil, authorities have taken on a series of infrastructure projects, countrywide, as well as implementing measures in which to improve the social, political and economic situation in Brazil.

What more can be said to further indicate the growing potential of this more than lucrative country.

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