Brazil property market considered lucrative among first-time buyers
Monday, March 31, 2008
According to a recent trend noticed among British buyers, most of them are considering to purchase their first property abroad.
A property website, BuyAssociation, offers impartial advice on overseas properties. Now that it is getting harder to get on to the UK property ladder, most first-time buyers are turning towards more profitable markets, such as Brazil.
The Property Editor for BuyAssociation, Paul Collins, said "The prices of properties abroad are lower, and in a few countries, it is a lot easier to actually climb on to the housing ladder. A few of the markets are growing at a fast pace, so that you can make a good deal, fairly quickly in these markets, and hopefully, that will help in climbing up the property ladder in UK."
According to a study report by UK National Savings and Investments, it has been found that 84 percent of those in the younger age group (18yrs to 30yrs), believe that purchasing a property abroad, is a more profitable option, than purchasing it in Britain.
During the past five years, the prices of properties in Brazil have risen by 20 percent, and in the year 2006, this has even surpassed a few areas in the North-East.
Social BookmarkingA property website, BuyAssociation, offers impartial advice on overseas properties. Now that it is getting harder to get on to the UK property ladder, most first-time buyers are turning towards more profitable markets, such as Brazil.
The Property Editor for BuyAssociation, Paul Collins, said "The prices of properties abroad are lower, and in a few countries, it is a lot easier to actually climb on to the housing ladder. A few of the markets are growing at a fast pace, so that you can make a good deal, fairly quickly in these markets, and hopefully, that will help in climbing up the property ladder in UK."
According to a study report by UK National Savings and Investments, it has been found that 84 percent of those in the younger age group (18yrs to 30yrs), believe that purchasing a property abroad, is a more profitable option, than purchasing it in Britain.
During the past five years, the prices of properties in Brazil have risen by 20 percent, and in the year 2006, this has even surpassed a few areas in the North-East.
Labels: Property-prices
