Property experts recommend investors to go Brazil
Thursday, April 17, 2008
IN2 property investment, specialists in overseas property investments has said that
With the property market in Spain facing an uncertain future, Brazil is emerging as the next big thing on the world's property investment market. Brazil has long been a favourite travel destination and a new breed of experienced and adventurous investors are increasingly looking to make their trip more permanent and acquire property in the country. Tourist trade reached an amazing £5 billion in 2007 which is 14.76% more than that in 2006.
IN2 property investments are now singling out Brazil as the next big property hotspot in the South American region. Brazil offers high rental yields of 4-6% and house price saw an increase of 20% in some areas last year. A study carried out on the overseas property market by Datamonitor, for Overseas Property Professional magazine, finds younger buyers of UK are increasingly turning to newer, emerging markets like Brazil. Brazilian Properties cost only 70% of those in similar European resorts.
Goldman Sachs economics report in 2001 predicted that Brazil will become one of the most dominant countries in the future and the International Monetary Fund expects Brazil economy to grow by 4.4 per cent in 2008 and so the property investment in Brazil is spiraling upwards. Real estate specialist The Overseas Property Agency reckons that there are many good reasons to buy in Brazil like the lowering interest rates and controlled inflation rate.
Then again, economic growth is not the only one factor influencing property investment overseas property investors are attracted by the burgeoning tourism, valued second-home market, spectacular coastline, magnificent natural beauty, year round sun shine and temperate weather.
Social BookmarkingWith the property market in Spain facing an uncertain future, Brazil is emerging as the next big thing on the world's property investment market. Brazil has long been a favourite travel destination and a new breed of experienced and adventurous investors are increasingly looking to make their trip more permanent and acquire property in the country. Tourist trade reached an amazing £5 billion in 2007 which is 14.76% more than that in 2006.
IN2 property investments are now singling out Brazil as the next big property hotspot in the South American region. Brazil offers high rental yields of 4-6% and house price saw an increase of 20% in some areas last year. A study carried out on the overseas property market by Datamonitor, for Overseas Property Professional magazine, finds younger buyers of UK are increasingly turning to newer, emerging markets like Brazil. Brazilian Properties cost only 70% of those in similar European resorts.
Goldman Sachs economics report in 2001 predicted that Brazil will become one of the most dominant countries in the future and the International Monetary Fund expects Brazil economy to grow by 4.4 per cent in 2008 and so the property investment in Brazil is spiraling upwards. Real estate specialist The Overseas Property Agency reckons that there are many good reasons to buy in Brazil like the lowering interest rates and controlled inflation rate.
Then again, economic growth is not the only one factor influencing property investment overseas property investors are attracted by the burgeoning tourism, valued second-home market, spectacular coastline, magnificent natural beauty, year round sun shine and temperate weather.
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