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Alagoas - Brazil's latest six star destination

Wednesday, July 30, 2008

Brazil's property market is creating huge potential for early bird property investors to get greater returns and exploratory investors searching for investment prospects are looking further afield.

Alagoas, the Northeast region's second-smallest state, has over 230 km of perfect coastline. The state is located between Pernambuco in the north and Sergipe in the south and has a population of 3 million. Maceio, the capital of Alagoas has long been a popular Brazilian tourist destination. The opening of the international airport in Maceio, in 2005, has brought it to the attention of international investors.

Alagoas has a year round temperature of 25 degrees with an average of 50mm of rainfall. The clear warm waters and some of the most fabulous beaches in the country offer popular cocktail of sun and the beach. Most of the state has myriad coconut palms and sugar cane, with coral reefs forming swimming pools that are famous for snorkeling and bathing. Holidaymakers can take their families to the country's beach resorts or enjoy the spas on offer in the state.

Felipe Cavalcante, President of ADIT Nordestehas stated that Alagoas is a potential high class tourist and real estate destination. Additional air routes to Alagoas are likely to attract foreign investment in the promising Brazilian property market, where buy-to-let ventures are presently being tipped as one of the most lucrative real estate opportunities. Knight Frank, an international residential and commercial property consultancy, explained the advantage of buying off-plan properties in rising markets that it can save more money.

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posted by EstatesNewz, 6:12 AM

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