Sao Paulo with its ideal location and its growing economy has become a big draw for many foreign investors.
Reporte Inmobiliario, Argentinean real estate consulting firm has named Sao Paulo as the largest city in Latin America with the highest prices in commercial and residential properties in the region. Real estate is seeing incredible growth in terms of value as well as in the tourism markets here.
Property prices in the area are expected to rise significantly in the next years with Sao Paulo possibly hosting the 2014 Football World Cup. Overseas investors are recommended to take full advantage of the forthcoming price increases by snapping up a residence. Sao Paulo has also seen an enormous increase in foreign direct investment in the last few years and it is by far the most affluent economy in Brazil.
Brazzil mag has reported that Prices in Sao Paulo for a garden tower terrace range from $3,000 (£1,500) per square meter compared with a Montevideo where a similar property costs around $1,200 (£600) per square meter. Property experts believe that though things have got more expensive, they're still much better off than investors would get in countries like England. The weak US dollar provides a perfect chance to buy a little luxury in Sao Paulo at price foreign buyers might not normally be able to afford.
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