Price should not be the overriding factor in Brazil
Sunday, January 11, 2009
Low prices do not necessarily mean a good investment in Brazil, according to an analyst.
Dan Johnson, director at TheMoveChannel.com has said that shrewd property investor can get benefits by investing in right markets. Inexpensive, easy to buy and freehold nature of properties don't mean that it is right purchase. He added that there are top parts of the market and there are bottom parts of the market and price should not be the primary concern.
The first thing to consider when buying in Brazil is exactly where and why you are buying the property. Fortaleza is one of Brazil's favourite holiday destination and it ranks 23rd in crime.North eastern Brazil has perfect climate but the property prices are cheap. Some parts in Brazil has real winter and others are painfully hot. So the prosspective expats should do their homework.
Alex Pegley, director of financial advice group Calculis, stated that foreign nationals should get to know the region they are looking at before committing to buying a property. He said this would familiarise the area and see if they like living there full-time.
Overseas property investors should look reputable companies and ensure that they choose an independent lawyer with proven Brazil experience. European investor's have already recognized the benefits of Brazilian investment. Sellers are often offering incentives for buyers and residency is readily available for foreign investors in Brazil.
Social BookmarkingDan Johnson, director at TheMoveChannel.com has said that shrewd property investor can get benefits by investing in right markets. Inexpensive, easy to buy and freehold nature of properties don't mean that it is right purchase. He added that there are top parts of the market and there are bottom parts of the market and price should not be the primary concern.
The first thing to consider when buying in Brazil is exactly where and why you are buying the property. Fortaleza is one of Brazil's favourite holiday destination and it ranks 23rd in crime.North eastern Brazil has perfect climate but the property prices are cheap. Some parts in Brazil has real winter and others are painfully hot. So the prosspective expats should do their homework.
Alex Pegley, director of financial advice group Calculis, stated that foreign nationals should get to know the region they are looking at before committing to buying a property. He said this would familiarise the area and see if they like living there full-time.
Overseas property investors should look reputable companies and ensure that they choose an independent lawyer with proven Brazil experience. European investor's have already recognized the benefits of Brazilian investment. Sellers are often offering incentives for buyers and residency is readily available for foreign investors in Brazil.
Labels: Buying-property, Property-prices
