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More investors realize rental potential of Brazilian property

Monday, July 13, 2009

Brazilian property companies have been reporting strong financial results in recent months and investors are realizing the potential of rental property in Brazil which is attracting a new set of buyers to the market.

Steve Worboys, director of Experience International explains that the coming years are set to yield benefits from the government's continued commitment to investing in the country's tourism industry and the new housing plan. The country is well placed, following the announcement that 12 Brazilian cities will host the finals of the football competition and analysts are predicting a boom in property investment around the areas which will stage matches.

He commented: "Rental opportunities will abound and those buying land and real estate in the country should reap the rewards."

Vibecke Lykke Olsen, co-founder of Brazilian property developer ViaMar Groupo asserts that while the north-east of Brazil has always been popular with tourists due to its fantastic year-round climate and the fact that it is the closest point to Europe, the news that the World Cup is coming to Natal will add to its appeal. Paul Irvine, co-founder of Dehouche,says that European investors are attracted to £50,000 beach properties in Natal as it is relatively accessible, according to Daily mail erports.

"I haven't even thought about the prices yet for the World Cup but I'm sure every room will be booked up and people should book early to secure accommodation because it will be expensive, I'm sure of it," she concluded.

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posted by EstatesNewz, 9:44 PM

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