Investment opportunities are the main reason for buying Brazilian property
Saturday, January 23, 2010
Buying a Brazilian property could be an "exceptional investment" chance, according to an expert.
HomesGoFast.com conducted a survey of over 1,000 visitors which showed that simply having a second home was the second most popular reason for getting into overseas property, while relocation and retirement also featured in the research. Nicholas Marr, chief executive officer of HomesGoFast.com, said that International real estate is simply another vehicle for investors seeking to maximize their returns and may account for the popularity of emerging markets such as Brazil and Egypt.
Javier Fernandez-Pena, executive chairman at Spanish construction company Confide Brasil, said that international investors will soon be looking closely at Brazilian property as it is starting to be seen as a fashionable country. He also commented that in the short term, construction work on resorts in the South American country was going to be reliant on internal investors and the number of people looking into property in Brazil is likely to rise "dramatically".
However, Mr. Simcox, sales and business development manager at the International Homes Network suggested that investors need to look at the future management of each property that they buy. "It is going to be an armchair investment so people back in the UK need to make sure that everything is in place to ensure that that property ticks over quite nicely and yields well for them. The capital appreciation will take care of itself," he added.
As well as Rio de Janeiro is set to be a property hotspot in the coming years, with the city hosting the Olympic Games in 2016, while the 90,000 seat Maracana stadium is also expected to host the football World Cup final when the country hosts the event in 2014.
Social BookmarkingHomesGoFast.com conducted a survey of over 1,000 visitors which showed that simply having a second home was the second most popular reason for getting into overseas property, while relocation and retirement also featured in the research. Nicholas Marr, chief executive officer of HomesGoFast.com, said that International real estate is simply another vehicle for investors seeking to maximize their returns and may account for the popularity of emerging markets such as Brazil and Egypt.
Javier Fernandez-Pena, executive chairman at Spanish construction company Confide Brasil, said that international investors will soon be looking closely at Brazilian property as it is starting to be seen as a fashionable country. He also commented that in the short term, construction work on resorts in the South American country was going to be reliant on internal investors and the number of people looking into property in Brazil is likely to rise "dramatically".
However, Mr. Simcox, sales and business development manager at the International Homes Network suggested that investors need to look at the future management of each property that they buy. "It is going to be an armchair investment so people back in the UK need to make sure that everything is in place to ensure that that property ticks over quite nicely and yields well for them. The capital appreciation will take care of itself," he added.
As well as Rio de Janeiro is set to be a property hotspot in the coming years, with the city hosting the Olympic Games in 2016, while the 90,000 seat Maracana stadium is also expected to host the football World Cup final when the country hosts the event in 2014.
Labels: Buying-property, Investment-property
