The Brazilian city of Natal has been highlighted as a potentially good destination for overseas property investors.
Martin Bellamy, chief executive of Salamanca Capital, said that Natal is better for properties rather than places such as Rio de Janeiro and Sao Paulo. He said there are "so many facets that support investment" here, while there is also a lower barrier to entry than there is in Rio or Sao Paulo, where "competition is fierce", According to Globest.com reports.
Meanwhile, Marcelo Freitas, chief financial officer of Ecocil agreed, commenting that Natal will be boosted by the 2014 football World Cup.
According to the Telegraph, Natal's popularity with foreign investors was largely attributed to the ease of access from abroad, as it is directly accessible from the UK. The new international airport has p rompted the publication to predict that it will trigger a period of positive growth in the local housing market, as its improved connectivity should boost interest in the region. Furthermore, the increased accessibility should lead to greater tourism in the region, which in turn will create extra demand for rental accommodation.
Speaking to the publication, property investor Louise Brown commented: "It has year-round sun and this huge airport about to open." She added that it was very cheap to invest in Brazil at the moment and that the market has "huge potential".
This comes after north-east Brazil was described as a "hidden gem" by NuWire Investor, as it offers a number of attractions such as a strong economy and a growing tourist trade. This means that buyers could potentially take advantage of the increasing demand for rental accommodation across the area and take advantage of growth in the housing market.
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