Brazil's 'sultry north-east' is a lucrative destination for property investors
Thursday, March 6, 2008
Brazil's 'sultry north-east' has been emphasized as a lucrative destination for property investors, in a British National newspaper.
According to 'The Times' the attractions in the area are obvious, with long, sandy white beaches, high temperatures during January, and the prices of properties being atleast one-third cheaper than its counter-parts in Southern Spain.
The President of Association for Tourism Development and Real Estate in Brazil, Felipe Cavalcante de Melo Lima, has described the property prices in the region as 'stratospheric growth', during the recent past.
Speaking to the media, he said "A few locations have witnessed capital appreciation by more than 1000 percent during the past five years. Lima has also predicted a modest growth of 12 percent this year."
The newspaper focused on the old town of Bahia, located in north-east of Brazil, and it was pointed out as a profitable area, worth investing. The report says that just a couple of years ago, the investors could purchase a run-down property for less than £50,000, but now, even dilapidated town houses are sold at a price of more than £5,00,000.
During early part of this month, 'NuWireInvestor', an independent property website, quoted Brazil, as a top investment destination, with the Latin American county given a second place in its list of 'Top five Latin American real estate markets' released last November.
Social BookmarkingAccording to 'The Times' the attractions in the area are obvious, with long, sandy white beaches, high temperatures during January, and the prices of properties being atleast one-third cheaper than its counter-parts in Southern Spain.
The President of Association for Tourism Development and Real Estate in Brazil, Felipe Cavalcante de Melo Lima, has described the property prices in the region as 'stratospheric growth', during the recent past.
Speaking to the media, he said "A few locations have witnessed capital appreciation by more than 1000 percent during the past five years. Lima has also predicted a modest growth of 12 percent this year."
The newspaper focused on the old town of Bahia, located in north-east of Brazil, and it was pointed out as a profitable area, worth investing. The report says that just a couple of years ago, the investors could purchase a run-down property for less than £50,000, but now, even dilapidated town houses are sold at a price of more than £5,00,000.
During early part of this month, 'NuWireInvestor', an independent property website, quoted Brazil, as a top investment destination, with the Latin American county given a second place in its list of 'Top five Latin American real estate markets' released last November.
Labels: Bahia, Investment-property
posted by EstatesNewz, 12:40 AM
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Salvador de Bahia, considered a magnet for tourists
Wednesday, March 5, 2008
Brazils Salvador de Bahia, is said to be a 'magnet for tourists'.Joao Pedro Fonseca, who has been studying the region's history, told when speaking to the Earth Times that Salvador de Bahia is a marvelous historic center, and is no doubt, a magnet for tourists.
Being considered as the Capital city of Brazil during the period 1549 to 1763, the city has an historic significance, for which, it was awarded the World Heritage status by UNESCO about 22 years ago.
A local conservationist, Aurelio Rocha, said that the region is an 'ideal location for eco-tourism.' Located, just 430 kilometers away from Salvador de Bahia, the holidaymakers get to see the 'unique, natural landscape' of Chapa Diamantina, a plateau with table-mountains, waterfalls, canyons, lagoons and caves.
The Brazilian Institute of Tourism, Embratur, has announced that it expects more than 500 travel industry professionals to participate in the Conference in Brazil, during this summer, and is intended to promote the travel credentials in the country.
The Destination Showcase in Brazil, will take place between 16th and 17th June, which will focus on Latin American destinations such as Lencois Maranhenses, Iguassu Falls, Delta do Parnaiba, Fernando de Noronha, Pantanal, Bahia, Angra dos Reis and Paraty, are few of them.
Labels: Bahia, Environment-friendly, Tourism
posted by EstatesNewz, 12:25 AM
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