Brazil most popular among investors in June
Wednesday, July 22, 2009
Brazilian property is the most popular among investors as increasing numbers of Brits look to put their cash in bricks and mortar, according to a media outlet.
Homesgofast.com tracked the level of interest in real estate and countries based on both the number of visitors as well as the actual buyer enquiries and have reported that it has seen demand for accommodation in the country beat all of the 70 other regions in which the website operates.
Nicholas Marr, chief executive of the portal confirmed that Brazilian property section has been the number one place for thousands of visitors each day. Poor returns on savings and insecurity about stocks and shares are perhaps leading people to consider Brazil real estate as an alternative investment vehicle.
He commented: "It seems low prices, good infrastructure and some good packaging by developers is making the region irresistible."
According to a report from local news agency Estado, cited by Dow Jones newswires that the there was a 75 per cent rise in the number of people looking to finance buying a property in Brazil during the first half of 2009 which signifies a huge rise in demand for mortgage credit as more people look to take their first step onto the Brazilian property ladder.
In related news, Brazilian property has come third in a list of the most searched-for real estate markets in the MoveChannel.com's June Investment Property Watch report, demonstrating the continuing popularity of the country. According to the website, the World Cup "kicked off new interest in its property sector".
Social BookmarkingHomesgofast.com tracked the level of interest in real estate and countries based on both the number of visitors as well as the actual buyer enquiries and have reported that it has seen demand for accommodation in the country beat all of the 70 other regions in which the website operates.
Nicholas Marr, chief executive of the portal confirmed that Brazilian property section has been the number one place for thousands of visitors each day. Poor returns on savings and insecurity about stocks and shares are perhaps leading people to consider Brazil real estate as an alternative investment vehicle.
He commented: "It seems low prices, good infrastructure and some good packaging by developers is making the region irresistible."
According to a report from local news agency Estado, cited by Dow Jones newswires that the there was a 75 per cent rise in the number of people looking to finance buying a property in Brazil during the first half of 2009 which signifies a huge rise in demand for mortgage credit as more people look to take their first step onto the Brazilian property ladder.
In related news, Brazilian property has come third in a list of the most searched-for real estate markets in the MoveChannel.com's June Investment Property Watch report, demonstrating the continuing popularity of the country. According to the website, the World Cup "kicked off new interest in its property sector".
Labels: British, Investment-property
Brazilian property event Attracts £144m of investment
Sunday, May 31, 2009
The fourth annual business-to-business tourism and real estate event generated R$ 457 million worth of investment capital for the Northeast region of Brazil.
Nordeste Invest, was held at the Maceió Convention Center, in the state of Alagoas from 31st March till 2nd April 2009. The event was attended by Over 100 businesses of 17 different nationalities gathered at the Convention Centre in order to find out about the opportunities of investment in the Brazilian Northeast region. Nordeste Invest was held for the first time in March 2006 and the second event was held in Salvador Bahia consolidated the event as a meeting point for international investors.
Many UK businesses which attended this year's conference have already formed business collaborations with Brazilian companies which include Salamanca Capital from London, Kapital International from Scotland and Property Frontiers in Oxford. The event attracted 1320 participating exhibitors and collaborators; and 105 international investors, of which 73 were funded by ADIT Nordeste and APEX Brazil as delegates from countries such as: Spain, Argentina, Portugal, UK, Italy, France and the United States.
Colony Capital, from US, one of the biggest real estate private equity companies in the world also attended the event to expand their investments in Brazil. Ben Jefferis of Property Frontiers in UK says: "We consider Brazil to be one of the destinations where it is possible to invest in real estate with good return conditions because of the region’s market’s growth projection." This confidence stems again from the region’s economic and political stability demonstrated in the past.
EMBRATUR, the Government's Tourism division, pledged over £2 million to the region at the event. Jeanine Pires President of EMBRATUR, commented; "We want to promote the natural and cultural diversity of Brazil. We want to draw attention to the possible experiences on offer in our sensational country at any time of year; invite people to seek more information about the different types of travel available in Brazil for pleasure or for business."
Social BookmarkingNordeste Invest, was held at the Maceió Convention Center, in the state of Alagoas from 31st March till 2nd April 2009. The event was attended by Over 100 businesses of 17 different nationalities gathered at the Convention Centre in order to find out about the opportunities of investment in the Brazilian Northeast region. Nordeste Invest was held for the first time in March 2006 and the second event was held in Salvador Bahia consolidated the event as a meeting point for international investors.
Many UK businesses which attended this year's conference have already formed business collaborations with Brazilian companies which include Salamanca Capital from London, Kapital International from Scotland and Property Frontiers in Oxford. The event attracted 1320 participating exhibitors and collaborators; and 105 international investors, of which 73 were funded by ADIT Nordeste and APEX Brazil as delegates from countries such as: Spain, Argentina, Portugal, UK, Italy, France and the United States.
Colony Capital, from US, one of the biggest real estate private equity companies in the world also attended the event to expand their investments in Brazil. Ben Jefferis of Property Frontiers in UK says: "We consider Brazil to be one of the destinations where it is possible to invest in real estate with good return conditions because of the region’s market’s growth projection." This confidence stems again from the region’s economic and political stability demonstrated in the past.
EMBRATUR, the Government's Tourism division, pledged over £2 million to the region at the event. Jeanine Pires President of EMBRATUR, commented; "We want to promote the natural and cultural diversity of Brazil. We want to draw attention to the possible experiences on offer in our sensational country at any time of year; invite people to seek more information about the different types of travel available in Brazil for pleasure or for business."
Labels: British, Investment-property
Brazil property getting cheaper due to currency movements
Wednesday, February 18, 2009
Brazilian property is getting cheaper as currency movements over the course of the past few weeks have put Brazilian property investors in a favorable position, it has been claimed.
Deane Roe, account manager for Foreign exchange specialist Moneycorp said that The Brazilian Real is currently being weakened and the currency movements over the past few weeks have been huge and it all works in favor of the US and British buyers. The dollar was worth 2.269 real (£0.70) on the Brazilian Mercantile and Futures Exchange at the opening and when it closed on Friday, this was worth 2.264 real. According to Emerginvest figures, Brazil's economic market posted returns of 13 per cent in the last quarter compared to the US's 4.87 per cent decline
In addition, Industry analysts are claiming that no proper conclusion by the G7 may have exacerbated the problems and this could potentially increase the value of foreign investment in property in Brazil. Dow jones cited a recent poll and has predicted that the real will fall to 2.30 dollars before the end of the year, which could be good news to those looking to buy a home in the country.
Brazil property could become main area of potential investment in 2009, after it was revealed by Kevin Brass, writing for the International Herald Tribune's properties blog raising the Roof, says "huge money from around the world continues to flow into the country" which will assist the real estate market.
Social BookmarkingDeane Roe, account manager for Foreign exchange specialist Moneycorp said that The Brazilian Real is currently being weakened and the currency movements over the past few weeks have been huge and it all works in favor of the US and British buyers. The dollar was worth 2.269 real (£0.70) on the Brazilian Mercantile and Futures Exchange at the opening and when it closed on Friday, this was worth 2.264 real. According to Emerginvest figures, Brazil's economic market posted returns of 13 per cent in the last quarter compared to the US's 4.87 per cent decline
In addition, Industry analysts are claiming that no proper conclusion by the G7 may have exacerbated the problems and this could potentially increase the value of foreign investment in property in Brazil. Dow jones cited a recent poll and has predicted that the real will fall to 2.30 dollars before the end of the year, which could be good news to those looking to buy a home in the country.
Brazil property could become main area of potential investment in 2009, after it was revealed by Kevin Brass, writing for the International Herald Tribune's properties blog raising the Roof, says "huge money from around the world continues to flow into the country" which will assist the real estate market.
Labels: British, Property-prices
Living in Brazil is just 20 per cent of that in the UK
Friday, February 13, 2009
Brazil has been praised by an industry expert for offering a lower cost of living than the UK, which could attract people to property in Brazil.
Romasa Storey, author of Live and Work in Brazil, said that the cost of living is very reasonable compared to the UK and even flights are now cheaper. She added that property in Brazil is far more accessible than it once was as there are now more flight connections to the country.
A new study by Halifax revealed that the rise of the value of the pound against the Brazilian real makes the country a reasonably-priced destination for Brits.
According to the report, in the six months to December 2008, the pound gained 15 per cent against Brazil's currency. Martin Ellis, chief economist at the bank said that “The pound has increased in value against a number of currencies in the past six months, making it more affordable for Britons to holiday in…a number of destinations further afield."
Deane Roe, account manager of the Foreign exchange specialist Moneycorp said that currency movements have put Brazilian property investors in a favorable position. The Brazilian Real is currently being weakened as investors sell off high risk assets and it all works in support of the British buyers. Properties which were sold £67,546 on sep 1 would now cost only £58,000 due the currency fluctuations.
In related news, Paul Collins, property editor for BuyAssociation.co.uk has said that Brazil is becoming a holiday hotspot due in part to its affordability, as the cost of living in the country is just 20 per cent of that in the UK.
Social BookmarkingRomasa Storey, author of Live and Work in Brazil, said that the cost of living is very reasonable compared to the UK and even flights are now cheaper. She added that property in Brazil is far more accessible than it once was as there are now more flight connections to the country.
A new study by Halifax revealed that the rise of the value of the pound against the Brazilian real makes the country a reasonably-priced destination for Brits.
According to the report, in the six months to December 2008, the pound gained 15 per cent against Brazil's currency. Martin Ellis, chief economist at the bank said that “The pound has increased in value against a number of currencies in the past six months, making it more affordable for Britons to holiday in…a number of destinations further afield."
Deane Roe, account manager of the Foreign exchange specialist Moneycorp said that currency movements have put Brazilian property investors in a favorable position. The Brazilian Real is currently being weakened as investors sell off high risk assets and it all works in support of the British buyers. Properties which were sold £67,546 on sep 1 would now cost only £58,000 due the currency fluctuations.
In related news, Paul Collins, property editor for BuyAssociation.co.uk has said that Brazil is becoming a holiday hotspot due in part to its affordability, as the cost of living in the country is just 20 per cent of that in the UK.
Labels: British, Buying-property, Lifestyle
