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Buying a land plot in Brazil could be a lucrative move

Friday, October 2, 2009

Buying a land plot in Brazil could be sound financial investment despite the current economic downturn, according to an industry expert.

Tim Morgan, managing director of Emerging Real Estate claimed Brazilian property property provides a 16 per cent return over two years and added that clients can buy land plots with a low entry cost could be the perfect choice for property investors.

"As touted by all the economic experts, Brazil currently represents the best buy. The high price of property and adverse credit conditions across the globe mean that many investors are re-analysing their strategies and are less likely to layout large capital sums," he added. Mr Morgan suggested Cocoa Beach, on the Brazilian coast, for foreign investors as it is set on golden sands and allows them to reap the benefits of short-term capital gain before deciding whether to sell the land or set up their dream holiday home.

Liam Bailey, from Write about Property, said that winter is a great time to purchase a property in Brazil as the colder weather drives more people to consider buying a holiday home abroad. Many people choose to buy property in the northeast of the country, as it is an established yet growing tourist destination with year round sunshine. So, as part of your research, you should be looking at how popular an area is with the Brazilians themselves.

Increased availability of financing and recent media reports have forecasted growth in Brazil's mortgage market, which, being only two years in the making also has helped to increase Brazilian property values. Given that the Brazilian real estate ranks second in the world for capital appreciation, based on the research from the Association of Foreign Investors in Real Estate, it is no wonder that overseas investors are showing interest in the country.

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posted by EstatesNewz, 7:32 PM 0 Comments | Links to this post