Foreign investors in real estate expect to spend significantly more around the world, particularly in Brazil in 2009 than they did in 2008, according to reports.

The 17th Annual AFIRE (Association of Foreign Investors in Real Estate) Foreign Investment Survey conducted by the James A. Graaskamp center for Real estate at the Wisconsin School of Business placed Brazil 2nd in countries offering the best opportunity for capital appreciation. Brazil moved 10 places to replace China as the second best opportunity for capital appreciation behind the U.S.

According to figures from the United Nations Conference on Trade and Development, Foreign direct investment in Brazil amounted to $41.7 million last year compared to $34.6 million in 2007. Meanwhile, Michael Sutton of Write about Property said that Brazil property is to double in value over the next five years. He explained that Brazil growing into one of the fifth largest economies in the world over the next 5 years, this would see Brazil property grow from its current price to prices similar to those found in the world's bigger economies.

According to the Daily mail, Paul Irvine, co-founder of Dehouche said that Brazil continues to be considered the country with the most stable and secure real estate investment opportunities and the leading market for capital appreciation. "Most investors are motivated by capital appreciation - prices have been going up steadily - and the lifestyle. Brazil's all about living life to the full," he asserts.

Labels: Investment-property, Lifestyle

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.

Labels: British, Buying-property, Lifestyle

Research by NatWest has found that Britons are increasingly attracted by the option of working abroad or retiring in an overseas country. A British expat who own property in Brazil have declared that the Latin American nation is one of the "safest places in the world", it has been reported.

The telegraph has reported that Damon Kestle and his pregnant wife from North London are planning to migrate to Brazil next year. He said that the move is to just expand his business horizons overseas; but also he is attracted by the actual lifestyle opportunity presented by Brazil as it offers a better standard of living than the UK, as well as lower crime rates.

There are lovely suburbs where the criminal activity is comparatively very low. You can wander around in Brazil countryside safely even at night, without any fears you can enjoy the evening, the beautiful countryside and its tranquility. Brazil is also said to offer lots of attractions such as good quality housing, services, amenities and wealth. Rhiannon Williamson, Director of Amberlamb said that Brazil is considered to be a desirable and safe place to visit, invest, and do business.

The house prices in Brazil increased by an "impressive" amount last year and values are set to keep growing. This suggests that property owners could collect high returns should they sell their property on at a later date.

Labels: Buying-property, Lifestyle

The Nordeste Invest seminar, a tourist investment and real estate event which is held in the northeastern Brazilian state of Pernambuco over 50 speakers from Brazil and from overseas took part in the event.

The purpose of Nordest Invest is to show the lifestyle attractions that the region has to offer, including its golf courses, beaches and good scenery and the investment opportunities in the region. The event is promoted by the Real Estate and Tourist Development Association of the Northeast (Adit Nordeste) in association with the Brazilian Export and Investment Promotion Agency (Apex-Brasil).

The previous edition of the event attracted US$ 187.8 million in foreign investment. The Brazilian economic prospects, the impact in tourism and in the real estate market, development of residential tourism in Brazil and investment outlook in infrastructure in the Northeast are discussed in the event.

Bloomberg has recently reported that Brazil has "robust earnings growth" and that is likely to be enjoyed by overseas investors. Property experts suggested that foreign investment in the Brazilian property market is 'hotting up'.

According to property website Homes Worldwide, Brazil has seen capital growth of around 20 per cent in its property. British buyers are looking towards Brazil as the next residential property investment hotspot as they are attracted by Brazil's excellent climate, lower living costs and its emerging economy.

Labels: Exhibition, Latest-News, Lifestyle