Top Reasons why overseas investors are buying property in Brazil
Top Reasons Why Investors Are Buying Property In Brazil
For most people interested in buying property abroad it is either the idea of achieving high financial returns as an investor or those seeking a fantastic holiday home to relax and enjoy the cultural delights. This is especially true for people purchasing Brazil property.
Here are a few of the main reasons why many people have already purchased property in Brazil.
Rental Income: The northeast of Brazil which is the region seeing very high tourist numbers and demand for quality properties not to mention the growing amount of middle class in Brazil that require good accommodation means that the rental opportunities and high rental income is very good.
Capital Growth: Brazil has a good economy that is constantly improving and is said to become one of the strongest in the world plus the facts that demand is growing from tourists and overseas buyers and that Brazilians can now gain mortgages mean property prices are increasing and are predicted to continue to experience good capital growth for the foreseeable future.
Lifestyle: Brazil offers both a dreamy relaxed and exciting lifestyle, the fantastic sandy beaches or relaxing by the pools of the luxury resorts in the northeast is perfect for just sitting back and soaking up the sun and ambience where as the carnival, nightlife, cosmopolitan coastal cities, superb water sports and other leisure pursuits offer all the energetic activities for the most demanding sports enthusiasts and fun seekers.
Cost of Living: Brazil is extremely affordable, the price of day to day good and goods are a lot less expensive and said to be around 20% cheaper than that of the UK. The price of property, real estate & Brazil land sale is currently very low compared to other tropical destinations like the Caribbean for example.
Growth Economy: Brazil’s current macroeconomic situation is very good for long-term investments, especially in the property sector.
Good Access & Infrastructure: The new airport being built in the Northeast around 30km from Natal in the city of São Gonçalo will be the 5th largest in the world and will facilitate both passenger and cargo flights opening the region right up for The roads and local transportation are also undergoing constant improvement funded by a large public investment programme which was initiated around 10 years ago: the Tourism Development Programme in the North East, PROSETUR / NE.
Over 670 million dollars have been invested through this programme on;
- Transport
- The environment
- Infrastructures
- Tourism management bodies
The success of this has resulted in the implementation of PRODETUR / NE II with an estimated further $400m investment.
High Tourism Growth: The number of tourists visiting Brazil has increased considerably from about 2.5 million in 1997 to over 9 million in 2007 and because of the increased exposure to international tourists and property investors as well as all the positive economic factors and natural attractions as well as the fantastic new Brazil property resorts and residential properties being built indicate that this trend will continue for the future.
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