Brazil news
30th November 2007
Property Investment in Brazil
An emerging market to watch closely…
Brazil is rapidly emerging as the one to watch amongst the world’s property investment hotspots. A booming economy, a stable government and falling inflation are providing the ideal platform for sustained economic growth and a potential boom in property development. Add to that the temperate climate with almost guaranteed sunshine year round, amazing beaches and the easy going nature of the Brazilian people and this really is a place to invest for the future.
However, growth brings with it problems and the local government in Natal are currently in turmoil, similar to the problems experienced in Marbella, with many building licenses having been granted illegally and projects stopped by central government.
Fortaleza has not suffered these problems and to my mind is a much safer target for investment. With property prices rising between 30 & 40 % per annum at present Brazil should certainly be on the radar of any serious investor. Also with tourism growth at 3% above the global average there is a serious shortage of rental properties which should provide a ready market for the new properties coming on stream in the previously undeveloped beachfront areas.
Many Developers are already offering rental guarantees as a safety net for the more cautious investor. With affordable mortgages expected to be available very soon this will further drive the growth potential of this exciting new market.
18th December 2007
Brazils sees boost from business tourists....
Business tourists in Brazil are spending more money on a daily basis than leisure tourists, it has been revealed.
A new study shows that visitors who jet into the South American country for meetings or conventions splash an average of $165.14 (£82.26) a day compared to those who are on holiday who spend around $73.53.
The figures, unveiled by the Economic Research Institute Foundation, were described as "very good" by Jeanine Pires, president of the ministry of tourism and the Brazilian tourism institute.
She added that they reflected Brazil's economic development over the past few years.
The study also found that the cities most popular with tourists were Rio de Janeiro, Foz do Iguacu, Florianopolis, Salvador and Sao Paulo and that 65 per cent of visitors have been to the country previously.
Foreign business people are said to spend the most money in Sao Paulo followed by Rio de Janeiro, Curitiba, Porto Alegre and Belo Horizonte.
Last month, Samuel Lieber, head of the Alpine International Real Estate Equity Fund, claimed that foreign property buyers were increasingly investing in Brazil because of its popularity as a holiday hotspot.
