Brazil is a land synonymous with football, pristine beaches, rain forests, tanned bodies, fun and hospitality. It’s a place that once visited, haunts and beckons the visitors back. How amazing would then be to have a piece of this paradise belonging to yourself?
The real estate story of Brazil is one of the beauty and the beast. The beauty being the land itself and the ever growing beast would be the Brazilian investment property market, which is taking hold of the whole world. Investment property market at present is booming in the country. What might be the reasons behind that? Well for anyone who has been lucky enough to experience the beauty first hand, it shouldn’t be a surprise. The country offers its visitors a memorable experience, with genuine hospitality from the locals, beautiful climate and thousands of miles of coastline and exotic beaches, rated amongst top ten in the world. North east of the country is popular amongst tourists and adventure seekers, as it offers wind and kite skiing, buggy rides on sand dunes, diving and snorkelling. Brazil has a rich and diverse culture and reputation of being very lively and friendly.
The country has lots to offer to the tourists. The current interest of European and American tourists has sparked a lot of development in the area. Famous hotel chains like Renaissance, Kempinski, Inter-continental and Marriott are setting up and you can find luxurious beach front accommodations at really low prices. There has been massive investment in to the tourism infrastructure in the country during the last few years and to top it off, European visitors don’t need visa to stay for up to 6 months. Many European builders have bought major part of the countries pristine land and now is the time for people to start investing in property in Brazil and jump in to reap the rewards in the years to come. With an estimated 9 million visitors expected in 2007 from overseas and around 60 million from the domestic market, it almost seems like the perfect place to be right now, physically as well as financially.
The country is experiencing a positive economic growth. The inflation is at an all time low and the interest rates are going down pretty sharply. The tourism boom is set to make things only better, by providing new jobs and injecting billions of dollars into the economy. In these unsure times, Brazil is self sufficient in both its oil and water needs. This atmosphere of growth showed itself in the stock market, which has given almost double returns than the UK market. These elements, when combined together, paint a very bright picture for prospective buyers of investment property in Brazil.
All over the world, the real estate investment market is bringing profits to the wise and informed investors. The year 2006 proved to be a great year for investors who got into the hot and emerging markets around the globe. They reaped and are still reaping the fruits of their timely investments. It is believed that Brazil is amongst the top five fastest growing economies of the world right now, along with China, India and Russia.
During the past few years, the price of real estate in Brazil has risen by a huge 20% and the trend is still persisting. The government policies have made buying investment property in Brazil for foreigners very easy and straight forward, and the prices are still remarkably low. With all the economic growth and development, the country is still short of houses and new developments are starting everywhere. Right now investors have a chance to select from a range of off-plan investment properties in Brazil many with state of the art on-site facilities.
Brazil boasts a lot of natural beauty but the favoured spots amongst investors as well as tourists are Bahia and Natal, in the north-east of the country.
With a world famous and culturally rich capital city of Salvador, Bahia attracts a lot of attention due to its picturesque beaches and idyllic islands. The capital city of Salvador de Bahia has a rich Portuguese and African heritage and every Tuesday night is a party night. It is a major tourist attraction and has become easily assessable from Europe through chartered, as well as regular flights.
Bahia offers many beautiful resorts like the Holiday Islands and luxury properties in cities like Costa de Sauipe, which are testament to the fact that the time is ripe to get in to the property investment market of Brazil.
Located in the state of Rio Grande de Noite, the city has the purest air in the country and stands proud second in the whole world. Natal enjoys magnificent climate with sun available almost year round, with an average temperature of 28C. The city is the closest destination of South America from Europe and a new airport is set to open here in 2010, which will be the fourth biggest in the world. A further economic boast and a massive flow of tourists is expected after that. The area also offers activities like rides on the sand dunes, snorkelling, diving or visit the historic locations. If nothing else catches your fancy, then just lie down on the beach and enjoy the sun and the pure air.
Even though most of the prime beach land is vacant, but many property developers from Europe are cashing in on the opportunity and new luxury property complexes are starting to become visible in the area. The question then is: why wait?
Most of us dream of owning our own homes, but the dream of having a resort property, which would not only bring us pleasure but also provide financial security, is for a select few. It is normally regarded as a rule of thumb that real estate always goes up. How many times has it happened that we see real estate markets starting to go up and keep watching rather then getting ourselves in it? Later on, most of us moan the loss of a brilliant opportunity. So is the case with the investment property in Brazil. The time is right and the opportunity is here, those who dare will reap the rewards…. Happy hunting!