Generally, people buying property abroad have opted for the tested and tried markets, such as France and Spain, however more people are now looking to far flung destinations as possible markets for buying property. This is partly due to an increase in international flight routes and reduced air fares. Destinations like Brazil are increasing in popularity for property investors.
Brazil has been experiencing a lot of new developments in current years, and projects are getting underway both in the cities and along the beautiful coastlines. Brazil has a lot of opportunities to offer its visitors, and for those searching for their luxury holiday home or buy-to-let investment, the country can provide many benefits. Flights to Brazil are cheaper than ever before and flight times shorter and numerous airlines now focus on offering inexpensive airfares to Brazil.
Recognized as a destination that shows potential, Brazil has sparked an interest with property investors and those who have already invested are already experiencing high returns. The country offers a high rise in growth, and a 20% increase in your initial investment per year is the average in some parts of the country. If you are looking for Brazil property and real estate, there are still reasonably priced houses and apartments available.
In 2007 over 9 million visitors arrived in Brazil, a number that increases each year. The rise in tourism has prompted economic growth and led to improvements in the country’s infrastructure. As confidence in the economy grows, properties remain affordable and tourism rises, Brazil has succeeded in generating a lot of interest from international investors.
Brazil has a lot of appeal for its visitors; the beaches are stunning, the cities energetic and the rainforests immense. Rio de Janeiro, Sao Paulo, Brasilia and Salvador are all unique due to a mix of diverse cultures and traditions. Brazilians are known to be welcoming and English is spoken in most of the tourist-populated areas. The rate of exchange is favorable and, in contrast to other holiday destinations, accommodation, food and travel remain relatively cheap.
Brazil has the perfect weather for spending time on its beautiful beaches. Praia Luxuosa, Cabo Sao Roque and Fontainha Beach are some of the more popular resorts that have experienced a lot of quality developments in the last few years and, for property investors, Brazil is now a favorable location presently offering some of the highest returns on investment.
Bahia is located on Brazil’s north east coast and the beaches here are unmatched, their pristine white sand and sapphire blue waters make them one of the more popular areas for tourists and recently this area has seen a number of projects under development. Sao Paulo is on the verge of a property explosion as international businesses start to notice its potential as a city that can offer the perfect location for their head office. Rio is also on the up as a city that is predicted to have a significant increase in its development over the next few years.
As Brazil becomes more accessible due to shorter flight times and reasonably priced air fares, its potential as a holiday destination and for property investment is appreciated. If you are planning on investing in property abroad, now is the perfect time for Brazil.
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