3 reasons to buy property in brazil
News Posted On: 24 February 2010
Brazil property is certainly leading the publicity stakes, but the fact is its coverage is deserved, well most of it is anyway. Here are three reasons why Brazil property is so popular and such a good buy right now -- note unless explicitly stated otherwise this article is referring to the north east of Brazil.
1: Low Prices
Property in Brazil is famed for being among the lowest priced in the world. Prices have actually risen in the last 12 - 18 months in the luxury sector, but prices are still low by comparison to developed markets.
Studio apartments in the fishing village come emerging resort hot-spot of Paraiba are currently available for around £20,000.
2: Economic Growth
The Brazilian economy has grown rapidly in recent years, and -- after only seeing a few months of contraction -- is on track to see some of the most rapid growth in the world over the coming years. Economic growth naturally pushes up house prices, and this is especially true in emerging markets where economic growth increases spending on infrastructure development.
The recent discovery of oil will further accelerate the economic growth and rising affluence of Brazil and its inhabitants.
3: World Cup and Olympics
Brazil has recently won the honour of hosting the World Cup in 2014 and the Olympics in 2016. Both of these will accelerate economic growth, and will bring in thousands of tourists to push up rental yields, all pushing up property prices.
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