brazilian condominiums offering good rental yields
News Posted On: 26 August 2011
Brazilian condominiums are offering investors solid rental yields, with properties on the coast doing particularly well from short term lets to holiday makers. One of the best places to buy is Fortaleza, where condos can rent for anything between $100 per night in low season, to $400 per night in high season, including during the carnival and at New Year. Brazil is rapidly growing into one of the world's top tourist destinations and its economy is currently the seventh largest in the world.
Fortaleeza is booming as some 3.3 million domestic tourists come into the city every year, and demand grows for employees with specialist skills. Many are relocating from Europe, the US and south of the country.
According to experts the influx of workers and tourists is leading to demand for hotels and short term lets outstripping supply, especially in the boardwalk area. Although the rental market is good all year round, mid-range hotels charge several hundred dollars per night during peak times, so it is hardly surprising that many of the area's rental condos are already booked for new year and for the Carnival next year.
Fortaleeza's best weather is in April and May, but there is also a strong demand from those coming to attend conventions in the city, who tend to book well in advance of the event. Experts recommend buying new property, and using a reputed rental management company.
View property for sale in Brazil
Article written by Liam Bailey
Back to news articles for this country
Latest Related News Articles in Brazil
Brazilian Central Bank Rule Stokes Interest in Overseas Property
2012-04-27
A recent change to the amount of cash Brazilians are allowed to send overseas through banks and brok.....
Brazil Property Demand Fuelled by Tourism Growth
2011-09-21
According to the latest data from the Brazilian Ministry of Tourism some 4.4 million tourists arrive.....
Brazilian Condominiums Offering Good Rental Yields
2011-08-26
Brazilian condominiums are offering investors solid rental yields, with properties on the coast doin.....
Dubai Firm Given the Green Light to Advertise Brazil Property in UAE
2011-08-23
A Dubai firm has been given the go-ahead by the Real Estate Regulatory Agency, the Dubai real estate.....
Rising Rates Unlikely to Affect Brazilian Property Sales
2011-05-24
Brazil's third largest homebuilder says sales are unlikely to be affected by increased borrowing cos.....
Prices in Iracema Brazil set to increase
2011-02-25
Today the three-mile long boardwalk in Fortaleza has been extended along to Iracema and is now fully.....
Sao Paulo House Prices Easing Down
2011-01-12
Regional Council of Realtors for the State of São Paulo (CRECI-SP) points to increasing signs of a p.....
Brazilian Tourist Destination Set for Expansion
2010-12-24
Fortaleza is set to be a hot tourism and overseas property destination in 2011,.....
Brazil Property Growing in Popularity as Tourism and Investment Grow
2010-12-10
The popularity of Brazil as a property buying and tourism destination continues to grow massively.....
Brazil Property Most Popular Says Agent
2010-11-30
Colordarcy has reported that Brazil is currently the most popular country with overseas property buy.....