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There are more people buying property in a foreign country than ever before, traditionally these markets were close to home, such as France and Spain, but now property markets are further afield as flight routes are introduced to more ‘exotic’ countries and flight times are shortened. Today, destinations such as Brazil are more popular with investors than ever before. For those looking to invest in property Brazil makes a perfect destination, as this captivating country increases in popularity it is rapidly becoming a favourite for second-homers, tourists, retirees, and investors. This promising market has a steady economy, a rising tourist market and low asking prices for property. 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. Regardless if you are looking for a retirement home, an investment to rent out or a second home, Brazil has a lot to offer. Flights to Brazil are cheaper then ever before, numerous airlines now focus on offering inexpensive airfares to Brazil and flight times are also shorter. 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 growth potential in the country is enormous, in some of the more popular coastal locations 20% growth per annum is more or less standard. If you are looking for property in Brazil real estate, you can still find reasonably priced apartments and houses 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 countries infrastructure. Over the past few years Brazil’s property market has caught a lot of interest from potential property investors due to its ability to provide buyers with important essentials such as low property price, a rising tourism market and an optimism in the country’s economy. Brazil is an exotic destination with beautiful beaches, vibrant cities and huge rainforests. Rio de Janeiro, Sao Paulo, Brasilia and Salvador are all unique due to a mix of diverse cultures and traditions. If spending time in Brazil, you will discover that the people are very friendly. Although the main language spoken is Portuguese, English is also widely spoken especially in the tourist resorts and cities. The rate of exchange is favourable and, in contrast to other holiday destinations, travel, accommodation and food can still be considered relatively cheap. Brazil has the perfect weather for spending time on its beautiful beaches. Recently, a number of high quality developments have been announced in some of the most fashionable resorts including the areas of Cabo Sao Roque, Fontainha Beach and Praia Luxuosa. Brazil is now a favourable location currently 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 threshold of a property boom as it becomes acknowledged as a city that is hard-working and gains attractiveness as foreign investors realize its potential for relocation. Rio is also a city 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. Now is a good time for purchasing property in Brazil as the country demonstrates a promising future ahead of it. Mark Burns has extensive experience in the overseas investment property market, specializing in property and real estate and through the off plan world website provides extensive coverage on the world’s major property investment markets including Brazil property. For information on Off-plan property investment please visit the website.
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