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Generally, investors buying property abroad have went for the tried and already tested markets, such as Spain, France and Italy, however more people are nowadays looking to more distant destinations as possible markets for investing in a property. Partly this is due to an increase in international flight routes and reduced air fares. Destinations like Brazil are rapidly gaining in popularity for property investors. Brazil is the perfect destination for those looking to invest in property, as this fascinating country increases in popularity it is fast becoming a favourite for tourists, retirees, second-homers and investors. This promising market has a sound economy, a growing tourist market and low asking prices for property. Both the coastal regions and inland have seen an increase in new developments being built in the country in recent years. The country has a lot of opportunities to offer, and for people searching for a buy-to-let investment or luxury holiday home, Brazil can provide many benefits. Finding a flight to Brazil is not as expensive as it once was and there are airlines that offer discounted and fares to the cities at reasonable rates. Living costs in the country are low in comparison to the UK, America and Europe. Recognized as a destination with much potential, Brazil has attracted an interest with property investors and those who have already invested are already seeing high returns. The growth potential in the country is enormous and 20% growth per annum is standard in some of the more popular coastal locations. If you are looking for property in Brazil now, there are still reasonably priced houses and apartments available. In 2007 alone the country had more than 9 million visitors and this rise in tourism is expected to continue and grow in the future. As confidence in the economy grows, properties remain affordable and tourism rises, Brazil property and real estate 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. The cities of Brasilia, Rio de Janeiro, Salvador and Sao Paulo are truly marvellous; there is a diverse and colourful culture and history due to a population made up of different ethnic backgrounds. Brazilians are known to be welcoming and friendly and English is widely spoken in the tourist-populated areas. Your money can go a long way in Brazil as the cost of living is low in comparison to America and European countries. Brazil has ideal weather for exploring and enjoying its beautiful beaches. In recent times, a number of high quality developments have been announced in some of the most fashionable resorts including the areas of Praia Luxuosa, Cabo Sao Roque and Fontainha Beach. Brazil is now a favourable location presently offering some of the highest returns on investment. On the north east coast Bahia has fantastic beaches and a tropical climate attracting an increasing number of tourists and visitors to this area and, due to this, experiencing a rise in development projects. 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. Real estate professionals also predict that Rio, which already is a trendy holiday destination, will experience a substantial growth in its development. As direct flights and inexpensive fares makes it easier to reach far flung destinations like Brazil, the country’s popularity as a viable holiday destination and promising investment climbs. As Brazil becomes an easy option, the rise in tourism revenue is expected to continue in the future. If you are planning on investing in property abroad, Brazil should be a destination worth looking into. 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 real estate. If you wish to invest in Off-plan property or just looking for advice please visit the website.
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