Brazil is one of Latin America’s Best Market’s, and buying property in Brazil is open to foreign investors. There are no restrictions on foreign ownership. The tourism industry continues to grow at a rapid pace, and there are plenty of cheap flights from Europe to Brazil. Natal in particular is a place of interest, with its beautiful sunny weather and a new airport being built.
The Brazilian government understands that tourism and property investment are linked and that they represent important sectors of economic growth. The economy has taken a turn for the better. Mortgages are now obtainable for Brazil’s working class to enhance economic stability. These legal changes will make home ownership possible for ones who could not obtain credit before. The president announced the “Growth Acceleration Package” which included housing and infrastructure investment of around US $236 Billion for a 4 yr period to stimulate activity in tourism and property investment. The new reform supports improvements in infrastructure such as renovation and new construction of airports.
Brazil says they have favorable interest rates. While 25% interest rates were common in 2003, 11.5% interest rates were more common in 2007. Now banks are forecasting lending rates at 9.25%, an all time low. Both the minimum wage and worker salaries are rising at levels that exceed the costs of living, allowing more people the opportunity of home ownership. Which is increasing the need for more homes to be built. Supply and demand. You may even want to look at carrying notes.
The DowJones Financial News reported this week Brazil as a country with booming performance. A country causing investors to increase their allocations to emerging markets.
Another town of notice is Pipa, a little piece of paradise. Pipa, is 80 klm from the state capital Natal and was discovered in the 70′s by surfers. The beautiful beaches in Pipa are backed by low rise cliffs. Pipa Beach is often noted as one of the top 10 Beaches in the world. Baia dos Golfinhos has a large dolphin population, which live in the calm waters. Here you can actually swim with the dolphins. Pipa has pristine beaches and a protected Atlantic forest area. Truly a beautiful place to invest in, with unlimited return. In this conservation zone, only so many properties will be allowed . Now is the time to take a serious look at investment in Brazil.
