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News and Reports on Brazilian Real Estate markets
Brasil é o país da América
Latina que mais recebeu investimento externo em 2007
O Brasil recebeu 34,6 bilhões de dólares em investimento externo direto
(IED) em 2007, cifra 84% maior do que a de 2006 (US$ 18,8 bilhões). O resultado fez do País o principal destino
de IED da América Latina, seguido pelo México (US$ 24,7 bilhões) e Chile (US$ 14,5 bilhões). Os
dados são do Relatório de Investimento Mundial da Unctad (Conferência das Nações Unidas
para o Comércio e o Desenvolvimento). Segundo o documento, os setores que receberam a maior
parte dos recursos no Brasil foram mineração, metalurgia, alimentos e bebidas, refinarias e produtos químicos.
O relatório foi feito entre abril e junho deste ano. Na região da América Latina
e Caribe, o fluxo de IED aumentou 36%, atingindo um nível recorde de US$ 126 bilhões. O motivo, segundo a Unctad,
foi o forte crescimento econômico da região e a alta dos preços das commodities. De acordo com a pesquisa, o Brasil é o quinto melhor destino do mundo para investimento. China, Índia, Estados
Unidos e Rússia ocupam as quatro primeiras posições da lista. No sentido inverso,
os investimentos que o Brasil fez em outros países chegou a US$7 bilhões, valor quase três vezes maior
do que a média de US$ 2,5 bilhões obtida entre 2000 e 2005.
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Where to buy property in Brazil:
the sultry northeast
From The Sunday Times January 27, 2008
Where
to buy property in Brazil: the sultry northeastAs
the locals prepare to samba, British buyers are starting to make a real song and dance about Bahia, Paraiba, Pernambuco, Rio
Grande do Norte and CearaThe world’s largest and longest street
party will erupt this week into a bright flurry of feathers, booty-shaking music and white-toothed smiles. Amid the throngs
of carnival-goers will be thousands of Britons dressed in little but flip-flops and the pink beginnings of a tan – many
of whom will decide to carry on after the party and invest in a second home in Brazil. Most potential
buyers head to the northeast of the country, where, along more than 1,000 miles of coast from Salvador to Fortaleza, fishing
hamlets are being swallowed up by gated resorts with private pools, golf courses and spas. In a reflection of the continent’s
obsession with beautiful bodies, some of the developments even have plastic-surgery clinics and rehabilitation spas. If you can put up with the flight (at least £400 and 8½ hours, often with one or two changes), then
the attractions are obvious: long, pristine white-sand beaches, temperatures that reach 30C in January and February, low living
costs and properties that are up to a third cheaper than their equivalents in southern Spain. Indeed, many of the developers
andimobiliarias funding the building boom cut their teeth on the costas and have crossed the Atlantic in search of a stake
in the country Goldman Sachs predicts will have the world’s fifth-largest economy by 2050. Property
prices have seen stratospheric growth, fuelled by an emerging Brazilian middle class, an international campaign to attract
investors, and the 2014 World Cup, to be staged across the whole country. “Some locations have seen capital appreciation
of more than 1,000% in five years,” says Felipe Cavalcante de Melo Lima, president of the Association for the Development
of Tourism and Real Estate in the Brazilian Northeast. He predicts a more modest 12% increase for this year. “It is like southern
Spain 10 or 20 years ago,” agrees David Gordon, commercial director of Qualta Resorts, which is behind two of the largest
upmarket resorts in the states of Pernambuco and Rio Grande do Norte. “Brazil is a fabulous alternative to Spain and
is more affordable than the Caribbean. People are fed up with the classic Costa del Sol pitch, which has become one big ghetto
of British people.” There may not yet be a fully fledged expat community, but those Britons
who have moved there are seeking each other out to share tips on living in a tropical climate. One couple already living their
Brazilian dream are Chris Cakebread, 46, and his wife, Collette, 50. Two years ago, they fell
in love with a banana-coloured granja, a smallholding 30 minutes’ drive from Joao Pessoa, in the state of Paraiba, the
most easterly part of the Americas. The couple, who spend half the year in Worcestershire and
half in Brazil, and intend to retire The region boasts a seductive mix of sun, sea and samba, as well as elegant old towns
such as Salvador, above right there, paid £42,000 for the plantation-style bungalow, which had holes in the roof, no
lavatory and only an outside oven. They spent £12,000, and it now has a new roof and a fitted kitchen. “I watch the sun rise above the mango trees, then hop out of bed and lie by the pool,” Chris says. “I
love being in my Brazilian bubble.” The couple regularly go for supper with Jeremy Baker, 68, and his wife, Gemma, 67,
from Birkenhead, who have retired to a similar property 15 minutes’ drive away. Other British
neighbours include a policeman from Dover, a Hollywood stunt man and one who works as a volunteer bouncer at Tambaba, the
world-famous naturist beach – all of them trying to make a new life in the country. So is it paradise? Almost. “You can’t buy an electric kettle, so pack one in your suitcase,” Baker says. “And the best
way to get rid of the cockroaches that live in the coconut palms is to pack sea salt in newspaper at the top of the trunk.
When it rains, this coats the tree and stops the pests wandering indoors.” Given that Brazil
is a vast and diverse country – the northeast region alone is the same size as France, Germany, Italy and Britain combined
– what and where should you buy? To help you choose between a granja in the interior, a villa on a golf course or a
flat on the beach, here’s our guide to Brazil’s northeast coastal states. Remember, too, that English is not widely
spoken, so, if you don’t speak Portuguese, you will need someone who knows both languages to guide you through the buying
process – and help you to deal with everything from repairs and renovations to paying your electricity bill once you
have acquired your home. Bahia Five years ago, the
state capital, Salvador, was regarded by most tourists as a grimy, crime-ridden no-go area. Today, the old town is being restored:
its peeling pastel facades are getting a face-lift, the Hilton chain is moving in and double-decker tour buses with adverts
for village-style gated resorts travel the cobbled streets. Even a couple of years ago, it was possible to pick up a run-down
property in the Pelourinho district, in the 18th-century centre, for less than £50,000, but derelict townhouses now
start at £150,000 or more; count on spending the same again on renovations. And check out the neighbourhood by night
as well as day: as in many Brazilian cities, crime can be a problem. You’ll need a good
guide, and a number of long-term British residents in the city are offering just such a buying service. Daniel Daly, who has
lived in Brazil for more than 20 years, (www.salvadordaly.com.br), describes himself as a “professional baby-sitter” and charges a fixed fee of £1,400. Further away from the tourist hang-outs and steamy nightlife, you can buy a smaller, less picturesque flat for £40,000.
Prices for three-bedroom flats in secure blocks in swisher middle-class suburbs such as Barra or Corridor Atlantico start
at £80,000, but can rise to £600,000 for the best locations and sea views (020 7538 0102, www.propertybond.co.uk). Most househunters, however, head north out of the city on Coconut Road to one of the resorts lining the
beaches where the turtles nest. The trend for gated communities began about a decade ago at Praia do Forte, 50 minutes’
drive away, but prices have risen since the early days, and British buyers looking for profit as well as pleasure are looking
to newer condos (communities) in resorts such as Sauipe, another 15 minutes or so along the road. Off-plan flats around the
golf course there start at £84,000 (020 7016 3740, www.sauipegolfterraces.com.br). The developments south of Salvador tend to be more expensive. Situated high on red cliffs near Trancoso,
the Terravista resort has evolved from a hippie hang-out and now has a Club Med on the site. Prices for villas next to the
golf course range from £128,000 to £926,000. Those bordering the air-field have their own hangars for the private
jet. Paraiba For many years considered one of Brazil’s
poorest and least developed states, Paraiba is largely overlooked by the package-holiday and property-tour crowd. It has fewer
flights, and a poorer infrastructure, but there is a greater feeling of getting away from it all. “You can pick up a
one-bedroom flat for £25,000, but it will be in a secondary location, cramped and without air conditioning,” says
Esther Dyer, Property Bond’s representative in the state (020 7538 0102, www.propertybond.co.uk). “Most of our buyers are looking for a getaway in the sun, but not one in a mass-built gated community.”
Dyer spends increasing amounts of time driving up dusty red tracks in search of granjas, on which you can build almost anything
you want provided you (or your caretaker) keep a few animals. Prices vary enormously, but expect to pay £55,000 for
a three-bedroom bungalow with 10 or so acres. Plots of land near the coast are also popular: there is one stretch at Praia
Bela where five Britons in a row are all building dream homes within earshot of the Atlantic Ocean. Pernambuco The beautiful colonial town of Olinda, which adjoins Recife, the
largely industrial state capital and site of the airport, is popular with sightseers, but most buyers head for the coast.
One of the most attractive, upmarket schemes is the Reef Club, at Porto (020 7034 4757, www.thereefclub.com.br), set in 500 hectares of Atlantic rainforest and mangroves, an hour’s drive from the city. Buyers will
have access to a planned VIP lounge at the airport. There will be 4,000 residential units; flats start at £60,000, and
three- and four-bedroom Balinese-inspired villas cost up to £371,000. All have views of the golf course, ocean or rainforest.
As well as enjoying the spa, health-conscious owners can opt into a bio-metric scheme that will measure their calorific intake
and blood-sugar levels. Rio Grande do Norte If you
need more extreme help to keep in shape, then one of the 13,500 properties planned for Lagoa do Coelho, a 35-minute drive
from Natal, might be ideal. Purchasers will have access to dentistry and plastic surgery. AGS Properties has one-bed flats
from £53,000 (020 8144 4994, www.agsproperties.com). Tourism and property prices look set to receive a further boost from the planned expansion of Natal’s
airport. The hot spots are Ponta Negra and Pipa, where the beaches are consistently voted among
the best in Brazil. They attract a younger crowd, looking for a laid-back lifestyle of kitesurfing and cocktails. Prices for
hotel-style flats at the Reef Club Pipa start at £60,000. A second phase of larger villa-style holiday homes on the
350-hectare site will be released later in the year. In Pipa Paradise, a high-density community
built on the clifftop above Praia do Amor (Love Beach), two- bedroom flats start at £67,000, three- bedroom villas at
£145,000 (0845 643 1036, www.uv10.com, or 0800 612 0901, www.experience-brazil.com). Ceara The most developed spot
on the northeast coast, Fortaleza is fast becoming the Torremolinos of Brazil. If that’s your sort of thing, two-bedroom
flats typically cost about £90,000. How to buy -
To buy property, you need a CPF or tax identification number, which you can get from the Brazilian embassy - Buyers pay 3% of the value of the property in tax, and another 2%-3% to the public notary on registration of the
sale Tourists can stay up to 180 days a year in Brazil. Any longer and you need a permanent visa -
When buying off-plan, always view the site and check there is a building licence Get
a Brazilian - Prices for villas next to the golf course at the Terravista Condominio,
Resort & Golf, between Arraial d’Ajuda and Trancoso, in the south of Bahia, range from £128,000 to £926,000.
This one is £343,000; 00 55 11 3709 4680, www.terravistabrasil.com - A renovated three-bedroom townhouse in the historic centre of Salvador, this former pousada (guesthouse)
has solar panels ensuring a plentiful supply of hot water, and two private terraces. For sale for £250,000; www.hotelredfish.com/houseforsale - Due to be completed by 2010, this two-bedroom flat is in the first phase of
the Reef Club at Praia do Porto, 50 miles south of Recife. Owners can use the spa, golf course and equestrian centre. For
sale for £121,530, through Qualta Resorts; 020 7034 4757, www.thereefclub.com.br This two-bedroom apartment with sea view at Pipa Paradise, a gated residential
resort in the surfing hot spot of Pipa, comes with use of the on-site spa, gym and pool. It is an hour’s drive from
Natal airport. For sale for £60,000 with Experience International; 0800 612 0901, www.experience-brazil.com Good
article - I have some property in Joao Pessoa too. In terms of the inflated prices issue, yes there are one or two agents
who are doing this. I bought all my stuff through Atlantic Trust in Joao Pessoa and they really are first-class. You get the
proper local price with them, rather than the 'gringo' price you get quoted with some other agents! Ann Crosby, Norfolk, UK Interesting article
though litle concerned about the marketing boom of land in the region. This should have been emphasized mainly in reference
to beach land and prices appreciation along time. Jose, Recife, Brazil Paraiba & Joao Pessoa are beautiful places and I already have a propery
there. However UK investors should know that without a permanent resident visa they cannot open a bank account and therefore
will have problems paying bills. Many locals in the Joao Pessoa area are unhappy because they feel that some property
agents may be selling property at inflated prices because they would still appear 'cheap' compared with UK prices
thus pricing locals out of the market.
Dave Russell, Cheshire,
UK
An essential guide to buying a property
abroad
From The Times March
10, 2006
An essential guide to buying a property abroadEverything you need to know about estate agents, currency
exchange, solicitors, mortgages, tax and insuranceThe professionals involved in helping people to buy holiday homes
abroad have plenty of horror stories. But most problems stem from a lack of care on the part of buyers rather than that the
property is in a foreign country. People act without thinking, according to John Howell, of John Howell & Co, a firm of
solicitors that specialises in international conveyancing. He says: “They seem to leave their brains on the carousel
at the airport. They forget all the things they would do if they were buying property in Britain — like taking independent
legal advice — and end up signing things they do not understand.” To avoid those potential problems, it is vital
to use the right professionals:
AGENTS
There is never a shortage of people willing
to sell you overseas property, in this country and abroad. But in most countries, including the UK, there is very little regulation
of their activities.
Pauline Gallagher, chief executive of the Federation of Overseas Property Developers, Agents
and Consultants (Fopdac), says: “Unfortunately the barriers to entry are very low, so it attracts people who see it
is as a way of making easy money because of the large commissions paid by developers. This can lead to misselling at inflated
prices.”
Fopdac is self-regulating, but members are vetted and must adhere to a code of conduct which among
other stipulations requires them to provide consumers with a choice of independent legal advisers.
Another way
of making sure you are dealing with a reputable agent is to contact an organisation such as the National Association of Estate
Agents (NAEA), which can provide names of members in the UK who specialise in international property.
They also
have a number of overseas members and a link to the International Consortium of Real Estate Agents (ICREA), which also has
a code of conduct for its members worldwide.
Fopdac, www.fopdac.com , 0870 3501223 NAEA, www.naea.co.uk , 01926 496800 ICREA, www.icrea.org
MORTGAGES
There are two main ways of financing an overseas
property purchase if you don’t have the cash. One is to remortgage your UK property, the other is to take out a mortgage
on the foreign property. Several UK lenders offer overseas mortgages but mainly in the popular markets. Banco Halifax Hispania
and Royal Bank of Scotland International, for example, lend on properties in Spain only; Leeds Building Society and Norwich
& Peterborough Building Society lend in Gibraltar and Spain; HSBC in France only; while Barclays lends in Spain, Portugal,
Italy and France, and Lloyds TSB in Spain, Australia, New Zealand, Canada and the US.
An alternative is to use
a UK-based mortgage broker that specialises in international loans. For example, Conti Financial Services can source the money
locally for you. It arranges mortgages in a wide variety of countries. Kevin Fleury, senior partner at Conti, argues that
taking a mortgage on your overseas property can have practical advantages. “Interest rates on foreign loans can be lower
and the lender will want to make sure the property is properly valued and offers adequate security. Most of the problems I
have seen are where people have paid cash for their overseas property and not bothered to check things out properly. If you
do pay with cash, you should at least try to think like a bank.” Banco Halifax Hispania,
01422 333868; Barclays, 020-8298 3223; HSBC, 0800 0858887; Leeds BS, 00350 50602; Lloyds TSB, 01624 638119; Norwich &
Peterborough BS, 01733 372006; RBS International, 00350 44166; Conti Financial Services, 01273 772811, www.mortgagesoverseas.com; Propertyfinance4less, 020-7594 0555, www.propertyfinance4less.com
CURRENCY
If you are planning to buy an overseas property with cash from
the UK, you will need to convert your money into the local currency. This can be expensive if you use a high-street bank.
Fortunately, there is growing competition from foreign currency specialists. They usually offer a better rate, do not charge
fees and provide the option of taking out a “forward contract” so you can fix your exchange rate and not have
to worry about currency fluctuations. Mark Bodega, marketing director at HIFX, explains: “We are able to cover our costs
and make a profit on the spread between buying and selling currency, and still give consumers a better deal than the banks,
because their spreads are so wide.”
Caxton FX, 0845 6582223, www.caxtonfx.com; Currencies Direct, 020-7813 0332, www.currenciesdirect.com; Foreign Currencies Direct, 0800 3285884, www.currencies.co.uk; HIFX, 01753 859159, www.hifx.co.uk; Moneycorp, 020-7589 3000, www.moneycorp.com; Travelex, 0870 0100095, www.travelex.com; Capital IFX, www.capitalifx.com, 0870 777 9777
LAWYERS
Getting good legal advice is critical. Buyers
can end up with question-marks over ownership or be liable for debts, such as bank loans secured against the property by the
developer. You may also need to make a local will. Local lawyers may have better local knowledge, but you will need to be
sure it is independent. Kevin Fleury, of Conti, suggests choosing one at least 50 miles from a development to make sure that
there are no conflicts of interest. If you use a British solicitor who does international conveyancing there is the advantage
of a common language and the benefit of knowing that he or she is covered by professional indemnity insurance. Specialists
include John Howell & Co, which has several foreign lawyers, and Goldsmith Williams, which has developed relationships
with reputable overseas solicitors in a range of countries . The Law Society can supply names of other solicitors in the UK
and abroad.
Law Society, 0870 606 2555; www.solicitors-online.co.uk; John Howell & Co, 020-7420 0400, www.lawoverseas.com; Goldsmith Williams, 0151 2311292, www.goldsmithwilliams.co.uk TAX
The tax implications of a holiday home overseas are often neglected. Bill Blevins,
of the chartered accountants and international tax specialists Blevins Franks, says: “People often overlook the fact
that when they sell their overseas property it will be liable to capital gains tax in the UK, as it is not their principal
private residence. There may also be a similar tax charge to pay to the overseas tax authorities.
Fortunately,
the UK has double tax treaties with many countries, which means you won’t have to pay twice but you may have extra to
pay if the amount charged overseas is less than in the UK.”
Tax may also be payable on rental income; in
countries such as France there may be annual wealth tax to pay on properties above a certain value. Inheritance tax also needs
to be considered. Last but not least, says Anita Monteith, tax manager at the Institute of Chartered Accounts in England and
Wales (ICAEW): “Prospective homeowners should find out about local taxes equivalent to our council tax.” UK accountants
will be able to advise overseas homebuyers, and if they don’t know about a particular country they can access specialists
through the ICAEW.
Blevins Franks, 020-7336 1022, www.blevinsfranks.com; ICAEW, 020-7920 8100, www.icaew.org.uk
INSURANCE
Taking out insurance locally may be your only option in
some countries in Eastern Europe or farther afield; your local bank should be able to help. But problems can occur if a claim
arises and if you are dealing with a foreign language. That is one of the reasons you may prefer to deal with an insurer in
the UK, where you will also be covered by the Financial Ombudsman Service if something goes wrong.
Most UK-based
policies such as Saga Insurance tend to focus on popular areas such as France, Spain, Portugal and Italy. HIFX’s policy,
underwritten by Norwich Union, extends to Greece and Cyprus, while Andrew Copeland Insurance’s Europlan includes Malta
and Northern European countries such as The Netherlands and Denmark. Wherever you take out insurance, make sure it covers
you for the periods when the property is unoccupied. Much of Saga ’s cover does not apply if you leave your property
unoccupied for more than 60 days. Saga, 0800 0150751, www.saga.co.uk; HIFX, 01753 859159, www.hifx.co.uk; Andrew Copeland, 020-8656 2544, www.andrewcopeland.co.uk
Can Brazil’s Property Market Continue to Boom?
http://www.amberlamb.com/index.php/a/n/00320-can-brazil-property-boom/From the outside the Brazilian economy is doing something of
a crazy dance at the moment. On the one hand the currency has risen to great heights of strength on the back of investor
confidence, and on the other hand stocks have crashed because traders are concerned about the knock on effects of America’s
dire economy. Inflation is rising sharply and causing concern, but President Lula is well known for his inflation busting
attitude. So this all begs the very important question, can Brazil’s property market continue to boom? Stacey (of Gavin and Stacey fame) thinks so – according to an
interview with the actress who plays the part of Stacey in the Sunday Times this week, she has invested in a property in Brazil.
Many media and property sources are now using her as testimony to the health of the market! Sorry, what a load of rubbish
– is she a real estate investment tycoon? No she is not. Does she have greater insight than the next man
or woman into which way the Brazilian real estate market will go? No she does not. Me thinks one needs to look
a little more closely at Brazil before one jumps in actually…
Read full article... Everyone is being told that Brazil and Natal in particular
are the next big thing in terms of property investment success – “it’s the place to invest, and if you don’t
believe us, believe the Beckhams!” property developers are saying. Well, yes the Beckhams are reputedly putting
money into ventures there, but commercial ventures of the football academy kind! And what a ridiculous reason to invest
in a place anyway, it’s not as if David Beckham is a global real estate genius. Okay, okay, so we admit there is much to delight in in terms of the Brazilian real
estate market and also in terms of what’s happening in Natal, but the be all and end all is not tourism property and
it is not just a tiny pocket of the Brazilian property market. There are alternative property investment opportunities
in Brazil you know…
Read full article... There comes a time in every real estate writers life when
you have to stop beating about the bush and that time at Amberlamb is now! Yes, it’s true, we believe in Brazil
and what’s more, we believe in Brazilian property and here’s why… For one thing, Standard and Poor’s have upgraded the nation’s credit rating to ‘investment
grade’ – really at this point we need say no more…but we will! For another thing the rate at which
the population is expanding in Brazil represents increasing demand. The population is also slowly but steadily enjoying
an expansion of personal wealth. Then there’s the oil, the housing shortage, the booming tourism industry and
the amazing economy…
Read full article... The legendary US real estate investor and entrepreneur
Sam Zell has intimated that Brazil is one of the few markets in the world where there is room for property investment speculation
and success in the short term. His comments are backed up by positive economic data emerging from the nation, and by
the fact that on the whole, business and foreign direct investment sentiment relating to Brazil is positive. But rather than just head for the north-eastern coastline and the Natal
province in particular and target the strong tourism market, there are more than enough opportunities to be had in Brazil
if you align your investment approach with the strong emergence of housing demand in the middle to lower income brackets.
Read full article... There’s an old saying that goes something like this
‘when America sneezes, Europe catches cold and the rest of the world gets pneumonia.’ There are about a hundred
derivatives of this phrase but you get the general idea – i.e., if the number one economy in the world is suffering
then the rest of the world suffers more greatly. And in the past it was incredibly true that if there was a downturn
in the US economy, then Brazil was one nation that bore a significant brunt. However, recent economic indicators and financial opinion from leading global think tanks suggest
that the Brazilian economy is actually holding its own in spite of a US downturn thanks to economic diversification, and that
2008 will see the nation continue to witness substantial levels of foreign direct investment (FDI). Therefore, in true
tabloid headline style, we at Amberlamb see that there are fantastic fiscal fundamentals supporting Brazil’s property
sector.
Read full article... Don’t you just hate it when a market takes off and
you haven’t actually bought in yet? It happened in Dubai and it’s happening in Brazil – there has
been so much hype, and that hype has been found to be based on actual facts and fantastic fundamentals, that now a frenzied
buying crowd is pushing property prices right up before our very eyes. So, is property in Brazil still affordable for those of us who won’t have a spare million to throw into
the pot any time soon? The good news is that it certainly is…and what’s more, if you don’t actually
want to be a part of the beautiful people set who are buying all along the beachfront, there are some locations that you can
invest in where the future tourism demand will come from those seeking the ‘real’ Brazil rather than a new pair
of breasts or perfect teeth.
Read full article... It’s not often that we have a crisis of confidence
or clash of opinion at Amberlamb, but when it comes to Brazil, not all in the office is hunky dory. As regular readers will know, the general consensus of opinion here
has always been that Brazil makes an incredibly interesting prospect for property investors seeking long term, strong potential
for growth, yields and above all else profitability...but should we be so positive about property in Brazil? Read full article... As we’ve been discussing at Amberlamb now for some
weeks, Brazil is becoming more popular by the day and even the popular British press is promoting the highlights of the nation
from a property perspective. Basically the word is out about Brazil and the exceptional opportunity that it currently
represents in terms of real estate investment potential. There
is massive untapped potential across the nation but it is the northeast of the country that’s getting the most attention
because of its improving accessibility, it’s low crime statistics, it’s high desirability as a holiday location
and its wealth of real estate for sale – but who buys property in Brazil and why? Read full article... Should you or shouldn’t you seriously be considering
investing in property in Brazil? This is the one question many real estate investors are asking right now because without
putting too fine a point on it, Brazil is quite possibly being billed as the hottest property market prospect currently by
every man and his dog. It’s true - everyone
is talking about Brazil and its rapid emergence as the place to be investing, the place to be holidaying, playing golf, buying
a second home and just generally exploring – for goodness sake, even the Sunday Mirror newspaper was recently
caught extolling the virtues of buying property in Brazil…so just what is it about this particular nation with its
rapidly developing property market that has so many people so hot under the collar? Here’s a review of the property
investment prospects in Brazil for those of you who need a little reminder. Read full article... As our regular and valued readers will know, we at Amberlamb
have been hot on the Brazilian property market for quite some time and have been vociferously and widely singing its praises
- so in a way it was only a matter of time before the wider world awoke to the property investment potential in Brazil –
especially as by now it is pretty undeniable. Therefore,
when we took a look and saw that now even the British newspaper the Sunday Mirror was promoting the virtues of real
estate purchases in Brazil we were only a little bit taken aback! It seems that maybe even those seeking a second home
overseas for brief holidays will be on the property investment in Brazil bandwagon by the end of the year – so what
does this actually mean for the market, will it become oversaturated, oversold and over-promoted?
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Good article - I have some property in Joao Pessoa too. In terms of the inflated prices issue, yes there are one or two agents who are doing this. I bought all my stuff through Atlantic Trust in Joao Pessoa and they really are first-class. You get the proper local price with them, rather than the 'gringo' price you get quoted with some other agents!
Ann Crosby, Norfolk, UK
Interesting article though litle concerned about the marketing boom of land in the region. This should have been emphasized mainly in reference to beach land and prices appreciation along time.
Jose, Recife, Brazil
Paraiba & Joao Pessoa are beautiful places and I already have a propery there. However UK investors should know that without a permanent resident visa they cannot open a bank account and therefore will have problems paying bills.
Many locals in the Joao Pessoa area are unhappy because they feel that some property agents may be selling property at inflated prices because they would still appear 'cheap' compared with UK prices thus pricing locals out of the market.
Dave Russell, Cheshire, UK