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Brazil Property Prices Could Be Rising Within Months
February 10, 2010Article by Ray Withers
Brazil property could start to see price rises this year an international investment consultancy has announced. Whilst Brazil was not the worst affected by the downturn by a long-shot developers have taken moves to bring prices down, or to make properties at least seem to be more affordable, but that could all be about to change according to Property Frontiers.
“Demand for Brazil property is growing at a phenomenal rate. Most people are still testing the water but the sales are picking up as well,” said David Cox, the firm’s director.
“We are selling a luxury beach-front resort development in Natal, which is honestly one of the finest developments I have ever seen at prices starting from under £150k. With Brazil’s economy set to grow into one of the fifth largest in the world, accelerated by the recent discovery of oil, and now by the World Cup and Olympics being hosted in the country, not to mention a WTTC forecast for 5.3% annual tourism growth between now and 2017, and you can see why developers will soon feel the need to increase the returns from their investments,” he explained.
Property Frontiers is currently marketing the Natal Ocean Club development. The development represents the ultimate in modern living, having been designed by renowned Brazilian architect David Bastos. It is set in 20 acres of lush tropical gardens, fronted to 300m of private beach. The apartments come with membership to the resort club, offering exclusive use of many luxurious facilities and amenities all making it an excellent lifestyle choice.
As an investment, yields of 12%+ are expected from year 2 onwards, especially for those who sign up to the advanced payment schedule.
Natal is already one of the fastest growing tourism destinations in Brazil and the world, as is testified to and accelerated by plans to develop the world’s 4th largest airport in the city.
The fact that Natal is a host city for the World Cup is little more than a bonus to most, but to those who buy I am sure they it will turn into a rather big money earner during the event. To quantify, people have been known to pay hundreds of pounds per day to stay in low-quality accommodation around the Scottish golf open championship, so if the magnitude of the event is multiplied, then the potential sums people will pay for accommodation nearby must also be multiplied.
For more information contact Property Frontiers on +44 (0) 1865 202700.