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Brazil To Be Top Of The Props In 2010
January 27, 2010Article by Ray Withers
Brazil property is expected to have a bumper year of sales as buyers all around the world recognise its investment potential.
“It is the name on everyone we speak to’s lips,” said David Cox, director of UK based international property investment consultancy Property Frontiers.
“People are coming to us and telling us that Brazil is a property investment hotspot for 2010. All our products have investment potential of their own, and are suited to different types of investors, but when people respond to a newsletter on Slovakia, in which you have pointed out the country is one of the leading investments for 2010 to say: actually Brazil property is the hot investment for 2010. That is when you see the selling potential Brazil has this year,” Cox explained.
The firm went onto explain how the announcements that Brazil had won the right, first to host the FIFA World Cup in 2014, and then the Olympics in 2016 had come at just the right time, just as foreign demand for and investment in overseas property had begun to increase after the lull.
They make some good points actually. The level of press coverage that Brazil and, not only the property market but its investment potential in the industry press and even national newspapers including several features in the Financial Times has done wonders for the popularity of Brazil property.
Everyone involved in overseas property knows the growth potential of the Brazilian economy, but the discovery of oil, which added potentially billions onto this potential may have taken longer to be such common knowledge without all that coverage.
As the press release rightly pointed out, Natal was a favourite during the last property boom, and according to Property Frontiers it is well positioned to be a favourite again in 2010 — not least because it is to be one of the host cities for the World Cup.
Property Frontiers are currently marketing one of the finest developments in Natal; the Natal Ocean Club offering the pinnacle in modern, beach-front resort living and with the potential of 12% rental yields, priced from £133,000 for a 1 bedroom apartment.