Find out what’s happening in the property investment arena both in the UK and internationally
Investment Properties in Booming Sao Paulo
July 3, 2008Article by Ray Withers
Property Frontiers announce a unique opportunity to buy Brazilian property and enter the booming Sao Paulo investment market. For a limited time only the Oxford based International Property Consultants have an exclusive allocation of luxury apartments at the heart of Brazil’s richest city and are one of the few UK agents offering a way into what is one of South America’s most promising investment markets.
The second largest city in the world, with 20 million inhabitants in its central zones and proficient infrastructure systems, Sao Paulo produces 30% of Brazil’s entire GDP and is one of the country’s most valuable industrial cities. It also has a property market that is unique in that it is fuelled almost entirely by local demand. With the new availability of mortgages for locals and the middle classes becoming increasingly wealthy, internal demand is soaring as Brazilians enjoy increased purchasing power. According to Sourcing Manager James Black, ‘annual rental yields range from 9% < 14% and very high price-growth is expected’.
Thanks to the thriving local market, any new developments brought on line in Sao Paulo usually sell out within weeks meaning there is little and often no opportunity for international investors. Units are rarely released to foreign channels simply because developers do not need to take their sales outside of Brazil. The opportunity to invest in Vision Campo Belo then is exciting.
Located in a sought after suburb these investment properties in Brazil will appeal to the young professional population and are close to the key business districts of Itam Bibi and Moema. Units enjoy a variety of health and leisure facilities complemented by cutting-edge technology, concierge and valet services. Crucially these apartments are small in size making them affordable and attractive for young professionals to purchase or rent. 51sqm apartments are available from ~ £78,500 and 20% discounts are in place for 100% upfront payments.