Find out what’s happening in the property investment arena both in the UK and internationally
Understanding Brazil Property Investment
February 5, 2009Article by Ray Withers
Brazil investment property is booming and as a potential investor, you need to understand the buying process in an unfamiliar country and foreign language. The first step is picking an agent who knows the country, the property market and legal system for buying property in Brazil. It’s a good idea to choose an agent that has some industry recognition – like Property Frontiers, which was awarded the Best Staff Training Award 2008 by the Association of International Property Professionals (AIPP).
The firm also won a cluster of prestigious industry awards in 2007.
As a leading international property consultancy, Property Frontiers will already have sifted through available property in Brazil to present a shortlist of contenders to meet your investment objectives. Friendly staff will lead you step by step through the buying process, helping you avoid any pitfalls and make sure the transaction runs smoothly, meeting the sometimes complex requirements of foreign officials and laws that you may be completely unaware of as a stranger to Brazil investment property. Importantly, you will also be guided through the financial side of the purchase with assistance arranging a mortgage, if required. Currently, Property Frontiers is offering two Brazilian developments:
Vision Condo Apartments, Sao Paulo
Housing demand in Brazil is rising as purchasing homes is becoming more affordable due to an increase in mortgage availability to locals. It is estimated that Brazil needs a further 7.9million houses to keep up with current demand. Sao Paulo is unique to the world’s real estate market in the fact that it currently has very high yields and high growth, generated solely by the local market. Brazilian buyers are driving the market forward, with very little influence from international investors. Vision Condo Apartments should command gross yields between 9-14%. The development includes studio apartments from £74,590 and at the top-end, two bed roomed apartments for £86.791.
Natal Ocean Club, Natal
Commanding a leading position in Natal’s rapidly expanding tourism market and with the appointment of an internationally recognised, super luxury resort operator Natal Ocean Club is set to generate gross yields of 15%. All of the luxurious properties at Natal Ocean Club are delivered with the highest standard designer fittings and furnishings, providing the most luxurious investment and lifestyle in North Brazil. The resort has a selection of well-appointed apartments, ranging from a single bed roomed unit for £138,000 to four bedroom villas for £788,000 with many options in between to suit most budgets.
The Property Frontiers’ team remains on hand offering assistance and support throughout the buying process and also to ensure that our clients are able to establish their own ongoing direct communication and relationships with the developer and the letting management firms linked to the development. Consultants are available daily to answer any client queries and problems and where necessary act as a go-between for the developer and purchaser if our clients attempt at direct communication with their developer is not working.