Over the last few years, Brazil
has been one of the hottest property markets in the world. Now, thanks to stabilising prices and
increasing rents, many property experts believe there has never been a better
time to invest in the South American country.
Keep reading to learn more about
why 2012 may be a great time to buy property in Brazil.
Lots of reasons to invest in property in Brazil
Over recent years, Rio de Janeiro
has become one of the worldââ¬â¢s most desirable cities to live in. Property prices in the city have more
than doubled since 2008 ââ¬â although the last year has been a different story.
A surprise fall in Brazilââ¬â¢s
economic output and a resultant fall in demand for homes from Brazilââ¬â¢s
burgeoning middle class has seen a slowing in price rises. As Property
Wire reports, ââ¬Ëas a result, the once high and mighty Real is now
slipping from its pedestal. The
Brazilian Real was regarded as one of the most over-valued currencies in the
world until recently, but has fallen sharply in the last few months…ââ¬â¢
This fall in the value of the
Real is great news for foreign buyers.
This is because interest in Brazil is set to remain strong through the
2014 FIFA World Cup and 2016 Olympic Games and because rents in the country are
rising steeply. And, as foreign
currencies buy more Reals than they did a year ago, the cost of property in
Brazil has fallen by around a fifth.
Investors in property in Brazil
can therefore expect to see good rental yields and a strong demand for property
over the next few years.
Samantha Mortner Flores, a
Brazilian property expert, said: ââ¬ÅThe market is entering a new phase, and for
foreign investors, it is looking more attractive than it has done for years.ââ¬Â
Author: Nick
Marr
