Anbody considered buying in Brazil? Property is cheap and you can buy direct you dont need to form a company. Also Brazilian government has invested heavily in the tourist section last year.
http://www.hiday.net/news.html?newsid=197
Full Version: Brazilian Property Market
I have a friend who moved to Brazil - the property boom there is OVER
You may look at houses and think they look cheap, but you have to realise that wages of £2 a day are not uncommon in much of the country
You may look at houses and think they look cheap, but you have to realise that wages of £2 a day are not uncommon in much of the country
The boom is far from over in Brazil.On the contrary,it has barely started.
When property prices rise to levels akin to the Caribbean (and the locals do not earn much there either) that is the appropriate time to insert a check step.
At just over 8 hours from Gatwick, the same year round gorgeous weather, great beaches,but without the extreme conditions like tropical storms and hurricanes and properties at approx a quarter of the price,overlook this emerging lifestyle destination at your own loss.
When property prices rise to levels akin to the Caribbean (and the locals do not earn much there either) that is the appropriate time to insert a check step.
At just over 8 hours from Gatwick, the same year round gorgeous weather, great beaches,but without the extreme conditions like tropical storms and hurricanes and properties at approx a quarter of the price,overlook this emerging lifestyle destination at your own loss.
QUOTE (magnate @ Feb 3 2008, 08:08 PM) 
The boom is far from over in Brazil.On the contrary,it has barely started.
When property prices rise to levels akin to the Caribbean (and the locals do not earn much there either) that is the appropriate time to insert a check step.
At just over 8 hours from Gatwick, the same year round gorgeous weather, great beaches,but without the extreme conditions like tropical storms and hurricanes and properties at approx a quarter of the price,overlook this emerging lifestyle destination at your own loss.
When property prices rise to levels akin to the Caribbean (and the locals do not earn much there either) that is the appropriate time to insert a check step.
At just over 8 hours from Gatwick, the same year round gorgeous weather, great beaches,but without the extreme conditions like tropical storms and hurricanes and properties at approx a quarter of the price,overlook this emerging lifestyle destination at your own loss.
Isn't this market just like the other booming 'poor' countries i.e Bulgaria, India....Where is your secondry market ?? if the locals earn only $20 a day ??
QUOTE (Wallis @ Feb 3 2008, 08:34 PM)
Isn't this market just like the other booming 'poor' countries i.e Bulgaria, India....Where is your secondry market ?? if the locals earn only $20 a day ??
No.Not at all like other markets such as Bulgaria, Morocco et al.These will never be world leaders.Take a look at some of the projections for Brazil by Goldman Sachs etc.It is self sufficient in many areas and possesses enormous reserves of natural resources.There are over a million millionares in Brazil and it is also characterised by the strong emergence of its middle classes.Add the forthcoming mortgages to the mix and you have a potentially explosive growth cocktail.
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