Brazil Emerging As A Major Investment Property Destination
Brazil is the largest economy in Latin America, and is rapidly accelerating towards its predicted place in the top four economies of the world. It is also an extremely attractive market for property investors, for a number of different reasons.
Brazil has been attracting international property investors for a number of years now, and has grown from being “one to watch” to a hot, current investment opportunity. Tourist properties are among the most attractive options the company has to offer property investors. The country is already a popular tourist destination, and most investors and experts agree that its popularity with tourists will continue to grow in years to come. The country has high standards of living, more than 300 days of sunshine in the year, and over 2,000 miles of sunny beaches.
As a result, tourist properties are very much in demand. This demand looks set to not only continue in coming years, but to grow significantly. More and more people continue to flock to Brazil every year, and the government is actively committed to growing the country’s tourist industry. Brazil is expected to become one of the top tourist destinations in the world in the near future, and this will further increase demand on tourist properties, as well as the possibility of returns even higher than their current attractive levels.
Residential property in Brazil is also an attractive option for investors. Locally, the country has a huge housing deficit of between eight and ten million homes. Demand is particularly high in the country’s North Eastern region, which single-handedly accounts for an estimated third of this deficit. With the country’s population growth accelerating, this puts homes in consistently high demand. Due to the extent of the deficit and the rapid development of new builds to try and chip away the disparity between demand and supply, buying off-plan properties is an especially popular option in Brazil, and one that can prove especially profitable.
Social housing also provides an attractive opportunity for property investors looking to invest in Brazil. Recent government programmes have seen large amounts of affordable housing developed for those on lower incomes, and these projects have been very successful. Many developers are now working on large-scale social housing projects, and these can provide some excellent investment opportunities. Returns can be attractive, outlays are affordable, and the investments are more secure than other off-plan properties thanks to government assurances and a simplified process. Many homes are allocated to a resident before completion, eliminating the difficult process of selling and providing prompt returns once the property is completed.
Bridging the gap between residential markets and tourist accommodation, Brazil is one of the most popular places to own a second home. The same factors that attract tourists along with low prices and high standards of living attract wealthier individuals from around the world. While the market is smaller and more specialized, this type of property can also prove to be a worthwhile investment for some.