Send to a friend
News
Brits go nuts for Brazil - 13 March 2007
Growing numbers of British overseas property buyers are looking to Brazil for investment opportunities, reports Currencies Direct...
Growing numbers of British overseas property buyers are looking to Brazil for investment opportunities, with the South American nation making its first appearance in Currencies Direct’s monthly Global Emerging Markets Index. The Index is based on the number of foreign exchange transfers undertaken by Currencies Direct to emerging market regions in any given month.
Possessing large and well-developed agricultural, mining, manufacturing and service sectors, as well as a large labour pool, Brazil’s GDP outweighs that of any other Latin American country. This solid platform has helped the nation enjoy steady growth in recent years, and make Brazil an attractive proposition for British buyers that recognise the opportunities presented by its diverse landscape, rich culture, idyllic climate and an affordable cost of living at just 20 per cent of the UK’s.
“Brazil should still be considered a developing nation and with this definition come many positives and negatives that buyers should be aware of before making an investment,” comments Mark O’Sullivan, head of trading at Currencies Direct. “Social problems such as poverty, human trafficking and governmental corruption, might put buyers off. However, its tropical climate, dramatic scenery, upbeat culture and potential annual occupancy rates of about 30 weeks, present plenty of reasons to buy property in Brazil.”
This month's emerging top ten
The table below outlines this month’s top ten emerging property hot spots:
Position Country
1 Turkey
2 Bulgaria
3 Dubai
4 Thailand
5 Czech Republic
6 India
7 UAE
8 Poland
9 Brazil
10 Cape Verde
O’Sullivan continues, “Tourism is a growing industry in Brazil, increasing by 30 per cent in the last year alone, and the property market is not far behind. The buying process is also relatively pain-free – a rarity for an emerging market nation. Hot spots include Rio de Janeiro, which is a good bet for tourist lets, and São Paulo, which provides good opportunities for business lets. However shrewder buyers are seeking out properties in northern resorts – where spectacular white beaches and increasing capital growth make for good returns on investment.”
The Index excludes established overseas property markets such as Spain, France and the US. The majority of the Currencies Direct transfers are made by UK residents looking to emigrate or purchase property abroad.
Related Articles
Get Onpulse
Portugal — New Launch in Tavira, 10% deposit. Greece — Development Land and Full Project opportunities. Krakow, Poland — Top release, designer city apartments. 5% deposit. Dubai Marina — Exclusive release, 15 year payment plan. Ras al-Khaimah — Pre-release purchase option. Turkey — Flagship Bodrum beach resort to launch new phase. Caribbean — Discount opportunity in St Lucia. Morocco — New release in master plan beach and golf resort. US — Florida resort release, take advantage of the strong pound and guaranteed rental income.
*Subject to a written positive RealtyCheck, Onpulse property offer to fully refund the client any initial conveyance fee to our Partner Live Overseas should they not wish to proceed with the purchase based upon any legal matter raised by Live Overseas relating to the property title that did not form part of the RealtyCheck Report. This refund is up to a maximum of £1500 per client.