Brazil property ‘hot’
Brazilian property is set for growth, according to US property experts.
Research from the US Brazil Property Group shows that while Costa Rica, Florida or Las Vegas have reached the "critical mass of truly rampant growth", Brazil is now set to offer the prospects not seen since the 1960s.
The body finds that one key reason that Brazil has not performed as well as Costa Rica in the past has been a low level of investor knowledge, but increasing foreign direct investment and a stable economy are to change this along with better international connections.
A number of recent law changes, affecting Brazil foreign ownership property and mortgages, have also aided investors.
A Brazil Property Group spokesman said: "These laws are some of the best in the Americas, designed to make ownership more appealing. Ownership is far more secure in Brazil than many other popular Latin American destinations
"This creates new international demand."
Investors looking at beach properties are also aided as land prices are much lower than comparable areas in Costa Rica or the Bahamas.
