Brazilian property ‘emerging as favourable destination’
Opportunities in Brazilian property are leading the country to experience an increase in interest from real estate developers.
According to the latest Brazil Housing Sector Analysis report by Bharatbook, low-cost or affordable housing is fast emerging as the next area of growth in the South American country’s development sector.
"The housing sector is poised for tremendous growth in the coming few years on the back of growing population, rising income levels and increasing demand for housing units, particularly in the lower and middle income segment," said the report.
It added that government-owned housing institutions have been offering loans at 12 per cent interest which can be easily paid back over 30 years, making Brazilian property more attractive to investors.
These comments have been backed up by a survey from Intotheblue.co.uk, which found that a third of Brits are planning on emigrating by 2020, with the majority going in search of a warmer climate, something that a Brazilian property could offer.
