Brazilian property investors ’should do research’
Real estate investors, whether they are buying property in Brazil or the UK, need to make sure that they do plenty of research before spending their money, according to an expert.
Chris Horne, editor of Property Hawk, says that inexperienced buy-to-let owners have often made the mistake of purchasing accommodation without checking whether the rental demand is there.
"Any new landlord that is thinking of entering into the market needs to do their research about what type of property they are buying, where they are buying," he recommends.
Mr Horne adds that they also need to consider the type of tenant they anticipate taking on, whether that is a permanent occupier or a holiday let, and to check up on the potential rental yields that they can expect to gain from the investment.
Last month, Brazilian property specialists uv10 revealed that studies conducted by the town of Pipa have found that rental yields in the area rose to up to 200 reais (£62.70) a day in high season for a one-bedroom apartment.
