Brazilian property investors ’should look at more than just price’
People looking for property in Brazil are being warned that low prices do not necessarily mean a good investment.
Dan Johnson, director at TheMoveChannel.com, says: "There are top parts of the market and there are bottom parts of the market and price isn’t necessarily your primary concern."
He adds that just because land or property is expensive, it does not mean that it is a bad investment and that price should not be the "overriding factor" in a decision to purchase.
Currently, 2.3 million people own a property abroad, with up to 500,000 using it solely as an investment, according to recent research by Cater Allen.
The specialist bank found that over three million people are likely to buy a foreign property within the next two years, with 42 per cent of people looking to use it primarily as an investment opportunity.
People aged over 45 were most likely to buy a house overseas, the survey found.
