Brazilian property investors urged to ‘act now’ over holiday home dream
People wanting to pick up a bargain Brazilian property are being advised to act now while prices are still relatively low, according to an industry expert.
David Cox, director of Property Frontiers, said that demand for Brazilian property was "growing at a phenomenal rate", adding that while some people are still testing the waters, sales are picking up as well.
Mr Cox added that Brazil currently has everything going for it, with the economy set to grow into one of the fifth largest in the world, accelerated by the recent discovery of oil and now by the World Cup and Olympics being hosted in the country.
The expert also highlighted Natal as an ideal location for Brazilian property, adding that it is one of the fastest growing tourism destinations in the world, while plans to build the world’s fourth largest airport there will increase the numbers entering the area.
Last year, Pat Creevy, managing director at Charles Oliver, said that Natal is a stunning coastal city where more than 1.7 million Brazilians spend their holidays, together with thousands of Brits.
