Brazilian property market ‘among best in Latin America’
The Brazil real estate market is among the best sectors in which to buy property in Latin America, according to experts.
Delegates at the annual Latin American Real Estate Opportunity and Investment Forum named the country alongside Mexico, Colombia, Peru, Panama and Costa Rica, according to Global Atlanta.
Mari Canton, principal of Corporate Realty Advisrors, said that Latin America was becoming the preferred emerging region for real estate investment.
Some speakers at the convention encouraged people to enter the market, suggesting that they might want to buy Brazilian property before prices rise again, according to the news provider.
The forum featured more than 40 financial and real estate firms from the western hemisphere and Europe.
Meanwhile, research by the town of Pipa has found that one-bedroom properties in the area can earn rental yields of up to 200 reais (£62.70) per day during the high seasons, which run between December and March and from July to August.
