Brazilian property market bolstered by middle class
The burgeoning middle class in Brazil is boosting the country’s property market, according to an expert.
Samantha Gore, sales and marketing manager for Brazilian property specialists UV10, said that in 2003 the country’s middle class numbered 64 million people, with this figure now being more than 90 million.
"Brazil’s burgeoning middle class is highly aspirational and a suburban home offering an improved quality of life is high on the list. Trouble is there is a supply shortage in this price bracket which developers are now racing to fill," she added.
Ms Gore said that one area where such properties exist for people interested in Brazilian property investment is Sonhos do Mar, a ten-minute commute from Natal in the north-west of the country.
She commented that three-bedroom villas here can be bought for under market value, with an optional four-year guaranteed income.
Natal is also set to benefit from the football World Cup in 2014, which will bring infrastructure improvements to the region.
