Brazilian real estate in Maceio is hot, says expert
Brazilian property in the "fast-growing" city of Maceio is "highly attractive" to foreign buyers, one property portal has said.
The International Property Investment Network revealed the region is good for those interested in both the Brazil real estate tourism and local markets.
A company statement said: "Growing domestic and international demand from Maceio, a prime Brazilian city and holiday location, helps make Paradise Beach apartments a solid all-round investment."
With the domestic mortgage market set for major growth over the next couple of years and the country’s overall economic buoyancy, Brazilian property is set to boom, it added.
It was reported by nubricks.com earlier in the month that a new Expedia report revealed the Latin American region was at the forefront of a "new era for tourism".
The website added that due to the dollar remaining more competitive against South American currencies, while it was fallen considerably against the euro, US tourists may opt for a holiday on the continent instead of a costly trip to Europe.
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