Brit buys Brazilian property
A retired PE teacher from Kent has spoken about how he is relying on the property market to provide for his retirement.
Mark Holmes, 45, from Ramsgate, has added a Brazilian property to his portfolio which he hopes will provide a tidy little income for his later life.
"In Brazil … we opted for a one bedroom apartment in Brisa de Carapibus for five pounds short of £40,000," he explained.
Mr Holmes said the Brazilian property appealed because it was high-quality and low-density and offers a "guaranteed rental income" for the first two years after completion.
In other Brazilian property news, Easier property reported last week that Brazilian property hotspot Natal offers investors an alternative and affordable Christmas holiday property market compared to ski-resort properties.
According to the report, the city’s shopping centres are garnished with the traditional festive lights and decorations common in the UK yet the temperature is 26 degrees Celsius compared to London’s seven degrees Celsius
