‘Huge potential’ for Brazilian property market
Brazil’s property market has been described as "not [yet] at its peak", creating huge potential for early bird property investors to make large profits.
Samantha Gore, who is sales and marketing director of Brazilian-specialist agents uv10, says that there is plenty of growth to be seen before the biggest economy in Latin America hosts the World Cup in 2014.
"Major global sporting events automatically improve local transport links and facilities and also serve to showcase the country’s best assets to millions of viewers. We can only imagine the effect the World Cup will have on Brazil," she said.
"In areas such as Pipa, just south of Natal in the north-eastern state of Rio Grande do Norte, prices are already storming on up at 20 to 30 per cent annum and as it’s a favourite resort with wealthy Brazilians, finding rental accommodation is a challenge," she added.
Brazil was named by Goldman Sachs as one of the BRIC (Brazil, Russia, India and China) economies, which it tipped to collectively overtake the G7 economies by 2050.
Hosting the World Cup 2014 is estimated to bring in over half a million visitors, providing a boost for Brazilian hotels and property rentals throughout the country.
For more information on Brazil property investment and to find out about uv10’s latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
