Rental potential is a ‘financial reality’ in Brazil
Rental potential can be converted into a "financial reality" in Brazil, according to industry experts.
An increasing number of Brits are choosing to take advantage of the potential that the Latin American country holds after being priced out of the UK property market.
Yorkshire Bank estimates that 800,000 Brits now own properties in Brazil while Barclays Bank puts the figure closer to 2.2 million, demonstrating the scale of the phenomenon.
Samantha Gore, head of sales and marketing for property agent uv10, said: "The wise investor will opt for an overseas property investment where tenants and headaches are handled by a rental management company.
"In north-east Brazil we have several such developments on offer and with year-round sunshine and no real ‘off’ season demand for rental accommodation is growing fast."
She added that the way to achieve high rentals would be to pitch developments to the bigger tour operators whilst Brazil’s enormous domestic market will also back-up the investment as most Brazilians holiday in their home country.
The affordability of staff costs in Brazil was also highlighted as a huge advantage, allowing property owners to earn a "considerable" revenue share.
Jacuma Beach Resort just to the north of Natal, the capital of the Rio Grande do Norte state, was tipped as a good investment location.
There are beachfront developments at the resort and developers anticipate a net rental income for owners of around nine per cent per year.
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
