What should you look for when purchasing property in Brazil?
Buying a property in Brazil should be the chance to fulfil a lifelong dream of living abroad or making that investment which will allow you to have a comfortable retirement.
This is why it's important to keep the practical issues in mind and make sure that the Brazilian property you're buying meets all your needs.
Prepare for retirement with property in Brazil
Fast-paced lives and longer hours mean that by the time people retire, they are ready for a well-earned break – and more and more Brits are looking to do this abroad.
The statistics about those people who chose to retire overseas speak for themselves. Research by NatWest shows that some 67 per cent of Brits who have retired abroad believe they are happier than they would have been if they had stayed in the UK.
Experience the family-friendly side of Brazil
With warm temperatures, a vibrant culture and a vast array of wildlife it's easy to see why people might be attracted to a break in a property in Brazil.
But, what many still fail to realise is that Brazil is a destination for the whole family – not just the parents.
Brazil’s strong economy boosts business
Brazil's swift exit from recession and strong economic growth in recent months has provided it with a strong attraction to international businesses – and as firms release their financial results for the second quarter of 2010, this appears not to have been unfounded.
Despite the possible change of government in the upcoming general election, which will see the hugely popular president Luiz Ignacio Lula de Silva leave power, the Brazilian economy has contributed a significant amount to the bottom line of many companies. And, this is nothing but good news for Brazilian property owners.
Interest rates and inflation in Brazil
Brazil's economy has experienced rapid growth in recent months after it officially emerged from recession in mid 2009. During the first quarter of 2010 alone the country experienced huge growth of nine per cent, the central government announced recently.
Following a recent consultation with Brazil, the International Monetary Fund (IMF) said the "strength of the financial system and the combination of fiscal responsibility, exchange rate flexibility, and a credible commitment to inflation targeting" which the country has adopted in recent years has allowed it to weather the global economic crisis well.
Commercial property in Brazil performing well
High domestic demand and thriving economies mean that since the global financial crisis the Bric economies (Brazil, Russia, India and China) have been the focus of much interest.
Not least the in the real estate market, with property in Brazil appearing highly desirable thanks to the country’s strong economic growth and swift exit from recession.
Pre-salt oil reserves could net Brazil billions
Brazil is already a strong oil-producing nation, pumping more than two million barrels of crude every single day. While not solely reliant on crude oil, Brazil’s economy would certainly benefit from continued – if not increased – production.
Fortunately for Brazil, it is located on top of what is believed to be one of the largest oil reserves on the planet. There could be as many as 110 billion barrels of oil sitting off Brazil’s Atlantic coast, and the revenues that these reserves could generate is mind-boggling.
Airports and air travel in Brazil
The sheer size of Brazil means that flying is often one of the only options for those looking to travel around the country.
However, concerns have been raised in recent years that the airport infrastructure in Brazil may not be able to support the growing numbers of foreign visitors to the country or the increasingly affluent domestic travellers.
Consider the change of lifestyle when buying property in Brazil
For some people purchasing and property in Brazil will be the opportunity of a lifetime to start again in a different country with a new lifestyle; it is a chance to leave the dreary UK weather and their old life behind.
Brazil offers a more relaxed way of living, with a different work-life balance and many more days of sunshine than even the brightest UK summer.
Brazil prepares to become major energy nation
Oil reserves and a strong economy are two commodities that have always been intrinsically linked.
Brazil’s economy is already growing well thanks to strong domestic demand and now the country is looking at becoming one of the major players within the global oil industry as well, Statfor reports.
