Brazil offers ‘better deal’ on buy-to-let
Property investors in Brazil who seize buy-to-let opportunities may receive greater profits than those who wait to assess the market, according to property analysts.
Knight Frank, a global residential and commercial property consultancy, explained the advantage of buying off-plan:
"In rising markets, if you buy now, rather than waiting ten months for capital growth, you could save yourself…5, 10, 20 per cent."
A spokesperson also said that European property investors are discovering Brazil as the country develops and offers greater opportunities.
This success was attributed to the country’s lack of development compared to Dubai or Spain, which offers developers exclusivity.
A paper published by Goldman Sachs Global Economics predicted large economic growth for Brazil, stating that in less than forty years the BRIC economies – Brazil, Russia, India and China – together could become larger than the G6, in terms of US dollars.
