Brazilian property investors ‘motivated by capital appreciation’
The Brazilian property market is helping the country to ride out the recession as overseas investors continue to flock to the South American nation, according to an expert.
Paul Irvine, co-founder of Dehouche, tells the Daily Mail that the north-east of the country, around Natal, has seen mass market tourism development.
"Most buyers are motivated by capital appreciation – prices have been going up steadily – and the lifestyle. Brazil’s all about living life to the full," he asserts.
Mr Irvine says that European investors looking for property for sale in Brazil have been attracted to £50,000 beach properties in Natal as it is relatively accessible.
Furthermore "anyone who is anyone" in the hotel world is trying to snap up property in Brazil, according to Mr Irvine.
Meanwhile, Samantha Gore, sales director at uv10, has pointed to the village of Pipa in the north-east of the country as a "tried and tested" market for rentals with good capital appreciation.
