Brazilian property: The country has “exceptional potential” for growth
People who are thinking about investing in property in Brazil have been told that the country has "exceptional potential" for future growth in many areas of its economy, along with the real estate market.
A report by Adam Consultancy said that the interest rates for mortgages are predicted to drop further, which will allow for greater purchasing power, while mortgage availability to non-residents is continuing to grow.
"Property prices have been rising in line with the increased activity of the highly appealing tourist market. The Brazilian government has placed the country’s economic growth at the forefront of its overhaul reforms," the guide stated.
It went on to say that resort-style developments appealing to foreign investors feature 100 per cent freehold units and no restrictions to non-resident buyers.
The report's findings were backed-up recently by a blog posting from the BrazilInvestmentGuide.com website, which stated that property in the country continues to make significant gains.
Posted by John Holmes
