Fractional Brazilian property ownership ‘on the rise’
The number of people opting to buy a Brazilian property in a fractional or timeshare deal has risen significantly in the last year, according to an industry expert.
Overseas Property Professional (OPP) reported that research from RCI Latin America showed sales in fractional Brazilian properties have increased in popularity by 60 per cent in the last 12 months.
Mario Ocampo, public relations director for RCI Latin America, told OPP that the recession which hit North America could have helped South American destinations such as Brazil draw in property investors.
"The involvement of European investors has also been very important in the Latin American market. Part of the Brazilian growth in particular is due to European investment," he added.
Recently, a report on Shelter Offshore said that people interested in Brazilian property could make their dreams come true by moving abroad, adding that the first stage of any investment is to do plenty of research.
