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Brazil Property News: Brazilian property 'grows in popularity'
18th November 2008 16:41
The Brazilian Property market has been growing in popularity over the course of the past few months, it has been claimed.
Overseas real estate firm Property Abroad maintained the emergency nation's market offers some fully-equipped one, two and three bedroom apartments in the north-eastern resort of Natal.
Les Calvert, director of the firm, said: "Brazil began growing in popularity a few months ago, and has continued to become more popular both in terms of properties being viewed and properties being enquired about."
Meanwhile, the New York Timers reported this week that investors looking for property for sale in Brazil can buy real estate in the Latin American nation without restriction.
Global real estate brokers Eychner Associates told the newspaper people who buy Brazilian Property will have to pay a three per cent transfer tax.
The firm's president Bob Eychner added that it is advisable to borrow from a Brazilian branch of an international bank.
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How to invest in Brazilian property
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