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Brazil Property News: Brazil's 'sultry north-east' is the place to invest
29th January 2008 11:53
Brazil's "sultry north-east" has been highlighted as a lucrative location for property investment by a leading national British newspaper.
The Times says that the area's "attractions are obvious", citing long, white-sand beaches, high temperatures in January and property prices that are a third cheaper than their equivalents in southern Spain, as its main assets.
Felipe Cavalcante de Melo Lima, president of the Association for the Development of Tourism and Real Estate in the Brazilian North-East, described the "stratospheric growth" the region's property prices have seen recently.
He told the paper: "Some locations have seen capital appreciation of more than 1,000 per cent in five years."
Mr Lima went on to predict a more modest growth of 12 per cent for this year.
The paper highlighted the old town of Bahia in the north-eastern region of Brazil as a particularly profitable area to invest in.
It highlights that a "couple of years ago" investors could purchase a run-down property for less than £50,000 whereas now derelict town houses are retailing at £500,000 or more.
Earlier this month independent property website NuWireInvestor tipped Brazil as a top investment location after placing the Latin American nation second in its annual list of the "Top Five Latin American Real Estate Markets" last November.
For more information on Brazil property investment and to find out about uv10's latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
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How to invest in Brazilian property
When it comes to property investment, the early bird really does catch the worm.
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- Why Brazil is now the best place for property investment
- Why its all happening in 2008
- All about Brazil's "hot property zones" Natal and Pipa
- Brazil buyers guide
- More about uv10, your dedicated Brazil property specialist
- See what the press say about uv10 and Brazil property
- The latest and hottest property in Brazil
- Archive of the uv10 newsletters
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