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Brazil Property News: New mortgage laws boost Brazil property market
11th September 2007 11:26
New mortgage laws in Brazil will increase the nation's real estate value, according to industry analysts.
A market intelligence update released by real estate firm Brazilian Property Group (BPG) stated falling interest rates in the country are making mortgages more affordable and broadening access to the property market for Brazilians.
BPG predict the demand for property will rise following open mortgage packages being made available to Brazilians by the end of 2008.
The company also highlighted new ownership laws designed to protect the buyer, which they describe as "some of the most secure in the Americas."
Michael Greene, owner of BPG, explained why the Brazilian property market has not yet experienced a "Costa Rica-style boom":
"The lack of attention from investors…[has] more to do with investor unfamiliarity than with any substantive risk."
Adit Nordeste, an organisation that helps foreign investors find reputable Brazilian real estate companies told thisismoney.com that Brazilian interest rate have fallen from 19.75 per cent to 12 per cent over the past two years making mortgage rates "acceptable".
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How to invest in Brazilian property
When it comes to property investment, the early bird really does catch the worm.
uv10s web site is designed to help and will provide you with the following invaluable information:
- 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
To know more, and have the chance to be one of the first to invest in this exciting and dynamic market, fill out our online form and we'll be in touch to answer all your questions.
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