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28th January 2008 03:22
A neighbourhood in Rio de Janeiro has been tipped as a lucrative property investment.
Thanks to "rarity fuel booms" near to the city the Leblon district, which is located along Rio's sandy beaches, is now emerging as a hot place for the famous and wealthy to frequent, reports the International Herald Tribune (IHT).
According to the paper most areas in southern Rio have seen "strong growth" in property values recently, with Leblon experiencing a 15 per cent increase over the last three years.
President of the commission for urban development at the Association of Real Estate Company Directors in Rio, Jose Conde Caldas, explained the nature of investing in this region.
"The well-to-do and wealthy want to live in Jardim Pernambuco as its security is so fierce, so it's seen exceptionally high capital growth at roughly 45 percent over the last three years," he told the IHT.
"People will even buy a house and demolish it to get the exact property they want just to live there. Someone recently spent $4 million [£2 million] on a house he bulldozed immediately."
Expert researchers for the UK-based Property Investor and Homebuyer Show last year tipped Brazil as an emerging country poised on the verge of a property boom.
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
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:
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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