Pennísula de Maraú-
From the UK's Alexander Richards site (http://www.alexanderrichards.co.uk/), a short article on booming "Tourism & Real Estate in Brazil"........
At present, both commercial and residential property are low-priced, particularly by Western standards and thus investors are increasingly looking towards this new market where strong capital appreciation is predicted. Good quality residential property costs from about £30,000+, while a massive 500sq.m luxury home in an upmarket area, can still be bought for around £300,000-£500,000. Rental yields vary between 6% to 12%, in tourist locations, however many investors in Brazil are buying property more for capital appreciation rather than just for rental income.
Tourism in the North-East of Brazil increased by just over 26% between 1995 and 2000, with 2.5million Brazilian and international holiday-makers visiting the area last year. In fact Brazilians make up over 90% of the tourist market. The international tourist market is relatively small compared to other destinations however it is growing fast. It is generally better known among Portuguese, Spanish, Italian and other South American Tourists.
It is only now opening up to the potential of international tourism. The country’s bright tourism future has also been boosted by the influx of major tour operators into Brazil, such as the Marroitt & Renaissance chain, French operators Sofitel, Mercure and Ibis, Spain’s Iberostar, and other big names like Club Med, and Breezes SuperClubs. Charter flights have begun to serve several new destinations including Salvador, Fortaleza and Natal. A combination of the sunny climate, extremely low cost of living and high-quality property available, has already attracted not only overseas investors, but a growing communities of European residents.
Many Portuguese, Spanish, Italians, and Scandinavians have been buying been buying property in Brazil. In 2005 over 30% of properties worth were bought by overseas buyers in places such as Natal and Fortaleza.
Useful documents and information about Brazil, see links below......
Investing in Brazil: Brazilian Ministry of Tourism
Legal guide - Business in Brazil : Durval de Noronha Goyos Jr.
1 comment:
I think Brazil offers excellent opportunities for growth in tourism-related real estate development. The professionalism of domestic players in the sector, a strong and transparent regulatory framework and a robust macroeconomic environment offer unparalleled opportunities for foreign investors. Because of this, I believe that Europeans will soon begin to capitalize on the great potential of Brazil property and tourism.
The expansion of tourism-related property investment in northeast Brazil is not merely the result of its stunning beaches and tropical climate; the country is now the largest economy in Latin America and coupled with a stable democracy and much improved infrastructure, is very foreign investor friendly. The falling interest rates and simplified policies on both profit and overseas capital have made Brazil property investment even easier and as such Brazil has seen a marked increase in foreign direct investment.
Post a Comment