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British Investors 'Buying Brazilian Property'

Article Date : Monday, January 28, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Overseas property buyers are increasingly opting for investment property in Brazil, according to a newspaper.

British publication the Times revealed that the north-east of the country was becoming especially popular with both second home owners and investors from the UK.

The newspaper said the region had many attractions that made it suitable for both groups, such as good weather and affordable house prices.

North-east Brazil was praised for offering property values that were about 33 per cent cheaper than the price of similar homes in southern Spain.

Prospective investors were also told that house prices in the area were rising as a result of Brazil's growing economy, which means those who enter the market early could be able to sell their property in future at a considerable profit.

This comes after the SaveBorrowSpend website revealed that house prices in some parts of the country have risen by as much as 50 per cent in recent years.
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