Real Estate & Editors' Choice News in Brazil from Propertyshowrooms.com

Brazil's property market 'one of the best in the world'

Fri, 2 Mar 2012 00:00:00 GMT

Brazil's real estate sector has been recognised as one of the best performing markets in the world.

Figures published by Global Property Guide revealed residential property values in Sao Paulo climbed by 19.79 per cent in 2011, compared with 2010, while a 5.41 per cent quarterly increase was recorded in the final three months of last year.

Editor of the publication Matthew Montagu-Pollock explained there are several factors that have contributed to the improving fortunes of Brazilian property, including the performance of its domestic economy, which has been particularly strong.

"Many people have forecast that Brazil's boom will come to an end, but there is little sign of that happening at the moment," he concluded.

Dean Thomas, managing director of DLT Property, a developer operating in the nation, agreed, noting the country is "definitely rising up in the property ranks".

The only market to show greater growth than Sao Paulo last year was Delhi in India, according to the Global Property Guide research.

'Good prospects' for north-east Brazilian property

Thu, 22 Sep 2011 00:00:00 GMT

Investors looking for real estate in Brazil have been advised to focus their attention on the north-east of the country by one firm operating in the nation.

According to Obelisk International, which specialises in investment opportunities in Brazil, land is not at such a premium in north-eastern regions, while there is strong demand for properties in this area.

Consequently, the company believes that this part of the country offers "a more stable long-term future than the big cities in the south-east".

Gary Hardacre, chief executive officer at Obelisk International, added: "Huge demand is undoubtedly the main factor behind the long-term potential for the real estate market in Brazil."

Earlier this month, director of the Brazilian Company for Patrimonial Studies Luiz Paulo Pompeia told Property Secrets that buyers should negotiate with developers to obtain a reduced price on their investment.

He explained that offering to provide a larger down payment for the asset in question could be one way to help convince them to lower their asking price.

Brazil property prices 'can be negotiable'

Fri, 16 Sep 2011 00:00:00 GMT

One expert in Brazilian real estate has pointed out that it is possible to negotiate the price of homes in the country lower by up to around ten per cent in some cases.

Speaking to Property Secrets, director of the Brazilian Company for Patrimonial Studies Luiz Paulo Pompeia explained that there are techniques people can use to encourage a developer to agree to a reduced price.

As an example, he suggested approaching them with a larger deposit in exchange for a lower overall purchase cost.

Meanwhile, president of the Sao Paulo Housing Syndicate Joao Crestana told the publication that buyers also have a bit more time now to make a decision about a particular property.

"In 2010, people who wanted to buy were forced to close their purchase quickly as it was only taking two months for an entire development to sell," he explained.

The rate at which sales are completed has since slowed down, presenting more opportunities for investors to look around.

And with Brazil due to host the 2016 Olympic Games as well as the 2014 football World Cup, there could be even greater interest in the nation's property market from foreign buyers over the coming years.

Growth expected to continue for Brazilian housing industry

Thu, 23 Jun 2011 00:00:00 GMT

The Brazilian property market is expected to see solid growth over the next few years as the need for housing in the country continues to rise.

This is according to a new report from research firm RNCOS, which suggests that 1.8 million homes will be in demand by the close of 2014.

Combined with developers' new focus on affordable properties and signs that the Brazilian government is looking to produce a policy framework that will promote the growth of the industry, this will help the housing sector to become "the most profitable and dynamic industry in Latin America during the next few years", RNCOS says.

This is in spite of the current discrepancies between supply and demand, as increasing investment and new state-backed schemes will help to build on the currently "strong" fundamentals of the market, the report adds.

The forecast comes shortly after research by JPMorgan Chase & Co analysts Adrian Huerta, Marina Mansur and Marcelo Motta pointed to an estimated increase of 25 per cent in Brazilian house prices for the 12 months to May 2011.

"We are not seeing any deceleration in home price increases yet," the report said, according to Bloomberg.

'Literally millions' of Brazilians plan to buy property

Mon, 18 Apr 2011 00:00:00 GMT

Rapid growth is expected within the Brazilian property market following the publication of new research from a leading local property portal.

According to uV10, at the end of 2010 some 9.1 million Brazilian families revealed their intentions to purchase a home in the country this year.

It is expected that developers in the South American location will be unable to keep up with demand, with their currently a deficit of six to seven million homes in the country.

Indeed, experts and market analyst suggest that the backlog will take ten to 15 years to meet.

Samantha Gore, sales manager at uv10, said: "Literally millions of Brazilians are now eligible for property purchasing and have made it their main short-term goal."

She explained that the while the dream of owning a property used to be "only a dream" for many Brazilians, a sharp rise in credit, increased incomes, reduced unemployment rate and new legislation has made it possible.

Nick Mar, chief executive of Homesgofast.com, recently claimed that Brazil boasts one of the best foreign property markets at present, along with Turkey, Spain and Malaysia.

'No fears' of a property bubble forming in Brazil

Mon, 20 Dec 2010 00:00:00 GMT

There is still demand for homes in Brazil, the country's largest real estate developer has claimed.

Speaking at the Reuters Brazil Investment Summit in Rio de Janeiro, PDG chief executive Zeca Grabowsky played down concerns relating to the formation of a bubble in the market.

In fact, the developer went so far as to announce that it would be undertaking $5.83 billion worth of new builds in 2011, up 33 per cent compared to the target set for 2010.

The news is sure to be welcomed by those looking to buy property in Brazil, with concerns having been raised about the record pace at which home values are currently rising.

"It's far from a bubble," Mr Grabowsky said. "This is real demand, it's people buying their house for the first time, to live in it."

"In terms of workforce, I don't think there is a lack of people, but because the market is more favourable, they are able to achieve better wage terms, above inflation, which increases costs."

Brazilian election result welcomed by professionals

Fri, 12 Nov 2010 00:00:00 GMT

The election of Brazil's first female president last month has been widely welcomed by professionals working in the real estate industry.

Individuals looking for property in Brazil will be encouraged to hear that many believe that Dilma Rousseff will continue to push on with reforms and incentives when she takes office in January 2011.

Programmes such as My House, My Life, as well as infrastructural programmes such as the Programme of Accelerated Growth are aimed at encouraging home ownership and should ensure that the sector continues to prosper.

"With the election of Ms Rousseff, the Brazilian property market has at least another ten years of growth," said Flavio Cabrera, of Lopes Real Estate Consultants.

"The Workers Party government was the best thing that could have happened in the history of construction in the country since it was the only ruling party that has created real incentives for the industry."

Meanwhile, according to specialist agent uv10.com, Brazil offers investors a platform for "excellent growth", but the strategy has to be right before buyers part with their money.

Brazil to restrict foreign land ownership

Thu, 1 Jul 2010 00:00:00 GMT

Property investors looking to buy land in Brazil are likely to face a tightening of restrictions relating to foreign ownership.

The government in the country is drawing up a series of tough new measures which will prevent overseas buyers from purchasing agricultural land because of food security issues.

According to ministry spokesperson Denise Mantovani, ten million acres of land in Brazil was registered to foreigners by 2008.

She explained that although the current law prevents the sale of land to non-Brazilian residents, it is often ignored.

"Foreigners often bypass that rule by setting up companies in Brazil, which are controlled abroad, to purchase land. This is a foreign company and this is what we want to control," said Ms Mantovani.

"We are going to draw up an amendment that will make it clear that foreigners can invest in any sector except land."

The news may be of interest to individuals looking to buy property in Mato Grosso, with agriculture playing a large part of the region's economy.

Consumer spending is vital to Brazilian property market growth

Fri, 28 May 2010 00:00:00 GMT

Increasing consumer spending is vital to the growth of the Brazilian property sector, it has been claimed.

According to a new report by Business Monitor International (BMI), the economy in the country should expand by approximately five per cent this year and four per cent in 2011.

The investment guide claimed that Brazilian property prices are experiencing steady growth, along with capital values.

"Consumption has been booming, in part because of the rise in consumer sentiment, which is now at higher levels than at any time since the beginning of 2007," the report stated.

"It is also because of the growth in employment, which is a consequence of soaring investment."

The news may interest those looking for property in Mato Grosso, with the state's capital city Cuiaba likely to benefit from increased investment in infrastructure because of the forthcoming 2014 football World Cup.

Overseas Property Professional recently reported that UK buyers have spent more than £30 million on property in the South American destination over the course of the last year.

Brazil will be a 'hot seller' in 2010

Wed, 27 Jan 2010 00:00:00 GMT

A quick rebound from its brief recession has meant Brazil is shaping up to be one of the investment hot-spots of 2010, according to one portal.

Property Frontiers has tipped the South American country to be one of its top sellers in the coming year, with news that it will be hosting two of the world's biggest sporting tournaments coming at just the right time.

David Cox, director of the property website, noted that an increasing number of people were predicting a surge of interest in the nation.

He cited the large number of news articles discussing Brazil's economic recovery, as well as news that it has vast oil reserves and a booming agricultural sector as reasons for the country's growing popularity.

"And that is why Brazil is now internationally recognised for its property investment potential and will be a hot seller in 2010," Mr Cox explained.

Brazil will be hosting the 2014 Football World Cup as well as the 2016 Olympic Games.

Brazil 'set to see golf growth'

Wed, 14 Oct 2009 00:00:00 GMT

Golf has been tipped to keep on growing as a sport in Brazil, something that may encourage those looking to buy properties associated with the sport.

Director at the Brazilian Tourist Office for UK and Ireland Glauco Chris Fuzinatto remarked that this form of tourism already exists.

He stated: "Golf in Brazil is growing quite rapidly and there are quite a lot of people now that combine a holiday with playing golf in Brazil."

Mr Fuzinatto added that the best courses tended to be in the states of Bahia, Sao Paulo and Rio de Janeiro, with the latter set to receive major investment in golfing facilities with the sport returning to the Olympics in time for the 2016 games.

Those keen on investing in golf property may find the combination of these factors leads to a growth in that market in the years between now and 2016.

Columnist for the Professional Golfers Association Tour website John Maginnes suggested that Rio's Olympic course could be designed by a legendary figure of the game, mentioning Jack Nicklaus, Arnold Palmer or Greg Norman as possible candidates.

Bid may boost Brazil property

Fri, 2 Oct 2009 00:00:00 GMT

Rio de Janiero is stepping up its campaign to host the Olympic Games in 2016, something that may bolster the property market in the country.

President Lula Da Silva has thrown his weight behind the bid as the International Olympic Committee meets to decide where the event will be held.

The city is up against Chicago, Madrid and Tokyo, with the decision due to be announced in Copenhagen tomorrow.

Victory for the Brazilian city - which would make it the first time South America has hosted the event - could help bring in new investment in Brazilian property in the city and the country, a benefit London has been seeking from hosting the 2012 games.

Brazil is already hosting the 2014 World Cup and has already been tipped to see major growth in its property sector as the country's economy grows in the years ahead.

The Pioneer Land Group has tipped the average property in Brazil to rise in value by between 100 per cent and 200 per cent over the next five years.

Brazil 'bouncing back'

Fri, 26 Jun 2009 00:00:00 GMT

Brazil's property market is showing signs of recovery, a private equity investor has said.

Speaking at the Reuters Global Real Estate Summit, president of GoldenTree InSite Partners Thomas Shapiro said the market has bounced back "substantially" in recent months after a dip.

He gave as an example of this the company's 104-home development in the Vila Carrao area of Sao Paolo, in which "we sold every unit in four hours".

Mr Shapiro said that the prospects for the economy in the country are looking better than expected, with real estate bolstered by a government stimulus package, while commenting that the country is not currently vulnerable to a property bubble developing.

Such sentiments may encourage those thinking of buying property in Brazil.

The economy has been strengthened by the policies of president Lula, who has instigated "all sorts of market reforms that have made Brazil prosperous", US president Barack Obama said this week.

Brazilian government looking to attract foreign buyers

Fri, 16 Jan 2009 00:00:00 GMT

The Brazilian government is increasing its efforts to attract foreign property buyers to the country, it has been claimed.

According to property editor for BuyAssociation Paul Collins, authorities in Brazil are making it easier for developers to build in the country, as they look to improve so-called "residential tourism".

"As more people invest in Brazil it will become easier and easier [to do so] because the processes will become more and more streamlined," he explained, noting that the process of attracting people to the country only began as recently as 2005.

However, Mr Collins also noted that while the authorities are doing "whatever they can" to increase investment, the activity is still being controlled as developers are not allowed to "build anywhere".

Recent BuyAssociation research revealed that larger land plots in the country are often undervalued, with areas in a well-established development costing approximately GBP20,000 for a 1,000 square metre site.

Brazilian government attracting property investors

Thu, 15 Jan 2009 00:00:00 GMT

The Brazilian government is making efforts to render the process of buying property in the country more straightforward for overseas investors, according to an expert.

Paul Collins, property editor at BuyAssociation, said that entering the property market in Brazil is set to become "easier and easier" for foreign buyers on account of the government's ongoing attempt to attract overseas investment.

He explained that although tourism remains the main focus of the authorities, they are also aiming to boost the market for "residential tourism", whereby people visit the country and then purchase a home.

"As more people invest in Brazil it will become easier and easier because the processes will become more and more streamlined," Mr Collins said.

"There wasn't a Ministry of Tourism in Brazil until 2005, so they have only just actively started attracting people to the country."

Shelter Offshore recently reported that the relatively low cost of living is one reason for Brazil's popularity with European property buyers.

Figures published by Halifax this week show that the value of the pound against the Brazilian real has risen by 15.3% over the last six months.

Visit our off-plan property Brazil page.

Brazil 'set for five to seven years of growth'

Wed, 10 Sep 2008 00:00:00 GMT

The Brazilian property market is set to grow substantially for the next five to seven years, an expert has predicted.

Jose Paim de Andrade, the founder of real estate firm Maxcap, told the Economist this is the length of the period from now over which the country will see a housing boom.

Mr Paim de Andrade explained that the mortgage industry is booming in Brazil, being just a few years old, with loan durations and salaries increasing and interest rates falling.

Such news may be of interest to those looking to invest in Brazilian property, as it suggests the next few years may offer many opportunities for success.

One location well worth investing in is Quinta da Lagoa in Natal, Easier Property reports.

Apart from being very close to the fashionable resort of Pipa, the capital appreciation of property in the area should be high, according to international investor Gilles Acogny, who said he expected the value of his own investment in the locality to grow by 20 per cent per annum over the next three to five years.

Brazilian tourism sector set to grow

Thu, 14 Aug 2008 00:00:00 GMT

Brazil's tourism sector has been tipped to experience further growth this year, according to industry analysts.

The Brazilian Travel Agency Association stated that it is expecting visitor numbers to rise by 10% in 2008, reports Brazzil Mag.

This, it said, is despite a slight drop in the number of "low-income" holidaymakers in recent months, a development it has attributed to recent exchange rate movements.

According to spokesperson Leonel Rossi, this drop is "not very high" and not impeding overall growth in the tourism sector.

However, he added that more needs to done to promote the South American nation in other countries.

"There needs to be greater advertisement for Brazil abroad," he commented.

This comes after Brazzil Mag cited official figures showing that during the first half of the year, the country attracted more than 3.2 million visitors.

Statistics indicated that this is 2.67% higher than the amount recorded between January and June 2007.

Visit our off-plan property Brazil page

Brazil is booming as number of rich rises, says research

Tue, 5 Aug 2008 00:00:00 GMT

People looking at property for sale in Brazil may like to hear that new research has found the nation's economic growth has reduced poverty and increased the number of rich citizens, it has been reported.

New research released today (August 5th) by the Institute of Applied Economic Research (Ipea) found the ..........

Brazil rental market receives boost

Tue, 5 Aug 2008 00:00:00 GMT

Owners of a rental property in Brazil could be in line to benefit from growing tourism in the South American nation.

Brazzil Mag has cited official figures showing that 3.2 million foreign leisure travellers visited Brazil during the first six months of 2008.

This represents an increase of almost three per cent on the same period of the previous year.

The figures will be welcome reading for people who have invested in Brazil's buy-to-let sector, as they suggest rental accommodation is now in higher demand.

As a result, property owners could find themselves collecting higher rental returns and enjoying lower vacancy rates.

Commenting on the findings, Jeanine Pires of tourism institute Embratur said: "It shows constant recovery in the number of arrivals on international flights, which is very good."

Meanwhile, the Associated Press has reported that authorities in Brazil are to spend more than £1 billion on improving the country's airports.

The investment is being carried out in order to ensure they can deal with the high volume of passengers during the 2014 World Cup.

Brazil's economy set to keep expanding

Mon, 4 Aug 2008 00:00:00 GMT

Brazil has been tipped to continue experiencing economic growth over the next few years.

According to the New York Times, places such as the US and Europe are currently on the verge of recession and experiencing a downturn in their housing markets.

By contrast, Brazil is performing strongly and is currently in the middle of its biggest expansion in decades.

The New York Times said many sectors of the economy are reaping the benefits of this growth, as are many of the country's population.

Commenting on the impact of this growth, it remarked: "It has given Brazil new swagger, providing it with greater leverage to push for a tougher bargain with the US and Europe in global trade talks."

According to Amberlamb, the country's population is currently growing in wealth as the Brazilian economy is continuing to expand.

This, it said, is leading to new demand for high-quality properties in various regions, which the organisation believes could create opportunities for foreign investors.

Brazil property benefits from marketing

Wed, 16 Jul 2008 00:00:00 GMT

Brazilian property could be set to benefit from a new advertising campaign launched by the Ministry of Tourism (Embratur) using the slogan "Brazil Sensational"...

According to Embratur, the campaign is expected to be wider spread and more attractive than previous efforts and above all will have a greater impact on ..........

Brazilian property booms

Tue, 15 Jul 2008 00:00:00 GMT

Brazil real estate has continued to boom while other emerging markets are suffering miserable times, one commentator has said...

Writing in the New York Times, Judith Rehak said the Latin American nation was still enjoying economic buoyancy which was the reason for a boom in property in Brazil.

She cited Morningstar figures ..........