Real Estate & Currency Exchange News in Brazil from Propertyshowrooms.com

Investors eye opportunities further afield

Thu, 21 Apr 2011 00:00:00 GMT

Economic uncertainty in a number of European destinations has prompted foreign real estate investors to look “further afield” for the best returns, it has been suggested.

This is the opinion of Nick Marr, chief executive officer at Homesgofast.com, who believes that volatile domestic markets and unpredictable currency exchange rates have led to a move away from traditional destinations.

It could prompt an increase in the number of individuals looking to buy property in Brazil, with the South American nation considered as one of the best prospects for this year.

"Volatile foreign currency rates and housing markets as a result of Portugal's bailout and rumours of Spain and even Italian economic difficulties, have led to investors looking further afield,” Mr Marr explained.

The expert’s comments follow the publication of research from leading property portal uv10, which found that at the end of 2010 some 9.1 million Brazilian families had intentions to purchase a home in the country this year.

Pound's value 'making Brazil more popular'

Mon, 19 Jan 2009 00:00:00 GMT

Brazil's popularity as a destination for holidaymakers is increasing, Halifax has stated.

According to the lender, the country is seeing an increase in visitors as tourists look for affordable countries located outside the euro zone during the credit crunch.

Economist for the Halifax Suren Thiru stated that Brazil's currency has fallen in value against the pound due to the country undertaking substantial amounts of trading with the US.

And this, he said, is making it more attractive to Britons looking for cheaper holidays.

"A lot of traditional destinations in Europe like Spain and France have become more expensive than they were a year ago," he explained, noting that many places outside the euro zone are now "more affordable".

Mr Thiru's comments follow those of BuyAssociation editor Paul Collins, who earlier this week stated that Brazil is increasing its efforts to attract property investors to the country by making it easier for developers to build on what is often undervalued land.

Pound 'worth more' in Brazil and Australia

Thu, 15 Jan 2009 00:00:00 GMT

Brazil and Australia are among the destinations Britons may chose when going on holiday this year, new research has suggested.

Data from Halifax has indicated that many holidaymakers may seek alternative countries during 2009, due to the recent weakening of the pound against the euro and the dollar.

And these two countries are among those where the pound's value has risen, with sterling being worth 15.3 per cent more in Brazil now than six months ago and 6.8 per cent more in Australia.

The exchange rate fluctuations may also benefit property investors, as those looking to make purchases in either Brazil or Australia may be able to use the strength of sterling in these areas to their advantage.

However, investing in some areas of Europe may prove more costly, with chief economist at Halifax Martin Ellis noting that "the pound has fallen significantly against both the euro and the US dollar in recent months".

Tom Falcao of Brazil's tourist office in London recently stated that the country's north-west region is well-prepared to cater for foreign visitors.

Currency depreciation will help Brazilian tourism

Wed, 10 Dec 2008 00:00:00 GMT

The Brazilian government, business people, travel industry personnel and the Brazilian Tourism Institute need to propagate the message that the depreciation of Brazil's currency makes travel to the country cheaper, it has been claimed.

In an interview with brazzilmag.com, Alvaro Bezerra de Mello, the president at the Brazilian Hotel Industry Association (ABIH), noted the number of foreign travellers arriving in Brazil had fallen following the appreciation of the country's currency in relation to the dollar earlier in the year.

However, the dollar has since strengthened, meaning travel to Brazil - and foreign property investment - is now cheaper, and Mr de Mello believes this message needs to be broadcast to as wide an audience as possible in order to boost the tourism industry.

Mr de Mello is confident that the 2014 Fifa World Cup will also help to stimulate the tourism sector, noting that previous hosts of the Olympic Games had seen more visitors to their countries.

"Brazil is going to take off. It happened in Barcelona, it happened in Sydney," he told the online publication.

The next Fifa World Cup is due to take place in South Africa in 2010.
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Brazil's Real 'weakens'

Wed, 10 Sep 2008 00:00:00 GMT

The national currency of Brazil has sunk to its lowest level since January, according to new data.

Finance minister Guido Mantenga has announced that the Brazilian Real has weakened by 8.2 per cent over the last month, which may interest people interested in real estate in Brazil.

He also predicted ..........

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.

Investors 'To Head For Emerging Markets'

Mon, 14 Jan 2008 00:00:00 GMT

Overseas property investors have been tipped to make further inroads into emerging markets this year.

According to currency specialist HiFX, less established locations are increasingly reducing the dominance of traditional property investment spots such as France and Spain.

Brazil was highlighted as a particularly popular market among Britons, since it offered relatively cheap property values.

The firm added that the country was likely to experience further economic growth this year, further enhancing its appeal to foreign property buyers.

Mark Bodega, director at HiFX, commented: "It's easy to see why investors in particular are turning their backs on Spain and examining new markets at an earlier stage in their growth cycle."

However, Mr Bodega said established countries would continue to remain popular options among many buyers, despite the growing level of competition from emerging destinations.

The SaveBorrowSpend website recently tipped Brazil property as a good investment option because it offered bargain prices and the potential for further capital growth.

Brazil is 'a pleasant surprise' for investors

Tue, 17 Apr 2007 00:00:00 GMT

A strengthening currency and low property prices are attracting British investors to the Brazilian market, a real estate portal has said.

According to Homesgofast.com, land in Brazil is "unbelievably cheap", while the real estate market is also performing well.

Furthermore, the cost of living is very low and many Brits are attracted to Brazil because there are areas that still appear "untouched" by foreign influence.

Nicholas Marr, spokesperson for Homesgofast.com, said: "Investors are going out there and saying: 'Oh my God, I can't believe this'.

"In Fortaleza, north-east of Brazil, five bedroom villas were going for around the £90,000."

He commented that once direct flights become available, Brazil would really "take off" as a place to invest.

"Forteleza is where a lot of South Americans go on holiday and if Europeans knew about it ? if you could fly there direct from the UK ? that would be a really good place to go," he added.

According to an index by Currencies Direct, Brazil is in the top ten of favourite property locations for British buyers.