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Investment in Brazilian land 'an affordable option'

Date : (News Section: Brazil)

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Investment in Brazilian land 'an affordable option'

Buying land in an up and coming area of Brazil may prove to be a sensible investment for those keen to enter an overseas real estate market.

Managing director of DLT property Dean Thomas explained purchasing a plot of land offers a "low entry, affordable way" into the sector.

He highlighted the prospects for Brazilian property in the state of Rio Grande do Norte, where the tourism industry is developing and investment from businesses is flowing in.

Mr Thomas added this north-eastern region of the country is not as established as other locations - such as Rio de Janeiro and Sao Paulo - providing potential opportunities for investors.

Last month, Money Week cited data from Capital Economics, which showed property prices in Sao Paulo and Rio de Janeiro have climbed by 140 per cent since 2008.

The organisation's figures also revealed the value of real estate in the country's top seven districts increased by 25 per cent in 2011.
 


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Article by +Peter Mindenhall on behalf of Propertyshowrooms.com

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