Brazil has suddenly become the number one holiday hotspot and THE place to buy a vacation home if the press and media are to be believed!
In an article published this week in a popular British Sunday newspaper, the average Briton was seemingly being urged to consider investing in a second home in Brazil either for their own enjoyment or perhaps as a place that they can earn an income from by renting it out to friends and family...
So why has Brazil's star started to rise and is it really a place where you can trust an investment into real estate - let's take a closer look?
The fact of the matter is this - since Brazil re-elected Luiz Inacio Lula da Silva for a second term in office as president the country has been going from economic strength to political strength and this has resulted in the wider acceptance and promotion of Brazil as a reliable, robust economy in which to invest in, and as an attractive, safe, increasingly accessible and very affordable place to vacation...
The president's policies are quite simply working - and this is why Brazil's star is starting to rise.
Economically Brazil is doing incredibly well, foreign direct investment is strong and the government is doing all it can to support and promote foreign investment. In turn this gives investors even more confidence to invest further - to the point that big name players like Donald Trump are now developing real estate empires in Brazil, and General Electric Real Estate is committing millions to long term direct investment into property in Brazil.
Okay - so - the big players are gunning for Brazil and profiting from Brazil- but that doesn't explain why you should buy a vacation home in Brazil!
According to the World Travel and Tourism Council's findings, the rate at which Brazil's tourism industry is growing is far and away more impressive than the global average. In 2007 so far tourism has expanded by 7.2% which is almost 3% above the global average. Brazil is being developed and promoted as a golfing destination, it is about to witness the construction of the fifth largest airport in the world, it has beaches, mountains, rainforests, cities and much, much more to draw in the crowds and so far, construction of resort style and attractive real estate is not keeping up to the demand for places to stay, for apartments to buy, for villas to live in...so there is money to be made from property in Brazil.Therefore, why not jump on the property investment bandwagon that is luring in thousands of potential buyers and investors every month and secure yourself a vacation home in Brazil? As a foreign buyer your rights are as protected as a local person's - that's a commitment from the Brazilian government - you can easily and affordably now access Brazil and your property from North America, the UK and mainland Europe, you can rent out your vacation home to friends and family or even through an agency...and what's more, you can buy in to a real estate market that actually has some life left in it! Unlike the British, Irish, German or American markets for example!
By Rhiannon Williamson