Buying a Property in Brazil

Why Buy Property in Brazil?

Tourism is a new industry in Brazil, increasing by 30 per cent in the last year alone, and the property market is hot on its heels. And, despite being rather new on the international property-buying radar, this South American country seems to be ticking all of the right boxes for investors, holiday homers and retirees alike. A diverse landscape, rich culture, idyllic climate and affordability (the cost of living in Brazil is just 20 per cent of the UK) are just some of the reasons why British buyers have started flocking here – but property prices are the reason they are staying.

While the initial flood of interest in property in Brazil was from the investment market, buyers are now seriously looking for holiday homes and potential retirement destinations for the future as flight connections from the UK improves and flight time is down to around 6 hours.

Though the Brazilian economy itself has been relatively well-managed, leaving the country with some currency reserves as the government saved during the good times, the effects of the global recession are still being felt. Association with US and other international businesses has hurt the economy, though certainly not to the same extent it has elsewhere in the world. When the world begins to clamber its way out of the downturn, Brazil should be in a good position to come to the fore.

Popular property locations

The popular carnival city of Rio de Janeiro boasts 45 miles of white beaches – including Copacabana – meaning that it is popular for sure-fire tourist lets. Meanwhile, Sao Paolo is the government and financial centre of the country and, at an 11-hour flight from the UK, promises good business lettings.

However the best potential for buying property seems to lie in the northern beach resorts. The natural beauty of these areas have been complimented by a range of high-quality developments and inward investment, meaning that capital growth is on the up. But a purchase here isn’t all about money – some of the purest water and cleanest air in the continent has been found here, while the city of Natal boasts the highest quality of life (and the lowest crime rate) in the nation.

However it is the resort of Bahia which is attracting the most attention from UK buyers. Glorious beaches and an excellent climate, compliment good value for money – a mix which many purchasers believe will pay dividends in the long run.

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