I first considered investing abroad about two years ago. I started surfing the net for info and got interested in the Ukraine. I thought that Ukraine would be likley to join the EU within the next ten years and that property prices would probably increase dramatically as a result. I travelled from Kiev down to the Crimean peninsula over a period of a week and came to the conclusion that an investment there would be fraught with problems. I couldn't make head nor tail of the Russian script on a restaurant menu let alone try and buy a property in a country with a reputation for corruption and organised crime. It was then that Brazil somehow appeared on my radar, possibly because I had previously enjoyed a trip to Rio and Iguazu.
I started subscribing to email alerts from real estate agents who were pushing Brazilian property. I attended an exhibition in Birmingham where the 'quality' of the agents varied widely from very knowledgable people to complete dumbos (why do they spend money on an exhibition stand and then staff it with 'salespeople' who don't know the fist thing about the properties for sale or the locations?). I also began lurking in forums to see how other people were faring with their new Brazilian property purchases.
Finally, I felt ready to embark upon a field visit ...
I also noticed Brazil property market and believe that you can do profitable investment in Brazil. I found out that Brazil property market is fast becoming a popular investment destination for overseas investors due to the massive benefits of low property values and the fast strengthening Real, gaining nearly 10% so far in 2007, thanks to the county’s increasing economic stability and investment inflows. This, combined with a significantly lower cost of living than many traditional property investment locations, allows for a more luxurious lifestyle and the still large areas of the country unexplored by foreigners are drawing attention on property investors radar.
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