Brazil property is among the best for investment in 2010 international property investment consultancy Property Frontiers has announced. The firm is busy compiling its report into the 10 best destinations for Property investment in 2010, but refused to give specifics about just how high Brazil is on that list.
"Brazil is most certainly one of our favourites for investment in 2010, but it would be foolish of us to give the game away in advance of our full release. What I will say is this: Brazil property is the poster boy for property investment in 2010, but unlike some of the others that may make it onto the chart, Brazil will continue to be a solid investment for the next 10-50 years, no matter how much growth it enjoys during this time," said Ben Jeffries, the firm's sourcing manager.
The reasons mentioned by the firm, included the massive potential for economic growth, not least from the new oil field discovered below the Brazilian territories, but also because of massively rising tourism, which in itself is an investment strength. Brazil winning the honour of hosting both the FIFA world cup in 2014 and the Olympics in 2016 was also mentioned.
Some people disbelieve that the World Cup will have an impact on the property markets of host cities, but this World Cup may well prove to be different than any other:
The World Cup tends to be hosted in developed nations, which means trips to support your country tend to be very expensive affairs indeed, especially with the current weakness of the pound etc. The World Cup being hosted in Brazil will make the trip affordable to more people, and there will be a massive increase in demand for rental property in host cities in 2014.
Property Frontiers are currently marketing a fantastic luxury property in the host city of Natal, which is potentially the perfect property for a man who wants to go see the World Cup but has a family to consider.
The Natal Ocean Club represents the absolute pinnacle of modern beach-front living. It is literally yards from the beach, and yards from major shops and all amenities to compliment those found on the resort itself. 1 bedroom apartments in the resort start from £138,000 with 2 bedroom apartments, and 1 and 4 bedroom villas also available.
Goldman Sachs says that Brazil will be the fifth largest economy in the world by 2050, so Brazil property (http://www.propertyfrontiers.com/
Source:
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