In my opinion, by far the most effective my to leverage the current martket conditions in Brazil is to buy land as part of a buy and build project such as Coral Lake and Beach Resort in Fortaleza, North East Brazil.
The Coral Lake and Beach Resort is a master planned developement on which you can purchase an individul building plot for a villa on the resort, with the choice of either sitting on it for some time or sigining a cost price building contract with the resort developer to build a choice of three villa designs.
Cost per metre for an off-plan apartment in this area is around $1,500 per metre, yet using this strategy you can have a free-standing villa, built by one of Brazil’s top firms, for around $1,300 per metre. And there is no commitment to build, you can simply sell on your plot later if you wish.
Personally I am buying plots, signing the build contract to begin in 2 years when the rest of the resort infrastructure is built, then sell them on as an off-plan villa. I have used this strategy in Turkey twoice, Bulgaria three times and Northern Cyprus and I have neeted no less than a 30% annual return on investment each time, it workd for me.
This region of Brazil is so stunning it really does take your breath away and the governemtn are investing $7.5 Billion in air, road and underground infrastructure for the 2014 world cup. Not onlythat but the majority of Brazil’s own 25 Million tourists vist the area annually plus the 6 Million foreign tourists, a number increasing by 15% year on year.
Definitely my investment of the year so far.