With a population of 180 million, Brazil’s domestic market is huge and its wealth is rocketing as it remains largely unaffected by the credit crunch, making it a property investment hotspot…
One of the BRIC economies (Brazil-Russia-India-China) – which Goldman Sachs says will become superpowers – Brazil currently has the tenth biggest economy in the world ahead.
As well as boasting excellent natural resources, making it one of the most self-sufficient countries in world, Brazil is also the only region on the planet that is free of earthquakes, twisters, tsunamis, ethnic conflicts or terrorism.
It also has a temperate year-round climate of around 27 degrees with many days of sunshine and is a hugely popular holiday spot.
The country is extremely popular with foreign buyers due to its political and economic stability, and freedom to return profits and return of capital to the investor’s native country. The Bank of Brazil has been voted one of the best for investment.
The British Embassy predict that there will be over 50,000 UK residents buying property in Brazil by 2011 and investors can also expect to see high levels of capital growth.
Nick Cates, Global Business Development Manager at BRIC Group, says, “Foreign investment in Brazil is quickly gaining momentum.
“The area of Fortaleza is already one of the biggest domestic tourist destinations in Brazil and, with news that it may well be a host city when the World Cup comes to the country in 2014, interest looks set to sky-rocket.
“Millions of pounds are already being spent on infrastructure projects all across the country and, with direct access flights from the USA opening up, along with the domestic mortgage market, all the signs point towards Brazil being a fantastic location in which to invest.
“There is currently a lot of interest from Arab property investors due to an increasing number of direct flights between Abu Dhabi and São Paulo and the growing availability of funds generated by crude oil in the Arab world.
“Condo prices are up by more than 20 per cent since last April and continue to rise and the short-term rental market is running at close to 100 per cent occupancy for the next three months.
“Brazil’s policy of seeking stability over rapid, unsustainable growth is helping it to better weather the credit crunch.
“Indeed, while the economies of most of the western nations have shrunk in the past year, Brazil’s economy is expected to grow by 2.1 per cent, according to the United Nations Economic Commission for Latin America and the Caribbean,” added Mr Cates.
Check out BRIC Group
One company specialising in Brazil is BRIC Group, who have partnered with MD Brasil, the largest and most established developer in the country, to create the Coral Lake and Beach Resort in Flexeiras.
MD Brasil has thousands of completed projects and satisfied customers behind them and amongst their projects is the multi-award winning Fortaleza Airport.
Established for 15 years, BRIC Group boasts strong experience in land, property and financial markets and also has much experience of the global property market, with offices in five countries and multiple cities in Europe.
Each of the global offices has a local presence, ensuring BRIC has the inside track on that particular country. New offices will also be launched in Dubai and the USA over the next 12 months and the cash rich company will continue to invest into each of the fully regulated projects for at least a year prior to offering to market.
BRIC only ever work with two or three major developments at one time and they have a massive success rate with thousands of satisfied clients worldwide.
Why the Coral Lake & Beach Resort?
The Coral Lake & Beach Resort combines a fantastic opportunity to buy into a superbly designed 5-star resort in one of the future economic superpowers, with excellent value for money.
The resort is situated in Flexeiras, just north of Fortaleza – the capital of the state of Ceara in north eastern Brazil.
Not only does Flexeiras boast some of the world’s best beaches, it is also easily accessible – just one hours drive from the international airport and six to eight hours flight time from Europe or the USA.
Coral reefs protect the shores, making it extremely child friendly and there are no sharks on these beaches, unlike in other parts of Brazil.
Flexeiras is at the heart of a huge redevelopment to improve infrastructure across Brazil and of course, access to the Fortaleza stadium for the all important 2014 World Cup, is only a 30 minute commute. The area also offers living costs that are 60 per cent cheaper than in the UK.
Coral Lake & Beach Resort unites craftsmanship, design, luxury and investment. As well as offering a club house, tennis courts, swimming pool, barbeque area, lagoon, tropical gardens and floating restaurant, the resort also boasts direct access to the beach and gated entry.
There will be only 500 residential plots, with 300 properties planned, located in very impressive landscaped grounds. There is also a planned 4/ 5 star hotel with incredible landscaped grounds.
Fortaleza is just a short drive away and offers all the attractions you would expect from a vibrant capital city, including the largest water park in South America.
A minimum deposit of £3,248 is required, with the total investment being just £10,940.
A land plot from 212 square metres is around £4,307; single dwelling land plots from 450 square metres are around £13,563 and luxury front line villas from 120 square metres are around £67,690. The resort offers a very strong investment potential of up to 345 per cent by 2011.
Each villa at the resort consists of three to five bedrooms. Multiple plots are available which means buyers can opt for bigger homes if they wish to build on more than just one plot, and enhance profitability.