Brazil is a relatively new arrival on the international
property
scene, but consistently ranks among the
world’s top invest-
ment destinations. Knight Frank
classed Brazil as one of the
few “stand-out hotspot
locations” in 2008 and ranked it as
one of the top ten
global opportunities in 2009 (Knight Frank/
Citi Private
Bank Global Wealth Report 2009).
According to the
Report, “Brazil has considerable untapped
potential
and offers many attractive features”.
For Homes Overseas magazine, Brazil ranks in 4th
place in the top ten
places to invest in 2009, a year
when Homes Overseas
believes the Brazil property
market “will see significant be-
nefits”.
Brazil’s investment potential comes from its natural
beauty, favorable climate and competitive pricing –
luxury
property is considerably cheaper than
equivalents in Europe.
Brazil’s north east region
around Ilhéus and Itacaré area, is currently a major focus of international
investment interest centered mostly on the coastal areas
of this stunning region.
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Brazil releases no official statistics on house price
increases, but
according to the Knight Frank report,
Brazil – Latin America’s emer-
ging luxury second
homes’ location - average price growth in the
north
east region has been very strong over recent years.
The report forecasts this impressive growth is to
continue.
Brazil
is making significant progress in improving
transparency within its
property market.
According to
the Jones Lang LaSalle Real Estate Transparency
Index
2008 (the latest available), from 2006 to 2008 Brazil
registered
the largest increase in transparency in Latin America (along with
Panama) and was 11th in the
world, increasing its score in 4 out of
5 categories.
Still classed as an emerging property destination
within the global market, Brazil offers property prices
that are
around a third cheaper than European resort equivalents. |
