Hi Lisa,
I agree with most of your sentiments, but I don't think the volume of new properties coming on the market is anywhere at the levels required to create a bubble. Whilst there is a lot of building going on it is tiny compared to what is still going on in Spain and in Dubai.
I do agree you should get in fast though as our latest development
here is nearly sold out after only a few weeks. I know the owners of another 2 developments in the area that were built years ago and they are still running them as resorts and have been making excellent rental returns for their clients since then and look likely to for years to come.
As you say use a good agent to find something to suit you and your budget and always, always get a lawyer to act on your behalf.
Regards,
Rob
Quote:
Originally Posted by LisaNic
Hi dee
Being an agent for Brazil I can say that i feel it is certainly a fashion for investors at the moment to be buying in brazil, however people are not just buying for huge ROI, many are lifestyle buyers as well. Certainlly for us an agent Brazil has been the "HOTSPOT" for 2007 so far, with 85% of our sales being on projects there. Of the 85%, 60% have been in natal.
I have done a lot of research in to the Brazilian market in order to be able to advise clients effectively and we are telling clients that brazil is a good short and mid term investment with a medium risk level. I do feel however that the bubble will burst eventually with the amount of devlopment going on especially around natal and fortaleza. This I feel will open to new markets such as Panama and India, which are tipped as "the hotspots" for 2008.
The huge concern with Brazil is the amount of unlicenced projects, however if clients uses a good lawyer and carry out full due diligence there should be no problems at all. A good agent is always a useful ally as well, especially an agent who carries out due diligence prior to launching a project in order to be able to advise clients in an open and honest fashion.
I definitely feel that those buyers that have already bought in Brazil have made a great and wise investment and i am sure they will see great ROI over the forthcoming months / years. Those that havent already bought should get in before the end of 2007 to ensure they see the maximum available returns.
Mant thanks
Lisa
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