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
|
I read your website in relation to Brazil, above you speak of "Due Diligence" which to me means facts and figures, not broad statements. In view of the fact that you recommend "Due Diligence" please can you be specific and tell me which particular airlines actually offer flights to The Fortaleza region? To quote you..... "Both Gatwick and Manchester now offer weekly direct flights to the Fortaleza region."
According to my research not one airline from The UK offers direct flights to Fortaleza, TAP may do a transit flight via Lisbon, but no UK Charter or Scheduled airline goes there! I have just run an internet search on three major airline search sites and there isn't one charter flight out of the UK into Fortaleza in the next six months. There are only two airlines quotes, Lufthansa via Frankfurt and TAP via Lisbon. The cheapest price is about £700. So please explain how your "due diligence" has come up with such rash statements? Sorry to be to the point, but if you make claims, please back them up. If you have done a lot of research into Brazil, please explain why you have got it so wrong on the flight situation? Communications are the key to good expanding "off plan" property markets and those simple, easy, cheap communications just do not exist at present. You don't claim, the future, you claim the present.."now offer weekly flights"..the key word being now! This is not correct. To my mind the huge concern with Brazil is not the bubble bursting, but it being burst before it even starts. What will burst the bubble for investors is demand and prices being unreasonably inflated without the real demand to back up these claims. Clearly, sellers have to try and create a demand and sell the alleged benefits of investment,but there are degrees in how you go about this and I think that inflated and incorrect claims about "easy access" are not, in the long term good for you or your potential investors as there will e a stage in the game when the "stark realization" will occur. I find it quite amazing how you indulge in telling people to do their "due diligence" when you haven't done it yourself. This is going to bring me a lot of flack, but I am a serious investor and claims like this are not good for the long term market and others less cynical than me might believe you. Boom and bust is no good for anybody, least of all or Agents that have to explain to their original buyers why they are dumping properties at a lesser price than than they had predicted.