Quote:
Originally Posted by deedee1
 Hi all,
Would like to know peoples views on whether brazil is becoming a property and investment HOTSPOT or NOT..???
Personally I think that brazil is fast becoming a property and investment hotspot- currently one of the fastest in the world!
With so much changing so quickly- with investments flooding in and massive infrastructure and development improvements that are being made!
With numerous luxury resorts and facilities being built in a tropical climate with paradise on your doorstep!
What do you think...???? |
Hello All, i am a new member just joined, thought i would give you my views of Brazil, Yes i think it is going to be a hot spot but im not sure about up in the Natal area, their is a lot of hype about capital appreciating at 20% to 30% and also hype about 20% return on rentals etc.. and as for companies offering guaranteed rental for 3 years, this is included in the price you pay, I think a lot of people are going to be stuck with a property after 3 years not generating an income.
Also i have heard some horror stories about property being sold and the developers don`t even own the land,
have no licences and people have lost deposits, I read an article about drugs money being laundered people being arrested, etc., Natal area is not for me im afraid.
Nigel