Quote:
Originally Posted by John Miller
I agree, with the two previous posters, but there are 2 issues.
1. the northeast is good for tourist and travelers, but no guarentees on rentals all year long.
2. the people of Rio are in need of better accomodations or second homes as there is a void in the developments in the area. As the interest rate goes down every .5%- 2 million people will be able to afford a mortgage.
there are companys in Rio that offer 20% buy back guarentee as well and they start at about £42,000, not bad if you compare what you get in the northeast
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Because of the current political and economic situation in the country, there are numerous areas which offer fabulous investment opportunities. For Europeans, purchasing overseas can often be a combination of personal use and investment (personally when I buy in Brazil I'll be looking for a place which not only fills my investment requirements but which I could also use as a temporary/semi permanent base when needed.) For that reason I've focused more on the Northeast.
But I would be very interested on a personal level to hear more about the conditions and offers in Rio. Although I don't think as a company we'll be looking at promoting property in Rio too soon, one should "never say never"!?