Quote:
Originally Posted by sturio
Hi all.
I'm a British journalist with Reuters news in Rio de Janeiro and considering writing a story on whether the "credit crunch" and softness in the UK/US/European markets is affecting the second home market, such as Brazil's.
I'd be interested to hear peoples' experiences on this, whatever they may be. For instance, has there been a slowdown in the hot northeast Brazil market? Are some people considering selling up here because of house price/mortgage worries back home? Any worries that rising fuel prices are going to make it more expense to get here, hurt the rental market etc.? Have too many big condo/villa developments been built? Or is property so cheaply priced here that it remains attractive despite the downturn elsewhere?
Thanks in advance,
Stuart
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Stuart - simple, wide ranging, all embracing, answer? NO.
Dotty - Quote me to fly to Europe (return) from here then fly to ski resort in Europe (you choose which one), hire all the gear, including suits, lift passes, etc, etc, and still claim that from here it is cheaper than Argentina? At least compare like with like, and the exchange rate makes Argentina very attractive. Anyone want to organise a last minute group?
Any slow down in Natal is probably caused by their own success. As more people invested, so prices increased, investors looked elsewhere and found better deals. However, even though I have been critical of Natal in the past, I still believe the eventual future there for investors will be 'Christmasy"!