I wouldnt have said that property here in Brazil is at all cheap if you are buying to use as a holiday home . The cost of flights is astronomical and the cost of living is increasing rapidly. Why should someone think of buying a slightly cheaper house here in Brazil where he will have no profit whatsoever in renting ; where the roads are full of holes ; where more people die per year in shootings than Iraq (FAR MORE) ; where there isnt a decent sewage system; and where if he happens to hurt himself he can either chose to pay a small fortune in medical bills or face probable death in one of the public hospitals that is if he manages to get in through the door.
I would have thought there were far better places for a european or an american to buy a holiday home!!!!!!