Welcome Mineiro,
You are right about not being cheap here in Brasil ,especially in the long term!
Even on the short term to maintain properties as holiday homes can be a real pain and real time-consuming experience and costl experience -no doubt about it especially if you have taken out a loan with the hope of rentals covering that.
Renting out is something else-depends where it is ,demand etc,now for the people that may have invested in R.N will know that they will be having a pretty tough time trying to rent out their holiday properties ,whether it be a Brasilian or not ,so what is the outcome??Vende signs...........
Quote:
Originally Posted by Mineiro
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!!!!!!  |