Buying properties with rental income in mind in NE Brazil is probably not a good strategy in the short term. One option is be to buy in a development with a good rental pool system in operation which should generate some degree of rental income.
However, The prospects for significant capital growth remain very promising in the medium to long term. The global credit crisis, currency fluctuations are impeding capital growth in the short term but history has shown that recessions are often a good time to pick up properties. The mortage market in Brazil is also still in its infancy and its development over the next few years could give a substantial boost to Brazilian property prices across the board. The staging of the World Cup in 2014 should also serve a a boon for the Brazilian property sector by raising the Country's profile internationally.
While many on this forum choose to see a half-empty glass, I prefer to see it as half-full.
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