Quote:
Originally Posted by Celt
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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There is no reccession in Brasil, the dollar and pound are weak, the era of cheap flights appears to be at an end. Your glasss is nearly empty mate.
Buy here if you have a personal passion for Brazil or a love for a particular city/town/village where you are thinking of buying.
IMO as a pure investment there must be smarter options to be had elsewhere. If not head to the hills and start growing carrots because civilazation is f***ed
