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Posted On: 30/06/2009
Brazil Property: Down but Definitely Not OutAzure Overseas have recommended overseas property investors look to Eastern Brazil for property investment in 2009. The overseas property specialists is selling 1 bedroom apartments on Brazil's gorgeous east coast for just over £50k, a sign that prices are still holding firm in the region. Director Frank Crowley said:
"Property Wire this week posted that it is hard to get a clear picture because agents are maintaining Brazil is unaffected by the credit crunch, and other reports saying that prices aren't moving upwards as they were. We always tell the truth in our statements, and I will say now, in all honestly there are very few places on earth that can say the credit-crunch has left them alone -- Brazil included.
"What I will also say however is that Brazil has been nowhere near as badly affected as other places; its main problem being fear and lack of confidence caused by the credit-crunch hindering sales. That said; property is still selling and prices in Brazil have been holding steady, not spiralling downward as we have seen in other emerging markets, and though sales have dropped since mid-2008 we have seen a slight rise in the past two months. If sales continue to rise prices will begin to rise again soon"The property mentioned above is the Jangada das Dunas development, offering apartments in Fortaleza Brazil from £53,757. The apartments come with an amazing 12% guaranteed rental yield, which is a sign of strong tourism to the area, the main fuel for growth in Brazil property prices.
Consisting of 1,2 and 3 bedroom apartments the Jangada das Dunas development has an impressive range of facilities and amenities, including: a communal swimming pool, Tiki bar, 2 restaurants, surrounded by tropical landscaped gardens. A spa and sauna centre, business centre with full office facilities, and a games room.
Offering equally good value for money and investment potential is the Lagoa Pearl, offering apartments in Bahia from £67.5k. The "celebrity endorsed" resort style development is being hailed as a major tourist attraction, because of its 2km of private beach and an impressive range of leisure facilities including a golf course.
Azure Overseas have properties throughout Brazil, mainly along the east coast, find out more by visiting the site.
About Azure OverseasAzure Overseas is a member of the National Association of Estate Agents (Overseas) and adheres to the highest standards of customer care and stringent market research/due-diligence.
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