Brazilian Property Investment Fuelled by Incredible Economy

If publicity and positivity could get mortgages and buy property, Brazilian real estate agents would all be rich.

Right now, the Brazilian economy seems to have the world at its feet; everything points to strong growth over the short, mid and even over the long term, with oil pouring into the economy for at least the next 50 years.

Before Brazil discovered oil in 2006 it already had one of the largest agricultural sectors in the world, and a rapidly growing services sector, both of which would make it an economic force to be reckoned with. The discovery of the Tupi oil field, the largest western hemisphere oil discovery in 30 years obviously boosted Brazilian economic growth massively, and experts now predict that Brazil will be the 5th largest economy in the world in the next 50 years.

On top of that it is scheduled to host the World Cup in 2014 and the Olympics in 2016.

Right now, after one of the shortest recessions inflicted by the global crisis, the Brazilian economy is growing rapidly, unemployment is at 7.4% and falling and affluence is growing rapidly. Growing employment, affluence and most importantly confidence, is creating an increasingly aspirational population; they want to buy homes and their demand is outstripping supply by at least 70,000.

Because of this shortage of affordable housing for Brazilians, this is widely regarded as being the hot investment tip with regards Brazilian property. This is not a new thing, but what is a new thing is the availability of affordable Brazilian housing on the international market. This changed with the Edificio Dr Geraldo Furtado development.

Located in the Petrobis district of central Natal, — one of the most exclusive locations in Brazil and home to many wealthy individuals — Dr Geraldo Furtado offers 2 bedroom apartments from just £53,000. This is 20% below market value. The building has 26 floors, of which 22 are luxury residential floors, 3 are underground parking, staff quarters, reception and 1 service area, it has the best tiles for inside and the patio, they give the building a special touch. You will find a selection of 2 and 3 bedroom apartments with sizes between 55m2 and 99m2.

These apartments are aimed specifically at the local market; foreigners buying now will enjoy high occupancy from those coming to live in and work in Natal, not least because it is located near the business district, and will also stand to make a strong capital growth when it is time to sell. In five years time the aspirational population will almost certainly be falling over each other to buy such high quality properties for twice the price we can offer them at now.

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Categories: Brazil Property / Property Invest


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