The Brazilian property market produced a set of very positive figures in July proving the scenario for real estate generally is back on track.
Brazilian holidaymakers and rental property owners have embraced holiday lets so much that the number of properties available and the number of people using them have increased dramatically over the last few years. With the Olympic Games on the horizon, Brazilian holiday lets have never been so popular as this news article by BRIC Group explains.
Optimism surrounds the Fortaleza property market based on the city’s pent-up demand and lack of supply, a situation that contrasts with many other cities in Brazil. This conclusion was reached by some of Fortaleza’s most prominent business people in a recent interview published in O Povo newspaper. This latest BRIC Group news article provides a summary.
Brazilian real estate continues to attract international investment funds, keen to make the most of the current situation in the Brazilian property market. Among the largest investors is Blackstone who claims that now is the time to invest in property in Brazil, as this latest BRIC Group news article explains.
The Brazil property market has just received a boost in the form of improved mortgage lending terms from one of the largest Brazilian banks La Caixa Economica Federal. Under the conditions, it’s easier to borrow more money to purchase Brazil property. This latest BRIC Group article reports on why analysts believe that the move will bring fresh air to the market.
One sector of the Brazilian property market is flying high despite the economic slowdown in the country. Luxury property in Brazil had an excellent year in 2015 – some properties sold for over R$80 million – and there’s every sign of a repetition of this in 2016.
Analysts looking back over the last year for the performance of property in Brazil are unanimous. Market conditions in 2015 were much better than many had predicted since prices rose rather than fell. And for the coming 12 months, experts are forecasting the year of the buyer.
The market for holiday lets in Brazil is relatively young and it’s also one of the fastest-growing holiday options in the country. A recent survey points to Northeast Brazil as one of the best value self-catering locations. In addition, portals advertising bed and breakfast type accommodation in Brazil have seen huge increases in listings and bookings.
With just over a year to go before Brazil welcomes the next Olympic Games, the host city Rio de Janeiro continues to dominate the Brazilian property market rankings. Not only is Rio the most expensive city in Brazil to buy a property, it also tops the rental rate lists.
As any savvy investor knows, the ideal time to purchase an asset is when prices are low. With currency exchange rates at their most favourable for foreigners in a long time, Brazilian property stands at its most attractive. So argue experts from the Brazilian property sector and – judging by record lending figures for April – so do Brazilian buyers.