Property Investor information: Brazil
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Property Investor information for: Brazil
Brazil shares a border with nearly every other country in South America and covers almost half the continent. It is the fifth largest country in the world with an area of eight and a half million square kilometers.
Despite its vast expanse of territory, Brazil's population is concentrated in the major cities of its coast. The urban sprawls of Rio de Janeiro and Sao Paulo dominate the southern coast. Further north, towns such as Salvador and Jo�o Pessoa retain the colonial atmosphere of the early Portuguese settlers. The great interior, much of which is covered by the rainforest basin of the Amazon, remains sparsely settled.
Although Brazil is a vast country, there is only a selection of areas that present a good opportunity for property investors. Rio remains a major draw due to the long history of tourism and the obvious appeal of the city itself. However, the Rio investment property market is currently suffering a downturn, which on the bright side is not expected to last. The dip in prices may therefore present a good opportunity.
In contrast the Sao Paulo investment property market is beginning to boom. The city is beginning to shake off its violent image and a great many Brazilian and international companies a re-locating there from elsewhere in Brazil.
The other main area is Bahia on the North East coast. The area has some stunning beaches and a balmy tropical climate. The area remains cheap, but it is the centre of Brazil's tourism push. There is a reasonable amount of development occurring to appeal to foreign holiday makers and home owners alike. For a traditional holiday let investment, Bahia may be the best opportunity Brazil has to offer.
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