Brazil is a smart choice to invest money right now. The economy is on the rise (Brazil created 2.5 million jobs last year) and the property market has been increasing in value over the past few years. Brazil will be a bright spot in the global economic recovery for years to come. See the following article from International Living for more on this.
The property market in some regions of Brazil is on a tear. In parts of North-East Brazil, for example, I’ve seen the value of some condos increase by 50% in just over two years. Better still, because of the financing here, you can make a small down payment (as little as 1%) to control this condo over the two-year period with an investment of a fraction of the purchase price.
This is where I have been investing my money.
Last year Brazil created 2.5 million jobs. Credit and mortgage finance is opening up. The new middle class are now consumers…and are in the market for a shiny new condo or a vacation on the beach.
Brazil has what the world needs and wants—which means that this trend is set to continue.
• Food: Brazil is one of the world’s largest agricultural producers and has vast potential to add capacity in the uncultivated grasslands of the states of Bahia and Mato Grosso.
• Energy: Brazil is energy independent. And, that’s before it starts to bring oil ashore from the recently-discovered giant Tupi field.
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• Water: Much of Brazil sits on a giant aquifer. Brazil has the world’s largest freshwater reserves.
• Minerals such as iron ore are in abundance.
• And, with a young population and strong manufacturing sector (they make their own planes, trains and automobiles), Brazil has the capacity to produce larger quantities and add more value in the production process.
Fortaleza, in Brazil’s North-East, has done particularly well, with growth outpacing the rest of Brazil. Today’s hottest real estate opportunities are here.
Fortaleza is surrounded by hundreds of miles of dazzling, white-sand beaches. Its clear, tropical ocean waters maintain a year-round temperature of 80° F. Serving as the glimmering centerpiece for the state of Ceará, this capital city of almost 3 million people is the number one domestic tourist destination in Brazil. Fortaleza boasts its own beautiful in-city beaches, buzzing nightlife, and great restaurants.
It’s in one of Fortaleza’s inner city beach areas where limited supply is set to meet a flood of demand. When this happens, prices rocket.
Fortaleza’s bustling boardwalk is the tourism, social, entertainment, and high-end real estate center of Fortaleza. Rentals here stay full and charge top dollar. This is where Brazilian millionaires and billionaires own condos; some as big as 5,000 square feet. For a 1,000-square-foot condo you could pay $500,000 or more.
Iracema Beach is minutes from the boardwalk. Now Iracema is getting a major facelift. The result will be to extend the boardwalk to include Iracema Beach.
This project is part of the $5.8 billion investment in tourism and infrastructure in the lead up to the 2014 soccer world cup (Fortaleza is a host city).
Two and a half years from now, there will be no visible break from the boardwalk to the Iracema Beach area. It will all be boardwalk…it will all be “millionaire’s row”. Yet today, you can lock down a condo here for $110,000.
Continued growth in Brazil…even faster growth in Fortaleza…a pocket of opportunity (Iracema) where supply will be limited…prices 40% of what they are minutes away: This is why I’m bullish on Iracema.
And, this is why I made sure members of Real Estate Trend Alert have plenty of time to see first-hand what’s going on when they visit on both the February and March members-only scouting trips. There’s still a few seats on the bus (it’s free for members). To learn more about Real Estate Trend Alert and the opportunities in Brazil, watch this video.
This article was republished with permission from International Living.