The Brazilian Real Estate Market, both residential and commercial, has attracted phenomenal attention over recent years and Brazil property is currently considered one of the strongest markets in the world. The Brazilian middle-class has experienced vast changes in terms of lifestyle and Brazil property prices continue to soar at a staggering rate.
The growth has been so extreme that Brazil property prices, particularly in major cities such as Rio de Janeiro and Sao Paulo, can rival prices in more glamorous locations such as New York and Paris in terms of affordability and the availability of rental properties.
To put things in perspective for investors looking to capitalise on Brazil investment opportunities, the price of a basic apartment with little or no view costs as much in Brazils elite neighbourhoods as it does in prime locations across New York, Paris and London.
Whats drawing investors from around the world to invest in Brazil property in the current climate is the rental returns. As investors buy up property in Brazil they are able to rent out accommodation to a market of 7 million people who are currently searching for a home in Brazil. Investors are also able to target the tourism market, offering holidaymakers a place to stay during busy holiday periods.
Outside of the residential market, Brazil investment opportunities expand into the commercial real estate sector, with investors identifying commercial property in urban centres, such as Sao Paolo, as goldmines for profitability in terms of rental returns.
Housetech Developments CEO, Waseem Saddique, comments: The Brazilian Real Estate Market as a whole continues to boom and the majority of property experts acknowledge that Brazil property represents a solid investment for investors around the globe.
However, a number of sceptics have questioned the sustainability of such growth, suggesting that the Brazilian Real Estate Market has entered into a bubble with potential disaster on the horizon.
Yet, the Brazil property market continues to defy the sceptics and the majority of property experts say that suggestions that the Brazilian Real Estate Market has entered a bubble, are unfounded, circumstantial at best and borne out of scaremongering tactics targeted at overseas investors as home-grown Brazilian property investors look to oust the competition in order to land the best properties.
What is clear is that the competition to get involved in the Brazilian Real Estate Market is fierce and that only looks more likely to increase over the coming years as investors look to profit from upcoming events that include the 2014 FIFA World Cup and the 2016 Olympics. With that in mind the market in its present state can be defined as truly solid.