Foreign property buyers drawn to north-east Brazil
Foreign property investors are increasingly looking for opportunities in the Brazilian market, an expert has noted.
According to Paul Collins, editor of the BuyAssociation website, the north-east of the country is proving especially popular with real estate buyers from overseas.
Natal, for instance, was said to be attracting lots of interest, partly because it is a very popular holiday destination.
As a result, investors who transfer money onlineto purchase a property in the region could be able to cash in on strong demand for rental accommodation in the area.
"This region is the focus of residential tourism in the country and is attracting visitors and investors worldwide," Mr Collins commented.
He noted that the appeal of north-east Brazil to foreign property buyers is being bolstered by strict planning regulations that have been put in force.
Indeed, Mr Collins said the government has recently been trying to make sure the area does not end up getting overdeveloped and populated with too many buildings. He stated that these efforts "seem to be paying off".
Brazil has been generating lots of interest across the globe as it is currently gearing up to stage two major international sporting events. The World Cup will be hosted in some of the country's biggest cities in 2014, while the Olympic Games is coming to Rio de Janeiro two years later.
This has prompted authorities in Brazil to step up their investment in its infrastructure and amenities, so it is able to deal with a surge in visitor numbers and offer the facilities many people from overseas would demand and expect.
Mr Collins was speaking shortly after Dan Johnson, managing director of The Move Channel, noted that Brazil is proving especially popular with lifestyle buyers who are keen to purchase a holiday home – an indicator that its investment potential is an added bonus rather than a core priority for many people.