Opportunities for Investment
Buying overseas properties
abroad has become increasingly popular with British and Northern Europeans for various reasons, mainly the warm climate, affordable prices and investment opportunities. When it comes to investing in emerging markets, the challenge is often exacerbated by a lack of available information and advice. Golden Choice Properties offers a complete service for anyone looking to buy or invest in property overseas.By offering you only the best quality, most desirable overseas investment property abroad at the best prices and at the earliest stages, we insure you get the best value for your money.
Browse our web site and find your overseas property from our large selection of worldwide investment property abroad.Tourism in Brazil has been up twenty percent over the last eight years and is expected to double by two thousand eight. This doubling is expected to create a huge demand for resorts, vacation villas and holiday homes. With the Brazilian government’s recent investment of millions of dollars in the country’s tourism industry they are hoping to reclaim their city and stimulate the Brazil real estate market.
It is relatively easy for foreigners to purchase Brazil property
and the right of freehold for foreign nationals is incontrovertible. Brazil is currently classed as an emerging market with some analysts anticipating the Brasil property market to hit an upward trend in the near future. As it stands currently, the price of Brazil real estate is relatively low. In fact, the property prices in places like Fortaleza and Ceara are so low that you can get a spacious condo on the beach for approximately forty thousand US dollars; although property prices have gone up by about twenty percent since last year. There is presently a housing shortage in Brazil and shrewd investors might turn this to their advantage. By investing in residential projects foreign investors will not only have a huge market of locals ready to buy into their developments, but they will be providing housing to millions of people who would love to have their own place, but cannot due to a lack of Brazil real estate initiatives.Brazil is a hot and sizzling country
where Portuguese influences permeate a population pulsating with rhythm, joy and a zest for life. With the government initiatives towards boosting tourism and curbing crime, the Brasil property market is certain to have a bright future. Savvy investors will already start looking to invest in this vital and vibrant market before the real estate prices shoot up. Commercial contractors will also do well to consider developing holiday resorts and other vacation homes for the tourist boom that is just around the corner.Airlines opening up Brazil's property market
From July 1st, passengers on Delta's services will be able to enjoy more convenient connections from Sao Paulo and Rio de Janeiro to 58 other destinations in the country a move which may benefit investors of Brazilian property.Christophe Didier, vice president of sales for Latin America and the Caribbean at Delta, said: "This agreement effectively expands Delta's destinations by making it easier for Delta passengers to enjoy travel to GOL's area of service."
Commenting on the Brazilian property market recently, Hetal Shah, director of Investors Provident, recently said that Brazil was one of a number of emerging markets than were "coming into the limelight".
According to Mr Shah, properties in Brazil are relatively inexpensive and so many investors are looking to this market as an alternative to Europe.
Brazil property
Being the fifth largest country in the world, Brazil has enormous potential for tourism. Until recently this was largely untapped, but when the new government took office, it immediately created a Ministry of Tourism for the first time; tourism is now firmly on the agenda. Since this time, hundreds of millions of dollars have been invested in the country and with the target to increase tourism over the next few years, where better for an overseas property investment and holiday retreat than Brazil.Brazil is currently classed as an emerging market with some analysts anticipating the Brazil property market to hit an upward trend in the near future. As it stands currently, the price of Brazil properties is relatively low. There is presently a housing shortage in the country and shrewd investors might turn this to their advantage. By investing in residential projects, foreign investors will not only have a huge market of locals ready to buy into their developments, but they will be providing housing to millions of people who would love to have their own place, but cannot due to a lack of Brazil property development initiatives.
Economic figures released by the Brazilian government show that overall GDP growth for the whole of 2008 remained remarkably strong at 5.1%. Most of the impressive annual gains came during first three quarters of the year as Brazil experienced an unprecedented economic boom. Since the election of socialist President, Lula da Silva in 2003, Brazil has become one of the world's most impressive economic success stories. Lula implemented tough fiscal policies during his first term and successfully managed to reduce inflation and foreign debt to stabilise the Brazilian economy. The country had the added bonus of a commodity boom between 2004 and 2008, securing its place as an influential emerging economy. All of which means that Lula's fiscal good sense since his election is now paying dividends for Latin America's largest economy. The government has succeeded in keeping the budget deficit low and the country has the advantage of being commodity rich. The recent discovery of huge oil fields off the coast of Rio de Janeiro means that Brazil will become totally self-sufficient in oil over the next few years, rather than heavily dependent on foreign imports. The government is forging ahead with the development and exploration of the oil fields and China, one of Brazil's major trading partners, has promised US$10 million to develop the fields. Brazil's economic success means that its population is becoming increasingly prosperous. The new middle class now represents almost 50% of the population and consumer spending is at record levels. According to recent government estimates there is a severe housing shortage - some 27 million properties are needed - and this combined with increasing wealth and the recent availability of mortgages means that property investment in Brazil has huge potential. Brazil's strong economic position is holding it in good stead in the face of global downturn. Despite a fall in the country's fourth quarter growth for 2008, the Brazilian real rose against the US dollar recently as experts predict that the central bank will cut the benchmark lending rate between 1% and 2%. Economic analysts predict 2009 GDP growth of 1.2% for Brazil which compares favourably with OECD growth predictions for many other areas, such as the US (-0.9%), Japan (-0.1%) and the euro zone (-0.5%). President Lula da Silva was in an optimistic mood recently and said that Brazil will be one of the few larger and emerging nations in the world which will not have a recession in the same way that many of the rich nations are. James Gonzalez, Market Analyst at Obelisk Investment Property, says that the economic gains Brazil has achieved since 2003 means that it's in better economic shape than most countries.
06 February 2009 When it comes to unemployment, 2009 could not have got off to a worse start in many countries. Figures released in January for Spain showed 3.3 million jobless, the worst figure ever and the EU's dire prediction that unemployment could reach 4 million by the year's end suddenly looks very real. In the UK, jobless figures are on the rise and 3 million looks highly possible for the end of the year. But in Brazil, unemployment figures have never looked better. Recently released government statistics show that in the 5-year period from 2003 to 2008, unemployment fell by a massive 29.4%. In terms of cities, Belo Horizonte, situated just north of Rio de Janeiro and Brazil's 3rd largest city, registered the largest drop with 24.8%. São Paolo, Brazil's financial hub and one of the richest cities in South America, saw a 19.4% fall in its jobless rate. The growth in employment continued during 2008 when Brazil experienced its lowest unemployment rate since official statistics began. And the year's 7.9% rate is expected to fall still further during 2009 - a far cry from the escalating unemployment currently being seen in the US and most EU countries. Increased purchasing power often goes hand in hand with improved employment rates and Brazil's statistics offer good news here too. Since 2003, the average Brazilian annual income has grown by 11.3%, although the urban centres of Belo Horizonte, Rio de Janeiro and Salvador all registered 15% or more. Higher purchasing power translates into a wealthier society and since 2003, the number of poor in Brazil has halved. Furthermore, for the first time ever, the middle class now represents the majority with 52% of Brazilians now enjoying middle class status. "In the current economic climate, these statistics from Brazil are excellent," comments James González, Market Analyst at Obelisk Investment Property. "They also show that Brazil represents great promise for the immediate future at a time when many established economies are set for some very hard times." As James points out, higher employment and better wages are particularly promising signs for the property investor dependent on an exit strategy. "Not only is there an acute housing shortage in Brazil," says James, "but increased purchasing power means more Brazilians will enter the property market."
11 December 2008 Property guru and billionaire, Sam Zell, continues to vouch for Brazil as one of the world's hottest investment spots. Speaking at the Real Estate in Emerging Markets Forum held in New York last week, Zell even went as far as to state that "if you look at all the facts, I don't think there is a better environment in all the world than Brazil." Zell, chairman of Equity International which has major investment interests in Brazil, has long been an advocate of Latin America's largest country, claiming earlier this year that if he could, he'd "buy Brazil". And looking at Brazil's recent economic record, it is not difficult to see why. Figures for Q3 GDP growth released on 9th December show that Brazil grew by an impressive 6.3%. This is even higher than Q1 and Q2 this year when growth registered 5.8% and 6% respectively. What makes these figures particularly remarkable is that they arrive at a time when many countries have seen yet further doom and gloom on the GDP growth front. At a time when the global economic slowdown has left few countries untouched, Brazil is one of the few nations to be setting the standards for economic growth. The good news for Brazil is that this trend looks set to continue. Not only is Brazil a major world provider of commodities such as iron ore and soya, but the recent discovery and development of Brazilian oil fields will eventually allow the country to become self-sufficient in oil as well as provide huge wealth. Many have dubbed Brazil's President, "Sheikh Lula", a title backed by the recent Chinese decision to lend the state-owned energy company, Petrobas, US$10 million to develop the massive oil fields off the coast of Rio de Janiero. In the midst of the economic slowdown - and no visible sign of this changing significantly during 2009 - Brazil represents a refreshing change and offers exceptional investment opportunities. Property investors would do well to follow in Zell's footsteps and "buy Brazil".
