Brazil property boost thanks to World Cup 2014
February 19, 2009 by Mark Pollak
Brazil’s international reputation tends to be centred on samba skills on the football pitch and hedonistic carnivals in Rio, but recently its property investment market has also been catching more attention than ever.
Homes in Brazil have been popular with foreign property investment buyers for quite some time but the pace of development is on the up thanks again in part to the national game. The country lives and breathes it and is looking forward to hosting the World Cup in 2014
In turn this has led to greater investment in transport links and infrastructure and a boom in the already healthy beach front homes scene – if one property investment value is going to hold, it’s in strolling along white sand next to the Atlantic before heading back to your nearby apartment for a pina colada.
One particularly interesting region surrounds the city of Natal, already famous for its beaches and now experiencing millions of dollars of investment from both foreigners and the government. Capital of the state, Rio Grande do Norte, it is on the shortlist to host matches at the 2014 event and is also getting a brand new airport which will be one of the largest in the world.
Beach front homes for $69,500
For the moment at least, you don’t have to break the bank to invest here either. GEM Estates has beach front homes from $69,500 and apartment prices start from $110,000 at Ponta Brasil Beach resort via Beach Property Investment.
Beckham to boost property investment appeal?
A familiar face has also already landed in Natal as well – none other than footballer David Beckham, who has unveiled a soccer centre there. So by the time the 2014 tournament finally comes around, will those beach apartment homes still be selling at $69,500? Not likely.
I am an American expatriate living and working in Panama. Your pricing looks a lot better that what folks are paying either coast of Panama. Although prices are better than the USA they have gone up with the rush of American retirees gaining residency here.
I am curious about residency laws in Brazil.
An interesting article but it should be remembered that there are many pitfalls to investing in a country like Brazil - particularly when entering as a foreigner (or ‘gringo’). Yet at the same time many opportunities exist when risk is managed the right way.