Property in Brazil is keen interest among foreign investors





01.12.2010 20:18
Real Estate Market Analysis | Property in Brazil is keen interest among foreign investors Experts suggest that it is connected with the future increase in property prices in the country.

Consulting company Colordarcy, based in London and deals with the acquisition of real estate abroad, weekly, gets up to 300 inquiries about buying property in Brazil.

According to Locksley McKenzie, financial manager of the company, approximately 70% of potential customers have to refuse because of funding problems.

"However, provided that the necessary funds, we recommend investors to press ahead with the purchase, because in the foreseeable future is expected at least a 20% increase in prices associated with the new wave of mortgage programs", - adds McKenzie.

The popularity of the Brazilian real estate is mainly connected with the fact that developers have embarked on several projects, affordable, and accessible to Western markets, reports Property Wire.

McKenzie emphasizes that the Brazilian real estate market there is an acute shortage of suggestions: millions of households plan to buy housing, while willing to sell it is not so much. The deficit is felt particularly acutely in relation to the poor quality of buildings in an affordable price point.
www.zagorodna.com

Content tags: Overseas property
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