Brazil
Brazil, known to many investors as an emerging economy, has as a country managed to thrust itself out of a huge funnel of overburdening debt and become a leading contender in the emerging markets economy. Brazil surprised world economic experts when it bounced back from being overburdened with debts to the International Monetary Fund (IMF) a decade ago to loan the IMF 10 billion USD in 2009 when the organization was struggling to meet many of its financial commitments to the Third World.
In the present climate, Brazil is still benefitting from sizeable international investments. The main reason is because, as one of Latin America largest countries, it has the reputation of having the lowest construction costs, property maintenance costs, and low-priced forestry and land development expenses.
The BRIC countries (Brazil, Russia, India and China) are enjoying a slow, steady and consistent growth in this decade. Many economic experts predict that Brazil will continue to progressively grow due the discovery of vast quantities of oil in 2009. This renewed vigour in the Brazilian economy is well supported by its strong infrastructure, giving rise to a resilient export trade economy earning the country some good points with many other countries outside of Latin America.
The consistent and interrelated impact of its mineral wealth, tourism and huge exports, have had a positive impact on appreciation of Brazilian property and undeveloped land markets, and the boom is expected to continue to increase as the emerging market’s infrastructure gathers strength. The Brazilian government’s inventive ‘Minha Casa, Minha Vida,’ (My Home, My Life) programme has seen a boom in housing and construction throughout Brazil, leading to positive augmentation within the undeveloped land sector.
The cost of living in Brazil is 30% lower than in the UK and some parts of Europe, and for many investors with capital to invest there are possibilities of many excellent returns provided you invest wisely.
Tourism and second home ownership in Fortaleza has increased by 400% over the past five years and this upward trend shows no signs of lessening as the new government looks to aggressively supporting foreign investment throughout Brazil.
The Brazilian government has invested 1.8 billion USD on infrastructure and improving the roads, rail and airports in preparation of the World Cup in 2014 and the Olympic Games in 2016. With the Olympic Games being played in Rio de Janeiro, smart investors are preparing early for the gigantic leap in land prices for when property developers move in to build on nearby land. The government has also planned to develop a new airport in the Natal region in North-East Brazil. Natal due to its proximity in Brazil (nearest point to North America and Europe) the government will build the Greater Natal International Airport (São Gonçalo do Amarante) that will link up with Fortaleza airport as well making much of North-East Brazil very accessible during the sporting events. Natal International, closest to Fortaleza will be the largest airport in Latin America when it is finished and the fourth largest in the world.
Other than the sporting events, Brazil has a superb coastline offering outstanding beachfront options. Fortaleza due to its proximity to the equator enjoys year-round sunshine, cooling sea breezes, unspoiled beaches, as well as an assorted ecology, wildlife and forestry.