Now is the time to buy land plots in brazil, say experts
Overseas investment in Brazil has hit an all-time high and, as the fifth largest country in the world, prime land plots are the perfect investment for any portfolio, advises leading North West property firm Knight Knox International.
As excitement mounts in the build-up towards the 2014 World Cup and the 2016 Olympic Games, the Brazilian government is predicting that the economy will grow at an annualised rate of 4% or above for 2013, a figure which has no doubt been assisted by the amount of Foreign Direct Investment (FDI) pouring into the country over the past 12 months.
A recent report by Ernst & Young Terco estimates that FDI into Brazilian real estate can be counted at between R$5bn and R$10bn in 2012 so far, perhaps fuelled by the much publicised Accelerated Growth Program (Programa de Aceleração de Crescimento, PAC) which was implemented to improve the country's infrastructure in preparation for both sporting events. With an estimated R$800bn allocated to the programme, which includes repairing and upgrading the roads and the construction of a high speed train linking Sao Paulo and Rio de Janeiro, savvy investors are seeking out prime plots of land and real estate now, while prices are still affordable and the possibility of capital appreciation is high.
Specialists at selling property in Brazil for many years now, global property firm Knight Knox International has recognised the increased investment potential in the country and has just launched three new land plot sites, which offer terrific value to investors.
"Land plots in Brazil are the perfect example of an investment opportunity that has a great potential for capital appreciation", comments Mike Sefton, Property Consultant at Knight Knox International.
"Great locations, amazing price points and more importantly - planning permission, are all important factors when purchasing land, which is why we have only sourced projects that we are confident will deliver strong returns for our clients".