Land plots released in Brazil for overseas property investors
|Monday, 03 December 2012|
Overseas investment in property in Brazil has hit an all time high and, as the fifth largest country in the world, prime land plots are increasingly regarded as a good investment for any portfolio, it is claimed.
In the build up to the 2014 FIFA 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.
There has also been an increased 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$5 billion and R$10 billion in 2012 so far, perhaps fuelled by the much publicised Accelerated Growth Program (Programa de Acelerao de Crescimento, PAC) which was implemented to improve the country's infrastructure in preparation for both sporting events.
Property firm Knight Knox International, which has been selling property in Brazil for many years, has recognised the increased investment potential in the country and has just launched three new land plot sites, which it believes offer terrific value to investors.
磑Land plots in Brazil are the perfect example of an investment opportunity that has a great potential for capital appreciation, said Mike Sefton, property consultant at Knight Knox International.
ґGreat 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, he added.
The plots include Rio Hills in Rio de Janeiro which are available 100% freehold with pre-launch prices starting at ң21,076. Construction licenses are in place on all lots and an experienced management company is in place should investors choose to build on the land. The firm describes is as an up and coming area with lake and mountain views just 45 minutes away from downtown Rio.
The Plantation plots are located in The Discovery Coast, Bahia, and come with planning permission for high standard villas. It is described as a tropical paradise and a favourite holiday/retirement destination for wealthy domestic Brazilians with prices starting at 30,000 for a 366 square meter plot.
There are also plots at Capongo Beach, some 35 minutes south of the city of Fortaleza. There is planning permission for 600 villa plots on approximately 80 acres of land with prices starting at ã12,000 for a 250 square meter piece of land. Roads, curbs and street lights are already in place.
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