QUOTE(AustralianInvestor @ Mar 20 2007, 07:24 AM) [snapback]582715[/snapback]
Hi Dogbox,
Micro location? hmmm. Well, this location also seems like a Micro location because it is emerging and is becomming a very popular tourist destination as more flights from uk and us are created. Dont you think so?
Find it quite bizzare how this location displays all factors that shows positive growth, but no one is investing in this forum. in the following development, it is nearly all sold out within months.
http://www.brazilianhomes.com/Ive just reserved a plot of land in Natal.
I now await the legal issues to be ironed - out.
A poster above says 2% of the population has money which spells trouble. I disagree completely. Jamaica and other prime tourism islands had desperatly poor general population yet this hasnt stopped prime beach front property changing hands for millions.
I spent time in the Bahamas. On Exuma the population is poverty stricken yet prime plots again change hands for millions.
Furthermore Brazil is one of the BRICS economies and expected to become one of the most important economies on the planet so it is certain the general population will get richer.
Lets suppose you are right and assume the 2% rich will retain all the wealth. Thats still a lot of people wanting prime property. Add this together with the large influx of foreigners seeking a carribean dream without a caribbean price tag and hey presto you get a boom.
Take the example of ROATAN a group of islands off Honduras (one of poorest nations on earth - far poorer than Brazil) - here a real estate drive began about 8 years ago in this hitherto banana republic. Very quickly the prime beachfront plots were snapped - up and now changed hands for hundreds of thousands of dollars. 'A home in the sun' filmed here 3 years ago and even by then all the prime plots were extremely expensive.
Now Ive found a prime plot in Brazil for under £40000.....mmmmmm......................