Beat the blues, invest in Brazil

For those who were thinking of investing in UK property in the new year, the recent reports of a slowing housing market coupled with the mortgage market clamp down, investing in UK property doesn’t promise the security it did a few months ago.

The solution? Look for a property market not heavily reliant on mortgages. Look for a housing market driven by strong local demand and not just international interest. Brazil is one such market untouched by the property blues.

Christmas is over, the new year is well and truly upon us and the UK housing market is looking gloomy. For those who were thinking of investing in UK property in the new year, the recent reports of a slowing housing market coupled with the mortgage market clamp down, investing in UK property doesn’t promise the security it did a few months ago. The solution? Look for a property market not heavily reliant on mortgages. Look for a housing market driven by strong local demand and not just international interest. Brazil is one such market untouched by the property blues.

Brazil is a rising power in the global economy. The pound sterling is strong against the local currency, the Real, and huge investment is pouring into the country in an effort to secure and inflate tourism to the area. 90% of the rental market in Brazil is sourced from the domestic market, ensuring strong and consistent demand. One area experiencing huge growth in tourism and financial investment is the delightful city of Maceio along the north eastern coast. With its own state of the art airport recently opened to the public and recognised as one of the safest cities in Brazil, Maceio is a firm favourite with the domestic tourism market and residential markets, as well as the international rental markets.

The city glimmers in the endless days of sunshine. Vibrant and beautiful, Maceio languishes along a 200km beach of fine white sand. In fact, it’s surprising that Brazil hasn’t been ‘discovered’ by property investors before now. For the property investor, the country offers exceptional opportunities. Property in Maceio, just 300m from the beach and being built of an exceptional quality, start at just £26,000. So while the UK market flounders in uncertainty, investors should be looking elsewhere for new opportunities.

Robin Barrasford, Managing Director of Barrasford and Bird Worldwide comments, “There’s no escaping the uncertainty we’re experiencing in the UK, however those looking to buy property shouldn’t be put off by the climate in the UK. There are a number of excellent worldwide property markets experiencing growth. Brazil offers the same weather as the Caribbean, a safe and secure purchasing procedure and a reliable rental market. Everything the property investor needs to see ample return on their investment.”

Property at the Edificio Leiria resort in Maceio starts at £26,000 for a one bedroom 6th floor apartment. The building benefits from an innovative top floor pool, with space for lounging and relaxing, soaking up the Brazilian sunshine. Facilities nearby include the vast sandy beach, banks, restaurants and bars. Completion is due December 2008.

For further information, visit bandbw.co.uk.