Brazil unaffected by Europe's fiscal crisis
‘Newlyweds’ Cameron and Clegg have an almighty task on their hands trying to return the ‘Great’ to debt-ridden Britain whilst all around them the Eurozone appears on the brink of collapse. Contagion from Greece, Portugal, Spain, Ireland and Italy is spreading with fears these nations could affect recovery in others such as France and Germany. Brazil now offers the stability and growth that investors crave.
Samantha Gore, Sales Manager for uv10, explains, “Brazil’s economy is set for strong growth over the coming years. One of the first countries to emerge from the global financial crisis in 2009, its GDP is anticipated to grow 6.3% this year, with some banks predicting even higher at 7.5%. Much of this positivity is due to a burgeoning middle class which is fuelling everything from domestic retail sales to the property market where an estimated 28 million additional homes will be required by 2020 to counteract the current housing deficit. Brazil has achieved much in a relatively short space of time and the long-term prospects for overseas investors are both stable and exciting.”
Europe’s escalating fiscal crisis is expected to have little impact on Brazil. Whilst the Bank of England recently warned that Britain faces years of pain and “the full impact of the financial crisis has yet to be seen" - Brazil is sitting pretty. Replete with natural resources, foreign reserves and maintaining closely monitored, relatively low levels of credit, the nation has been well managed by incumbent president Lula da Silva gaining the admiration of commentators across the globe. The job creation, infrastructure improvements and worldwide publicity gained from hosting the 2014 FIFA World Cup and 2016 Olympics will strengthen Brazil even further.
Samantha finishes, “Some of our potential customers are waiting for the Pound to strengthen before taking the step to purchase overseas but they’re missing the point. The future for the UK and the Eurozone is uncertain at best. No one can yet predict how the austerity measures being discussed now will impact the British economy and the exchange rate may not improve over coming months as foreign investors remain wary of the currency. However, we can be sure of Brazil’s immediate future being bright, and property purchasers could miss out on excellent investment opportunities if they hesitate.”
uv10.com is able to offer pre-release units in Edificio Dr Geraldo Furtado at 20% below market value. Current prices starting from 143,000 Reais (approx. £54,000) include a 2.5% discount for early entry as well as an optional four year 6% rental guarantee.
Dr Geraldo Furtado counts 86 units arranged across 26 storeys with just four apartments per floor. Upwards of the ninth storey the incredible coastline will come into view – just 1,200 metres beyond. Designed with city workers in mind, the two and three bedroom properties are complemented by a convenient array of upmarket on-site facilities to include underground parking, a communal swimming pool and barbecue area, pool bar, sauna, games room, laundry, reception and 24 hour gated security.
In a privileged city hotspot, residents can combine the arts, fine dining and Mall shopping with lazy days on the local Praia do Meio beach. Natal’s main business district has swift access whilst Ponta Negra, the area’s famous 4km-long dune beach, is a short drive down the coastal road.
Prices start from 143,000 Reais (approx. £54,000) and payment terms are spread over 30 months until completion anticipated for January 2013. Upon completion, investors are advised to either sell for very high profit or hang on and enjoy lucrative rental income. Choose between a hassle-free four year 6% rental guarantee or use the developer’s rental management team and expect returns of 10% net each year. Selling or renting will bring even higher profits during FIFA World Cup year 2014 as Natal’s brand new 45,000 capacity Estadio das Dunas will be located within 5km of Dr Geraldo Furtado.
For more information, visit uv10.com.
