Brazilian property buyers 'should research well to avoid risk'
Date added: 12th April, 2011 at 10:53
(view all articles from April, 2011)
Categories: Property News
People taking on Brazilian property should ensure they do plenty of research before they make their investment.
This is the opinion of Paul Collins, editor at BuyAssociation, who said purchasing overseas real estate is not a risk-free activity.
However, there are ways to reduce the chance that property buyers will lose money, he stated.
The expert recommended investors undertake "good research and careful research" while deciding where to plough their cash.
Some of the risks they take include the possibility that the value of their assets will decline and the likelihood of political and social unrest.
"Most of these things are signalled in advance," he noted. "A lot of these things can at least be prepared for and mitigated in advance."
Mr Collins noted that top-end real estate in the UK is being hit by increased stamp duty at the moment, which is another risk investors should look out for.
His comments follow those of Maria Johnston, director at Retirement Today, who also recently advocated preparation before moving overseas.
People should be realistic with their expectations of life abroad and be ready to overcome any barriers that they may face, she said.
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