Buy to let Brazilian property 'must be easily accessible'
Date added: 22nd March, 2011 at 10:04
(view all articles from March, 2011)
Categories: Property News
People buying Brazilian property in order to rent it out to holiday makers need to think about how easy it will be for potential customers to reach their destination.
This is the opinion of Jonnie Irwin, presenter of Channel 4's A Place in the Sun: Home or Away?, who advised real estate investors not to purchase in areas that have only one flight plan.
If there is only one airline operating flights to an area, then any investments in Brazilian property in that region could be negatively affected by changes in that company's timetable.
"We've all seen people like easyJet pull out of a certain destination," Mr Irwin said. "When that carrier stops taking people to that destination, your rental potential stops, and your accessibility to that destination for yourself stops."
He advised investors to put themselves in the shoes of the people they are renting to, asking themselves what kind of budget their customers are likely to have, what they want to do on holiday and how they are going to travel to the property.
The answers to these questions may guide those taking on Brazilian real estate to choose the right house in a profitable location.
People buying property in Brazil to live in themselves were recently advised by Stephen Jones of the Foreign & Commonwealth Office to be prepared for the worst case scenario so that they can handle any problems that arise.
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of Brazilian property.
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In fact, bridal gowns that are suited to travel abroad are now increasingly available in the UK, she said.
These dresses often use lighter fabrics, which may be useful for those tying the knot in the warm Latin American climate.
One of the reasons Brits are taking their wedding party overseas is because it can be cheaper than getting hitched at home, Ms Onslow stated.
She explained that the popularity of tying the knot abroad was particularly evident during the current economic climate.
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