Property expert suggests people 'can win' investing in North-East Brazil

Date added: 24th April, 2008 at 09:10
(view all articles from April, 2008)

Categories: Apartments

It is important that people considering investing in property in emerging markets, such as in Brazil, take a long-term view, an international property expert has said.

Rhiannon Davies, director of international property advisors Amberlamb, explained that it was vital the property investors considered long-term factors when thinking about buying in North-East Brazil or other emerging markets.

He added: "Those who are prepared to take a gamble can win!

"However, an investor has to look to the longer term to ensure there is sustainability in a market in terms of growth, demand and affordability. They should not just buy in because the price is right."

Mr Davies pointed out that there were several different ways people could generate income from investments in North-East Brazil.

He explained that they can "buy off plan and flip the property back for sale on the open market before even closing on it" in markets where there is a short-term demand for real estate.

Alternatively, Mr Davies said that "it can make sense to invest in property in an emerging market where you can pretty much predict and foresee long-term rental demand".

Recently, the US ambassador to Brazil told the Associated Press that he believed the country's economy would continue to grow in the long-term.

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