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Brazil 'on the increase'
Date: 10 september 2007
More investors are looking to buy property in Brazil, encouraged by the areas exclusivity and the fact that it is still relatively unknown to the wider investment market, it has been advised.
Knight Frank has said that the higher profits provided by such emerging markets in the short-term were coupled with a sense of exclusivity engendered by the country having a lower number of developments than areas such as Spain or Dubai.
As much as 20 per cent could potentially be saved by investing early, the firm added.
"The advantage of buying off plan is that in rising markets, if you buy now, rather than waiting ten months for capital growth, you could save yourself.5, 10, 20 per cent," a spokesperson for Knight Frank outlined.
"The disadvantage is that you don't actually see exactly what you are buying, but most good developers have show homes, offering a pretty good flavour of what you will be getting," he added.
Source: Knight Frank
Date : 10 September 2007
