Some people tell me they would like to buy something in Brazil and enjoy this growing country while ensuring a home or property to rent in the future. I think this is quite right and I always tell these people that NOW is the best time to buy property in Brazil. It turns out that many of these people, do not quite know where to buy or what to buy.
What to buy, it really should be a decision made by each person Also it depends on how much money is available for the investment. If you have enough to buy a good pousada(inn) or hotel in a well known tourist place, go for it!. Maybe this is the best option for immediate returns. Now, if you prefer a house, ask yourself two things: do you want a house to visit and vacation, or for renting and generating income. If for rent, you need this house to be in a good place and/or city. There must be a good tourist flow, and moreover, the very location of the house in this place must be verified. I know friends who bought homes in condominiums in Pipa Beach – RN, which is a great tourist destination all year, but can not rent because the house is far from the center. They can not rent for living either, because the costs are higher than the price someone would pay to live in it.
About the item where to buy houses or apartments, I know some good places, ‘and I’ll talk about it now:
Rio de Janeiro: great city, beautiful and lots of tourists. If you seek investment or even a place to live, buy in Rio, and i mean that! If you have the money go and do it now, if not wait until after the World Cup and the Olympics. I’m curious as to what will happen there. Some people bought in slums which now have the presence of the police, but I wonder what will happen after the police leaves? Knowing Brazil the way I know I do, i don’t think the police will continue there after these events.
If you’re looking to buy in any big city, and in the range of R$ 300,000(about 160.000 USD), read this article about property in this price range in the main capitals of Brazil.
What about capital cities in the north of Brazil: I do not see the capitals of the north as a good investment for second homes, since there is no strong tourism. These are cities with little or no direct flights from other countries, and unfortunately they are not as developed cities. These cities can be a good investment as prices are compatible with what the city offers. Maybe to buy an apartment in the central area, renting it out and sitting on it for about 10 years is a good option in these cities.
If you’re looking for some good cities, and not capital cities, see some of these articles and evaluate whether these cities offer something for you:
- Macae, São João da Barra, two cities ‘victims’ of oil exploration and projects developed in this region of northern Rio de Janeiro. You know what this means, lots of money going around!
- Tres Lagoas, MS: Mato Grosso do Sul, a state in the rural interior of Brazil … rural characteristics, ideal for those also act in the agribusiness sector.
- Ponta Grossa, PR: If you searching a city in southern Brazil, try Ponta Grossa in the Parana state.
- Tres Rios, RJ: A small town in the interior of Rio, transformed, attracting many industries to cut taxes (the Brazilian government does not see that’s all that remains pro country take off?)
Soon, other cities in Brazil ripe for investment. Stay tuned!
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