Brazil’s housing market remains positive, latest Knight Frank Index confirms
The latest Knight Frank Global House Price Index has confirmed that Brazil’s house prices rose by 0.9% in the year to Q4 2015. The market has defied the country’s economic jitters and remained a positive place for investors from overseas as well as domestic buyers, according to award-winning property developer Ritz-G5. Chief financial officer Paul Telfer comments,
“Latin America as a whole has performed very well over the past year, according to the most recent Knight Frank housing data, showing growth of 4.6% across the region. While Brazil’s growth hasn’t been at that level, it is certainly pleasing to see that the housing market’s growth has remained positive during 2015.
“The growth is fuelled by both domestic purchasers and buyers from overseas looking to take advantage of the excellent exchange rate that the real currently offers and which makes buying property in Brazil particularly appealing right now.”
According to Mr Telfer, it is high end properties that are capturing the interest of foreign investors, who are drawn to luxurious real estate that comes packed with appealing features.
Piramide Natal is a prime example. The elegant hotel complex is nestled close to the natural beauty of Parque Das Dunas, in one of Natal’s most stunning beachside locations. The hotel has been developed to provide maximum enjoyment of the local landscape, offering fantastic views from its rooftop terrace and providing plenty of space to relax in the Brazilian sunshine thanks to its five swimming pools, one of which includes a swim-up bar. There’s also a fitness centre, steam room and spa tub for guests seeking ultimate rejuvenation.
The latest housing market data adds to other indicators which point to the potential for Brazil’s economic recovery to get underway this year. Economists are expecting inflation to slow to 6.1% during 2016, comfortably below the central bank’s target of 6.5%. In addition, the real has begun to strengthen against the dollar over the past two months.
The situation makes now a tempting time to invest in Brazilian real estate for those buying from overseas, before the real makes further gains and thus pushes up the cost of property. As Brazil moves closer to tipping into economic recovery, investors will no doubt be watching the Latin American powerhouse very closely indeed.
For further details, contact the Ritz-G5 team on +44 207 183 7565 or visit www.ritz-g5.com.