Brazil may be a good bet for international mortgage applicants

Fri, 03 Feb 2012
Those looking to use international mortgages in order to secure property overseas may find Brazil is a safe bet in 2012.

Paul Collins, editor at the BuyAssociation, explained the housing market in the South American nation is in good shape as the new year gets underway.

The industry figure noted this positive trend is due to the country being able to weather the global downturn, adding Brazil's economy recently grew larger than that of the UK.

He observed it is now the sixth-biggest in the world, while the population's minimum wage has grown by more than ten per cent.

"As many projects started in recent years are now coming towards completion there is the opportunity to buy property which is much nearer to being ready to occupy," the expert went on to point out.

This means investors have the opportunity to make a return on their outlay much more quickly.

Tim Morgan, partner at Emerging Real Estate, recently suggested a rise in tourist numbers to Brazil could see more people looking to invest in property throughout the South American nation.
 
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