Brazil attracts young UK investors

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by Gill Montia

The UK is home to a growing number of young overseas property investors who are interested in exotic destinations.

For this adventurous group, South America has long been a favourite travel destination, but some are now making the trip to purchase property and Brazil is emerging as a leading destination of interest.

The country’s most fashionable towns such as Pipa, near Natal, appeal to the younger investor in terms of price, nightlife and sporting activities, all of which are accompanied by year-round sunshine and a low cost of living.

Samantha Gore, head of sales and marketing for UV10, the Brazilian property expert says: “We have first-hand proof Brazil is definitely attracting younger buyers and, in fact, among hip twenty and thirty-somethings, emerging property markets such as Brazil, which offer very high yields, are fast becoming the ‘pensions’ of the 21st century.”

The country is vast and there are only a selection of areas that present good opportunities for investors.

The appeal of Rio, with its exciting culture and flamboyant carnivals, remains a draw to many, although prices in the city have recently dipped.

The Sao Paulo property market is beginning to boom (a number of Brazilian and international companies have relocated to the city), and towns such as Bahia, on the on the North East coast, undoubtedly have their attractions.

The region, which has some beautiful beaches and a tropical climate, is being developed for tourism but prices remain attractive and there are plenty of opportunities for a traditional holiday let investment.