Brazilian property investment 'to become easier'

15

Jan

2009

 HiFX News@ 12:00 AM

As more people invest in Brazilian property, the process of purchasing residences in the country will become simpler, according to a sector commentator.

Paul Collins, property editor for property website BuyAssociation, explains the processes - which may be funded by means such as international money transfers - involved in such transactions will become more streamlined.

He notes there was no ministry of tourism in Brazil until 2005 and since it was established, there has been a focus on attracting people to the country.

Additionally, Mr Collins explains the Brazilian government is taking steps to help the property building sector.

"They are also making it easier for developers to build, but they are not being stupid. They are not allowing people to build anywhere and build anything. It is quite controlled," he concludes.

BuyAssociation identifies Brazil's "diverse landscape", "rich culture", "idyllic climate" and affordability as some of its main draws.

The group also notes the cost of living in the country is 20 per cent of that in the UK.ADNFCR-1995-ID-18975813-ADNFCR

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