Country: Brazil
26 January 2009
The central bank in Brazil has potentially lowered the cost of borrowing money to buy property in Brazil by cutting its benchmark interest rates by 1% to 12.75%, its first rate cut in 16 months.
The bank’s move is seen as an attempt to protect the country’s economy, which has weakened in recent months, from the global financial crisis.
The cut in interest rate could also see Brazil’s currency, the real, which has already tumbled more than one-third from its nine-year high in May 2008, weaken against sterling, reducing the cost of buying a home in Brazil, for Brits'.
With the interest rate cut - a moved allowed by falling inflation - the central bank hopes the £1.4 trillion economy can keep pace with President Lula’s 2% economic growth target for 2009, a small figure compared to the 6.8% expansion registered by the Brazilian economy Q3 2008, Bloomberg reported. Inflation cooled to 5.9% in December, falling within the bank’s target of 2.5% to 6.5%.
“We have a good macroeconomic situation to cut interest rates,” Alexandre Lintz, chief economist at Banco BNP Paribas Brasil SA, told Bloomberg.
Price: £2,500
Type: Land
Vista de Serra is located 15 km South of Joao Passoa in the state of Paraiba. The building plots are part of an approved residential/commercial tourism plan close to some of the best beaches in Brazil, such as Carapibus and Coquerinho.220
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Price: £4,500
Quality & location is key to making a good investment concerning land in Brazil.
Price: £5,999
Vista Mar is set amongst the gentle hills overlooking the warm Atlantic ocean, 15km South of Joao Pessoa in the state of Paraiba in North East Brazil, located in the area of Carapibus. Just 36 plots of land make Vista Mar.220
Price: £6,000
Fortim is an exclusive beach with an established stretch of multi-million dollar homes already based on the riverbanksjust minutes away from this development. Not all beachfront lots are created equa
Price: £6,004
Quality & location (but not beachfront) is key to making a good investment concerning land in Brazil. Aqua Park Meadows development is located within 1.5miles from Porto Das Dunas Beach on Brazil's North Eastern coast.
Price: £9,000
Type: Villa
Bedrooms: 2
This is a genuine investment opportunity to purchase a fully unencumbered freehold 200 m2 plot of land in one of the most up and coming and currently booming areas in the world - located just 12 miles from the vibrant and expanding city of Natal on
Price: £9,200
Once in a Lifetime Opportunity' to invest the world's largest ecological tourist destination.
Price: £9,950
Low Entry Undervalued Tangible Investment (from £9,950) 200 sq.m. Plot of Land with Planning Permission in Place Freehold Land Title Transferred on Contract Purchase Fully Administered by UK Based Trust Company Unbroken Sea and Beach Views
GENIPABU - BRAZIL LAND INVESTMENT OPPORTUNITY . Low Entry Undervalued Tangible Investment (from �9,950) . 200 m2 Plot of Land with Planning Permission in Place . Freehold Land Title Transferred on Contract 220
Price: £10,000
Large selection of building plots and development land in the following areas.Cumbuco.Aquiraz.Taiba
Prices from: €175,000
Bedrooms: 3 Bathrooms: 3
11 exclusive beachfront villas: private pool & garden, balcony, garage. Endless beaches, crystalline water.
Prices from: €75,000
Bedrooms: 4
Touros Village Beach Resort: 1.5km from Touros center. Low density beachfront project. Over 20 golf courses planned.
Prices from: €76,900
Bedrooms: 2 & 3 Bathrooms: 2
Cumbuco Beach Resort: Pools, bars, tennis, restaurants, spa/fitness centre, nursery, medical & shopping centres.
