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
15km South of Joao Pessoa. Part of an approved residential/commercial tourism plan, close to some of the best beaches in Brazil. 27 land plots, outline planning permission for a detached house with pool. 50% cheaper than other plots in the area.
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Price: £3,000
Unique Land Opportunity in North East BrazilThe Sunset Beach Resort represents a truly unique early bird opportunity to acquire an interest in a substantial development land deal in an area of Brazil which is experiencing tremendous levels of growth.
Price: £4,500
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.
These plots have the best of both world with the stunning ocean view in front, the River Iguape flowing past and the view to the rear equally impressive. 1 kilometer from the beach. 5 Minutes from the new Golf complex.
Price: £4,847
Type: House
Situated on the side of a hill overlooking the bay and towards the oceanPossibility for investment for the future or to build 1 or 2 housesSOLD15m x 30m (approx 4750 sq ft)
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
8 lots left FOR SALE £6,000 buy 4 you get one free! = £4,500 2nd line only 100 meters from the water, this is well located plot just 1 mile from the new Fide $350m development at Fortim.
Price: £6,152
Residential For Sale - Land - BRL16500 - Island Of Itamaraca, Pernambuco.
Price: £9,200
Once in a Lifetime Opportunity' to invest the world's largest ecological tourist destination.
Price: £9,600
Type: Lot / Land
Palma do Mar is a development of nearly 500 villa plots with planning permission, located in the gentle hills of Carapibus and overlooking some of Brazil's most beautiful beaches.
Prices from: €175,000
Bedrooms: 3 Bathrooms: 3
11 exclusive beachfront villas: private pool & garden, balcony, garage. Endless beaches, crystalline water.
Prices from: €76,900
Bedrooms: 2 & 3 Bathrooms: 2
Cumbuco Beach Resort: Pools, bars, tennis, restaurants, spa/fitness centre, nursery, medical & shopping centres.
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: £85,850
Bedrooms: 3
Exclusive development of 300 villas. Prime location, minutes from the beach. 2-year rental guarantee at 7%.
