Country: Brazil
5 October 2009
Brazil property prices are expected to escalate over the next few years after Rio de Janeiro was selected as the host city of the 2016 Olympic Games - the first time ever that the Games have been given to a South American nation – last Friday.
The announcement was made at the International Olympic Committee meeting in Copenhagen, Denmark, that Rio had successfully beaten off competition from three other cities - Chicago, Tokyo, and Madrid.
The Brazil real estate sector and rapidly expanding economy are expected to be the real winner of the decision to award Rio the rights to host the tournament.
Brazil has already been selected to host the 2014 FIFA Football World Cup, the largest sporting event in the world. But with the 2016 Olympic Games to add, the world’s media spotlight will be firmly focuses on the South American country in the coming years.
Shrewd property investors will also have one eye firmly on cashing in on the sport’s popularity by purchasing property in Brazil. Demand for homes to both rent and buy is expected to soar in the run-up and during the tournaments themselves, and in turn drive Brazil property prices upwards.
President Lula commented: “Brazil is a country confident in its future, which is in a magical moment of growth, economic improvements and we have a population completely passionate about sports.”
Rio plans to spend around £9bn on hosting the Games, with around £7.3m earmarked for construction and infrastructural improvements. The city will use 34 venues, including 18 existing facilities, many of which are already being renovated for the 2014 FIFA Football World Cup.
See Also: Brazil, Marc Da-Silva, Olympic Games
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 (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.
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
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Price: £6,995
The Opportunity
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
A great opportunity to make a quick profit of £5k this year. The developer of these land plots has now got full planning consent three months sooner than expected, and aimed to put up these land plots to £15,000 in June.
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: €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.
