G
Gee69
New Member
Hi fresh,
Thanks for your reply mate...
It's true that we have to pay attention to the prospects of the exact location we are investing.
As you say I have always had the suspicion that in most of the properties advertised world-wide, which the overseas investors buy are meant to attract foreigners, and they do that job (of attracting exited investors)
quite well.
And the prices as well as projected prospects for these will always be at a premium to the actual local scene; that's because of the high inflow of foreign funds.
Ofcourse they may appreciate in value - but I guess that the reason could be that more foreigners are getting wooed rather than any real develpment or change in the local sense.
To answer your questions, I am looking only in an investment angle, I might not stay there myself.
Rental or capital appreciation prospects ? I am not particular about either one of this, as long as the return is decent enough to justify investment at such a location. But I do think rental prospects in developed nations would be more secure an investment compared to investing in a off-plan at an uninhabited area.
Gee
Thanks for your reply mate...
It's true that we have to pay attention to the prospects of the exact location we are investing.
As you say I have always had the suspicion that in most of the properties advertised world-wide, which the overseas investors buy are meant to attract foreigners, and they do that job (of attracting exited investors)
quite well.
And the prices as well as projected prospects for these will always be at a premium to the actual local scene; that's because of the high inflow of foreign funds.
Ofcourse they may appreciate in value - but I guess that the reason could be that more foreigners are getting wooed rather than any real develpment or change in the local sense.
To answer your questions, I am looking only in an investment angle, I might not stay there myself.
Rental or capital appreciation prospects ? I am not particular about either one of this, as long as the return is decent enough to justify investment at such a location. But I do think rental prospects in developed nations would be more secure an investment compared to investing in a off-plan at an uninhabited area.
Gee
Hi Gee
Brazil is a HUGE place. It would be like saying I want to invest in UK. There are many many different areas in Brazil - cities and coastal resorts.
Most of the population of Brazil, and the wealth and infrastructure are in the southern states. And the north of Brazil is very poor. Brazilians in the south prefer to holiday in the south as well. So you need to think about how long you want to hold the investment and who will buy it from you when you need to sell it.
You need to know your reasons for investing, and what you want from the investment. Is it pure investment? - do you want a rental yield? Or are you happy for just capital appreciation? Would you want to stay in the property yourself? And of course, what your budget is.
Also, if you can, if you have the time, you really should see something before you buy it. If you cannot, and you must buy "site-unseen", make sure you do as much research as you can into the development and into the area. Ask the agent the downsides or risks in the property, as there are always risks.
Like Belmonte, which is quite remote and difficult to access, and it would be interesting to know if any Brazilians are actually buying here, or just foreigners.
Good luck