A
Azure
New Member
I've been looking at the opportunities in Brazil for the past few months and all I can see are land plots/holiday homes on resorts and what seem to me to be apartments in cities where resales and rentals could be difficult. E.g. Natal and the North East.
Why can't I find property in the big cities that are drivers of the Brazilian economy? Sao Paulo, Rio, Brazilia etc. These are places where there is massive local demand for property resales and rentals.
Am I right in concluding that this contrast is because local developers in low key cities and holiday resorts like Natal and the NE coast find it difficult to offload property to locals therefore they offer it to the overseas market with inflated prices that often have rental guarantees built into the price?
And that foreign agents can't get into the market in big cities simply because property in such locations sell easily to locals therefore local developers don't need to bother engaging foreign agents and pay their hefty commissions?
Does anybody have any suggestions on how I can find opportunities e.g. off plan apartment in the big Brazilian cities? Are there any foreign agents that have that specialism?
Why can't I find property in the big cities that are drivers of the Brazilian economy? Sao Paulo, Rio, Brazilia etc. These are places where there is massive local demand for property resales and rentals.
Am I right in concluding that this contrast is because local developers in low key cities and holiday resorts like Natal and the NE coast find it difficult to offload property to locals therefore they offer it to the overseas market with inflated prices that often have rental guarantees built into the price?
And that foreign agents can't get into the market in big cities simply because property in such locations sell easily to locals therefore local developers don't need to bother engaging foreign agents and pay their hefty commissions?
Does anybody have any suggestions on how I can find opportunities e.g. off plan apartment in the big Brazilian cities? Are there any foreign agents that have that specialism?