My experience in Brazil is that all you have to do is turn up there with blue eyes and blond hair and prices go through the roof, whether it's a can of coke or a 1000 hectares of land. You only have to get out of your rent a car and say "I want to buy land" and you are swamped with people just like a UN Aid truck that just turned up with a load of grain in the middle of Africa. Every Tom, Dick or Harry or is it Tomas, Ricardo and I don't know the Portuguese for Harry, wants to sell you something, they all think you are rich and they just quadrupled their price.
There is a huge difference between the real market price that it is actually sold at and what people say it is worth. There is also a great deal of "hearsay" which is not fact but speculation. There is also a secondary market which is for locals and make no mistake their prices are lower than ours and even buying at their prices they inflate when trying to sell to foreigners. There appears to be "no rhyme nor reason" to prices being asked or quoted and that is why I am entirely cycnical about comments that say "we have heard" or "it is reported that" prices have increased etc etc. The market is all over the place there and the more you look into it the more confused you get. My take on this is very little quoted is real and most, due to the nature of themarket, is supposition. Yes if you bought 3 years or more ago, there has been a rise, but I don't believe that today having already experienced a mini boom and with the current strength of the Reis that these alleged increases can be justified. Those who are in today or have already purchased and are in for the long term i.e 10 years + may likely see considerable growth as Europe in particular has now been fuxxxx by similar claims, speculation and over hype so they have to go somewhere as you guys telling me that my fortune is only just round the corner in NE Brazil are not going to go away. But, if it was easy, they'd all be doing it and they are not. If they were, then you might get your alleged boom.