Hi Yeboc,Hi all,
I've also dipped into the Brazil market - I'm confident that it's a sound med/long term inveestment though there are potential pitfalls as already stated in this thread. I've reserved a 2-bed in Fortaleza, some land (with p permission) near Salvador and I'm about to move ahead with elegance grand natal golf.
I'm putting a lot of faith in this market - I'm not incredibly wealthy by any stretch so I need it to work. I've also specualted in the Malaysian market with a unit on the golden palm and Banyan Curve. More established, I've got a couple of 2 bed in Paphos that have done very nicely in the last 3/4 years.
I have been looking at Egypt as well, looks very very cheap so need to do hellavu lot more DD but at that price (with decent payment terms) its not a massive gamble.
My money is stretched so one of the above may have to give - if you had to choose Banyan Curve (at pre launch) or elegance GNG (at current prices) what would you go for??
I heard this week that 2 PGA golf courses have passed planning approval to be built north and south of Prair Do Forte so i think your land (salvador) is a very good investment, Shame its not in property as Salvador area has a solid existing tourism base and is increasing every year, people should get around 15% - 20% ROI in Rentals, if not, you've paid over the odds,