Brazil - Bahia

I

icecool

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I am travelling to Brazil next month to check out the markets. Particuarly interested in Bahia. Wanted to start a thread to see if anyone has any experiences or is buying there at the moment. One development i am looking at is called Quintas de Sauipe in Bahia. Await informed responses/threads.
 
Hi, i'm also looking at Brazil at the moment. Would be interesed in seeing how you get on when you travel over. What is the website for the development you are looking at?
 
Can you have a good exit strategy in Brazil? Who are you going to re-sell to when you want to cash in?
 
Oso said:
Can you have a good exit strategy in Brazil? Who are you going to re-sell to when you want to cash in?
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I see this as an investment zone for Americans in 3 to 4 years. I may be wrong. But the yanks tend to come in later on once someone else has tested the market.
 
Re: Brazil - north east

I think Bahia is close to where I am looking at an investment opportunity and would appreciate some views.
I have reserved off plan in a development in Maceio which is the capital of Alagoas region. The cost is £25k for a 1bed and on paper looks good.
However I have been advised by Brazilians that Brazil is still a very risky market. Mainly due to there being no exit stategy as interest rates are high locally. I am also concerned about the strength of the local currency - apparently it is being devalued. The developer wants paying in sterlling which sounded simple but I think now I can see why!

Does anyone know anything about a new planned international airport?

Thanks all
 
I just came back from Bahia last week, I met an on the level Irish guy there who works in real estate and is based in Salvador. I'll dig out his card this evening and post his details tomorrow.

Steve
 
Just a quick note on Brasil, I worked there from 1998-2000. Its an amazing place and bahia is exceptional, especially the area's around porto seguro. But I would be very weary of investing in Brazil. Just check out how many time it has changed its unit of currency in the last 20years, its very unstable fiscally. It actually devalued the Real by 20% in 1 day, imagine that your investment plummeting by 20% in 1day. They were trying to keep the Real and the Dollar on a 1-1 ratio.
 
Ivers57 said:
Just a quick note on Brasil, I worked there from 1998-2000. Its an amazing place and bahia is exceptional, especially the area's around porto seguro. But I would be very weary of investing in Brazil. Just check out how many time it has changed its unit of currency in the last 20years, its very unstable fiscally. It actually devalued the Real by 20% in 1 day, imagine that your investment plummeting by 20% in 1day. They were trying to keep the Real and the Dollar on a 1-1 ratio.
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Borrow in local currency if possible. Consider buying in Argentina, much better investment IMO.
 
icecool said:
I have been told 260,000 euro
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JAysis sounds very expensive for such a country with low average wage. What rent could realistically be achieved there? Whats tax implications?? I saw a property programme and they were buying similar properties for a lot less last year.
 
The brazilian in gort, who won something over 100k in the lotto , can now buy several houses back home , plus set up a buisness etc ,etc.
Surely one would be better off getting a well sited house near the development from a local, than buying in a very expensive development.
There is a lot of poverty and crime in brazil.
I presume you are buying for capital appreciation and will not live there.
 
sunrock said:
The brazilian in gort, who won something over 100k in the lotto , can now buy several houses back home , plus set up a buisness etc ,etc.
Surely one would be better off getting a well sited house near the development from a local, than buying in a very expensive development.
There is a lot of poverty and crime in brazil.
I presume you are buying for capital appreciation and will not live there.
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I havent brought anything yet.
 
anyone end up buying in brazil? i've been contacted about purchasing a site with planning for villa and pool for €17k, 30 mins from the new proposed airport, 2 km beach. that's all i know at minute. green land securities is the company i think. anyone know anything about them and any further opinions on brazil??
 
booly said:
anyone end up buying in brazil? i've been contacted about purchasing a site with planning for villa and pool for €17k, 30 mins from the new proposed airport, 2 km beach. that's all i know at minute. green land securities is the company i think. anyone know anything about them and any further opinions on brazil??
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After another year it's still only a proposed airport?

Does that not tell you something?
 
icecool said:
I see this as an investment zone for Americans in 3 to 4 years. I may be wrong. But the yanks tend to come in later on once someone else has tested the market.
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Not too sure if the Americans will end up flooding into Brazil in a big way tbh. They get stung with $100 to obtain a holiday visa every time they visit Brazil. A lot of Americans were complaining about it, especially when they discovered that Europeans did not have to pay it, when I was in Bahia a few years back. This has to be a big turn off when they can get to some of the Central American countries without so much as a passport.
 
bearishbull said:
Borrow in local currency if possible. Consider buying in Argentina, much better investment IMO.
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Not possible to get financing in Brazil nor Argentina if you are a foreign buyer ( Irish ) besides, if you could, interest rates are huge and you will have a massive negative cashflow situation. You should check out the laws in relation to reselling property especially if you have a long standing tenant - believe they have first option. Double check this though.
 
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