In the tropics, property Bahia Brazil
Fifteen years back, nobody ever thought of Brazil as a second home or a hot real estate destination. Inflation was beyond control and the financial situation in a mess. An unbelievable transformation took place during these fifteen years and the inflation stands at five percent today. The economy flourished in the best possible manner and real estate showed twenty percent annual growth in some prime areas, where Bahia draws much attention. The position of Brazil is among the highest performing economies in the world. The reflection on real estate was a natural progression.
The pure essence of Brazil can be seen in Bahia. It is the hottest real estate destination in the country with its mild and refreshing climate. The sensational beaches, originally beautiful forest and 1200km coastline make it the most charming place in Brazil. The southern based population in Brazil always considers Bahia as a second home destiny and the entire demand for property sale in Bahia can be classified into three categories. They are local market sale, sale for people from other parts of the country and the sale for foreigners.
Why invest in Bahia Brazil?
For an astute investor Bahia offers great opportunities because its coastal area can be described as booming market and at the same time an underdeveloped area. This situation is ideal for any investor and surely worthwhile to consider investment in Bahia as a serious option.
Another remarkable aspect is the fact that the developmental activities in the area are being done with the proper care for the environment. That is why it can be described as a perfect winter residence or second home. The beauty of the nature is at its best with a perfect climate. Great parks, exotic beaches and other glorious gifts of nature are not being disturbed with the urbanization process.
The past and the near future of Bahia
Dating from the first sighting of Mount Pascal by the Portuguese in 1500 it has got a rich cultural tradition. The UNESCO has declared Salvador, the most important city in Bahia, as one of the world heritage sites and without a doubt it can be described as the historical foundation of Brazil. The outstanding infrastructure and cheap labor also made this area a hot destination for big multinational companies like Ford, Dow Chemicals, Petrobras, DuPont, Bridgestone, Toshiba and many more.
In the past it was an underdeveloped area and today it has become one of the best real estate destinations in Latin America with its natural beauty and great climate. In the future it is going to become the most sought after real estate paradise in the world with its rapidly improving and environmental friendly developmental activities. Bahia, as a most important agricultural area in Brazil, is also going to contribute immensely in this cause. Foreign investors have already entered in places like Salvador in order to make a smooth transition from an underdeveloped destination to a well developed one.
The 2014 World Cup and 2016 Olympics are going to do wonders for this area. The people in this area accommodate both party culture and laid back life style. Construction costs are cheap in comparison with other parts of the world and excellent connectivity with other countries like USA and Europe is going to help Bahia as well as Brazil to become one of the leading real estate hubs in the world. The booming economy of Brazil is going to touch greater heights with the imminent real estate explosion in the immediate future. Whether you want to have a winter residence, a second home or a big real estate business plan, Bahia and Brazil have plenty to offer. The choice lies with the people.
Investors in real estate have limited markets to look at in the current investment climate. The global recession has led to virtual stagnation in the property market in almost every country. But there are some regions where the trend is being bucked and one such region is the Bahia area in Brazil.
Bahia is a popular state in Brazil
On the north-eastern shoreline of this exotic South American nation is Bahia, one of the most exclusive states on the Atlantic coast. The most important attraction of the state of Bahia, especially with the onset of the 2014 FIFA World Cup, is arguably the evergreen property market. Indeed, the current Bahia Brazil real estate developments are some of the most advanced in the country. They range from tower block residential areas to burlesque or low-lying beach villas.
Brazil real estate has traditionally been overlooked by investors because the market tended to be sluggish. One of the reasons was that under Brazilian law, banks were not allowed to repossess properties when owners defaulted on loans, and this meant that very few mortgages were issued. Since that law was repealed, the property market has dramatically opened up and many experts compare the current real estate boom in Bahia to the southern European boom of the 1980’s and 1990’s.
Brazil’s economy is growing on a par with the economies of India and China and its predicted that Brazil will be the fifth richest nation in the world by 2030. This means that Brazilians are earning more and more disposable income and that gives them the opportunity to purchase real estate for investments purposes. Allied to this trend, the Brazilian real estate market, particularly in regions like Bahia, is also attracting a lot of interest from investors from other countries. There are many attractions for foreign investors in the Bahia area. Its continued growth as a home holiday destination is complemented by a growing number of foreign holidaymakers.
Real Estate and Foreign Investments
The Brazilian government actively encourages foreign investment meaning the real estate market is a level playing field for both residents and non-residents. Construction costs in terms of both labor and materials are substantially lower than in more developed markets. Completed property prices are also significantly lower than similar properties in the US or Europe. And unlike many other developing countries, Brazil is a stable democracy offering secure and safe investment opportunities. The Brazilian government is also spending vast amounts of money on developing the infrastructure in the Bahia area, leading to easier access by road and air.
The biggest numbers of Bahia Brazil real estate developments are beach resorts that offer upscale accommodation for tourists from the Hispanic community and other far-flung destinations, including North America and Europe. There are also high-end accommodation venues that rank among the best in the country due to their ecological and business-friendly offerings. They contain a sauna, inbuilt swimming pools, conference rooms and terraces for observing the sea expanse around. Among the leading beach resorts include hotels that offer accommodation, entertainment, and dining facilities.
As the country and its people continue to grow wealthier, the demand for new properties will continue to rise and the property boom in Bahia, Brazil, looks set to continue into the foreseeable future. When you like to see some outstanding property listings, please use this link to property bahia brazil.
Itacaré Eco Resort
A brand new real estate investment plan is developed near the coastal town of Itacaré. Investors buy property there in order to secure a residence in a beautiful area during a period of the year. For the remainder of the year will it be rented out by the Eco Resort booking department?