Brazil's economy is currently the world's seventh largest, with tourism playing a major and growing role. In 2012, roughly 5.68 million tourists flocked to Brazil from overseas, and this number is still growing.
The country is quickly becoming one of the world's top destinations for tourism, thanks to its sunny weather, sandy beaches, and famous party atmosphere. For this reason, more and more investors are starting to look into tourist properties for sale in Brazil. Demand for good-quality tourist accommodation close to the coast is high, and continues to grow as Brazil becomes ever more popular with the international community.
Many wealthy individuals from around the world become so fond of visiting Brazil that they choose to take a second home there. For this reason, luxury property for sale in Brazil, especially in the areas around the coast, can also prove a promising investment. With demand for both tourist accommodation and second homes still increasing, there is strong potential for capital growth and for healthy rental returns.
It is not just foreigners who drive demand for Brazilian property. The health of the nation's economy is providing more and more Brazilian nationals with a strong and steady wage, leading to demand for housing. However, the country is currently facing a severe deficit in housing. The country is estimated to be short of around 8-10 million homes, with roughly 33% of the deficit focussed in the North East of the country. This situation has created a rapid drive to build new homes, and there is plenty of off-plan property for sale in Brazil as developers strive to put a dent in the deficit.
The housing deficit has also led to some highly successful government initiatives to develop more affordable and social housing for those in lower income brackets. Often, these projects offer private investment opportunities which offer low outlays and comparatively high potential for profit. Thanks to the government's interest in developing this type of property, they tend to come with the added security of government assurances along with a simplified purchase process. Properties for sale in Brazil as part of such social housing initiatives can therefore be an attractive opportunity for the right kind of investor.
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