Many resorts offer freehold plots from £17,000 upwards, completed and off-plan properties; so investors benefit from increasing land values, whether or not they build a villa. It substantially reduces the in-price; plots between 500 and 900 square metres are available at the Shamballa Resort, promoted by uv10.com, from 54,705 reals (around £20,000). Invest in Brazil has evolved a mixed land and off- plan offering, the land coming with full planning permission, in which villa purchasers buy and get title to the land immediately, so that their investment is protected while the property is being built.


Brazilians lead the way However, prices have already begun to rise markedly. Richard Cash says, “We launched our product a year ago and some of our early clients have made a hundred


Brazil benefits from a unique set of circumstances, a fast growing economy, recent significant oil discoveries, its selection to host both the football World Cup and the Olympics.’ david cox property frontiers


per cent on their investment.” Brazil is not a bargain basement market, clients won’t find distressed properties as in Spain or some other underperforming markets, but he still believes, “You could double and treble your money, it’s growth that is driving the Brazilian market.” It is not the international investor who is


driving the Brazilian market, but the Brazilians. “80 per cent of our sales at Tambaba Country Club to date are to the local market,” he says; different from some former ‘hot’ markets such as Bulgaria or the Costas, which were driven primarily by international interest. It also creates a useful exit route for UK investors.


PROPERTYdrum OCTOBER 2010 27


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