BRAZIL
THE NUTS AND BOLTS INVEST IN BRAZIL:
Brazil’s developing real estate market has been well publicised, but where do you start if you want to tap into it? To point you in the right direction, here we home in on two areas and highlight different types of investments available in each
WORDS RICHARD WAY E Main picture and inset
The masterplan for the Tambaba Country Club Resort in João Pessoa, and a CGI of a pool area
armarked to receive investment, both from its Government and abroad, the north-east corner of Brazil
has high hopes for the future. Two areas already benefi ting from
the country’s strong economy and a growing interest from foreigners are the states of Rio Grande do Norte and its southerly neighbour Paraíba, both of which combine expanding cities and a white sandy coastline. “Rio Grande do Norte is an
extremely popular holiday destination for Brazilians and Europeans alike,” says Anthony Fernandes at agent SPC Overseas (
www.spc-overseas.com). “Its thriving capital Natal is the closest city to Europe, being only 6.5 hours. Also, it has been named as a host city for the forthcoming World Cup (2014) and so has been receiving Government money for infrastructure improvements, better services and tourist opportunities, including hotels, as well as attracting new businesses and
Investing in the north-east
the expansion of existing businesses.” Paraíba’s state capital is João
Pessoa, the easternmost city in the Americas. Expat John Curtis, who has lived there with his local wife for ten years, runs agency Brazilian Property Direct (
www.brazilian
propertyshop.com) and says: “João Pessoa has emerged as one of the top places in the country to invest and live, due to its security, climate, infrastrcuture, good governance and friendly people. My wife is from the city and I have known the place for more than ten years.” Both Paraíba and Rio Grande do
Norte have opportunities to invest in both the domestic residential and tourist residetial markets, and here we look at the options in each.
Off-plan and resale Brazilian Property Direct offers a selection of resale and pre- construction apartments in João Pessoa’s prime beach district Cabo Branco, and can offer developer
JUNE 2011 A PLACE IN THE SUN 35
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