Rio de Janeiro has been singled out as one of the top places to make a property investment in Brazil by an expert from the Association of International Property Professionals. Mark Sharp, chief executive officer at the organisation, explained that "steady growth" is anticipated in the city's real estate market.
In terms of specific areas of Rio de Janeiro that investors should consider, Mr Sharp pointed to the beach side. "Popular with tourists is the beach side - so rental opportunity is good - as well as the impact from government initiatives to positively promote tourism," he stated. And with big sporting events such as the 2014 football World Cup and the 2016 Olympic Games coming to the country, there could be further opportunities for property investors.
Mr Sharp also offered some advice to anyone planning to make an investment in real estate, commenting that it is vital to do thorough research before committing to a purchase and he stressed the importance of thinking ahead and considering what target market you could sell your property to in the future.
- Tuesday 09 August 2011