Alternative Asset Analysis (AAA), an organisation set up to advocate and analyse alternative investments around the world, has declared Brazil's Joao Pessoa a good place to buy real estate.
June 21, 2011 (Newswire) - Alternative Asset Analysis (AAA), an organisation set up to advocate and analyse alternative investments around the world, has declared Brazil's Joao Pessoa a good place to buy real estate.
AAA explains that as Brazil's economy strengthens, more and more people are taking early retirement and buying second homes, thus the appetite for beach-front properties near cities is growing fast.
Brazilian real estate was one of the hot topics at this year's International Real Estate Investment Forum, which took place this week in Toronto. Those attending heard all about the opportunities in the Joao Pessoa region.
Investing in beach-front property, which attracts younger retirees and second-homeowners, is also being encouraged as it frees up more space for commercial property development in the city centre, which is desperately seeking more space for commerce and industry.
The area has a lush, protected forest, which offers the area a sheltered feel. AAA is also keen to encourage foreign investment in forestry programs in Brazil through firms like Greenwood Management. Such projects are positive for Brazil as they help provide alternative timber to that produced through logging of native forests. "Investment in forestry projects in emerging economies like Brazil is becoming ever-more popular with fund managers and individuals," claimed AAA's analysis partner, Anthony Johnson, who has ten years of fund management experience. He added, "It's also really worth looking into Brazil as an option for real estate investment as the growth potential over there is phenomenal."
One of the selling points about the Joao Pessoa beach property is that Brazilians like to live near where they work. As a result, the wealthy working-age people will buy up the beachfront property as keenly as the retirees as they can travel to the city quickly and easily, explained AAA.
Some of the most in-demand property is extremely high-end, such as condo tower apartments completed with access to gyms, swimming pools and other luxury amenities. These are available for purchase at around $315,000.
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