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Brazil is part of BRIC, four countries that are set to eclipse the current richest countries in the world by 2050. Brazil's economy is booming with GDP growth at 5.4% last year. Housing demand is rising, it is estimated that Brazil needs a further 7.9 million homes to keepup with demand. Sao Paulo boasts one of the highest qualities of life in Brazil Sao Paulo's market is fuelled solely by local demand, with zero international influence due to high interest rates. Serviced apartments with high standards of facilities and amenities Small apartments (from 50 sqm) in high demand and should command gross yields between 9-14%. Developer is listed on the New York Stock Exchange and is one of the biggest in Brazil. - Discounts in excess of 20% offered for 100% upfront payments
Description Brazil's economy is currently booming and is now ranked 9th in the world, with such a large resource of commodities it's exports play a major part of this. Due to the fact that Brazil exports to the whole world it is not susceptible to fluctuations in other economies. Housing demand in Brazil is rising as purchasing homes is becoming more affordable due to an increase in mortgage availability to locals. It is estimated that Brazil needs a further 7.9million houses to keep up with current demand. Brazil's largest and richest city is Sao Paulo, it has one of the best qualities of life in terms of longevity, per capita income and education base in Brazil. Sao Paulo's economy is currently booming, it is responsible for 30% of the total GDP of Brazil, 33% of the country's exports and 20% of its agricultural output. Sao Paulo is unique to the world's real estate market in the fact that it currently has very high yields and high growth, generated solely by the local market. Brazilian buyers are driving the market forward, with very little influence from international investors. Location The suburb of Campo Belo is located in the central south region of the city, the suburb is very popular with young professionals as it offers a high standard of living with a number of green spaces and the beautiful Ibirapuera Park. It also boasts a number of bars and restaurants and is a popular choice for a night out. Campo Belo also has the benefit of being near to the new business districts of Itaim Bibi and Moema making the suburb a convenient and fashionable place to live in the city. Although not currently connected to the metro system there are plans to extend metro line 5 from Largo 13 to Chacara Klabin and will run through Campo Belo. This will further heighten its desirability. Properties Vision will offer the highest standards of facilities and services to it's residents alongside cutting-edge technology, safety and comfort. Facilities include a variety of health and leisure activities, a range of social areas and the convenience of a 24 hour concierge, housekeeping and valet services on-site. In addition Vision has added appeal of small apartment sizes (51 to 132 sqm), that make them affordable to purchase or rent. Our research suggests yields on modern apartments (like Vision) will range from 9-14% gross against the listed price. 51 sqm apartments have a list price from BRL 254,070 (~ £78,500), 72.26 sqm apartments have a list price from BRL304,270 (~ 94,275) and the 74sqm apartments have a list price from BRL 311,620 (~ £96,179). Discounts are available for 100% upfront payment for these properties. Payment Schedule 6% of the purchase price is required to reserve your unit. A further 24% of the purchase price is required when signing the purchase contract within 30 days of reservation During construction 4 payments of 5% are required, paid every 6 months starting on 1/12/2008 The final 50% is payable upon completion. Discounts are available for 100% upfront payment of the purchase price.
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