Knight Frank: Brazil has buy-to-let opportunities

11 September 2007
Looking further afield for buy-to-let opportunities could yield positive results for people who wait to see evidence of further capital growth, according to a spokesperson for Knight Frank.

He said that buying in more distant locations did have its disadvantages, such as not being able to see exactly what you are buying, although most developments do have good show homes.

Buying offplan property in "rising markets" such as Brazil could be a lucrative option.

The spokesperson said if investors "buy now, rather than waiting ten months for capital growth", they could save between ten and 20 per cent.

And while it is not ideal for investors to not see what they are buying, the majority of good developers have show homes that offer "a pretty good flavour of what you will be getting".

Developing markets are becoming an increasingly attractive option for investors, with a recent Goldman Sachs global economics paper published predicting that Brazil, along with Russia, India and China, will become leading economic forces over the next five decades.

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