Indeed, with increasing demand for hotels propelled by upcoming global events in Brazil such as the 2014 World Cup and the summer Olympic Games in 2016 as well as the predicted 3.5% GDP growth in 2012 according to Brazilian bank Itau Unibanco which also forecasts a surge to 5.1% growth in 2013, interest in the Brazilian real estate market from global investors is at an all-time high.
Dean Thomas, MD of DLT property, developers of Palm Springs Natal comments:
"Currently Brazil is the most attractive emerging market for investors according to research released recently by the Association of Foreign Investors in Real Estate (AFIRE). Strong economic growth, a rapidly increasing middle class, increased consumer spending combined with healthy tourism levels means that investing in commercial property in Brazil is certainly the way forward for investors.
"At Palm Springs Natal, there are plenty of commercial opportunities available from bars, restaurants and coffee shops to hairdressers, spas and retail units which will all afford good rental income for investors. In addition to buying plots, Palm Springs can offer the rare opportunity to purchase commercial assets starting from £450,000 for a generous 620 m² plot."
Indeed commercial property volumes in Brazil were one of the highest in the world in 2010 according to Jones Lang LaSalle, while commercial real estate investment in Brazil accounted for 75% of transactions in Latin America in 2011.
Dean Thomas further explains:
"Whether your investment is in housing, offices or industrial units, Brazil offers investors great potential for high returns thanks to growing demand and lack of supply. For those thinking about investing in Brazil, Palm Springs, located just 30 minutes from Natal's international airport in the NE of the country, can offer a variety of investment options whether you want to buy land and build a home or indeed build and operate your own commercial unit.
"We have spent more than 4 years ensuring that all land ownership and use legalities are in place including condominium status for land plots and installing essential infrastructure such as water supplies and sewerage. Palm Springs Natal is designed with the end user, the Brazilian, in mind and as a result 70% of our sold land plots have been to Brazilian nationals."
