Property in Sao Paulo has risen by 20%

Wednesday, September 07, 2011

Property in Sao Paulo has risen by 20%

A report published by the Global Property Guide reveals that prices of property in São Paulo have risen by 20% in the last year.

The report attributes the emerging middle class, as well as Brazil's economic and political stability for the rises. Credit is easily available in the country and, generally speaking, the economy is growing and is expected to continue doing so at a steady rate.

Despite the hike in prices property in the city is still proving extremely popular, especially in sought after postcodes, where supply is extremely limited. Eighty percent of available properties in São Paulo are sold within the first six months, showing that demand is still strong.

And it is not just Brazilians who are buying property. São Paulo, and indeed Brazil as a whole, are proving extremely popular with foreign investors. With the 2014 World Cup and the 2016 Olympic games both coming to the country, property values are expected to rise even higher as investments in infrastructure make the country a sound investment.

As an example, recent reports from Propertywire stated that since the announcement of the games, those living within the Olympic boundary areas in East London had seen their properties increase in value by an average of £60,000.

Read our guide to purchasing a property in Brazil

If you're thinking of buying a property in Brazil, then make sure you visit A Place in the Sun Live on 30th September - 2nd October 2011 at NEC Birmingham. There are several companies exhibiting with us that will be selling property in Brazil such as Knight Knox Ltd and Eco House Developments Brazil.

Book your tickets to A Place in the Sun Live

Tickets are on sale now at two for £15 when booked in advance and come with a free six-month subsription to A Place in the Sun magazine.

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A Place In The Sun