Real Estate: As South America's beautiful Brazil comes into its own as an emerging economic power, international real estate investors are discovering that the country offers attractions far beyond Carnivale bacchanals and long-legged supermodels. Rich in resources and enjoying a newly stable democracy, Brazil's increasing prosperity has positioned it as a prime location for global tourism -- and a hot new region for private island purchase. Especially along the southern coast, its endless beaches, turquoise waters and incredible nightlife offer an exotic alternative to those looking past the more familiar Caribbean.
The Louis Vuitton luggage sets of South America's own celebrity and financial elite have always filled the lobbies of boutique hotels in Angra dos Reis, a star-studded enclave located just a few hours from Rio de Janeiro. With ivory beaches, exclusive clubs and luxury shopping, "Bay of Kings" has everything to offer the discriminating traveler. Private islands with luxury homes and helipads dot the coastline, many owned by South America's top performers and business moguls -- and by at least one prominent plastic surgeon offering a secluded recovery spot to his famous clients.
But with Brazil's rebounding reputation, competition is fierce for the few available private islands in Angra. New interest from American and other international purchasers has resulted in properties which may have sold for just $1M just a few years ago to now enter the market at prices often surpassing $5M. Rising tourism from previously untapped markets such as Asia and the USA has also spurred the mainland development of resorts and hotels lining the coast from Rio de Janeiro to Salvador Bahia, and for visitors who've fallen head over heels for the country's charms, and luxurious condominium complexes.
For all of the glamour and paradisiacal nature offered by Brazilian islands, the most significant factor for their rising popularity has been the movement towards progress by the current government. Broad initiatives to improve education, create employment and drive down crime rates have given the administration a strong mandate from voters, reducing concerns about the nation's political stability. Selected in 2003 by the investment bank Goldman Sachs as one of the four developing countries most likely to dominate the world economy by 2050, beautiful Brazil is well-poised to prove to global real estate investors that it's more than just a pretty face.
By Alexis Pappas
Director of Operations, Private Islands Inc.
|Related Topics :