By Ronan McMahon
New air routes and the improved accessibility they bring are strong drivers of real estate prices in emerging markets. And Brazil’s northeast coast is about to be opened up to eager U.S. buyers.
As a U.S. resident, you can use your IRA or other retirement account to buy international real estate. Find out more in your free report.
If you own a condo in Fortaleza…or are thinking of buying one…here’s some good news: Rental demand in this Brazilian city will soon go up.
I recently spent some time with IL’s Suzan Haskins and her husband (and IL Publisher) Dan Prescher. They were just back from Ecuador. I was so impressed with their reports about a mountain town they visited that I did something I almost never do.
James from Brazil Land Consult took some video on our last scouting trip to Fortaleza. Check it out on YouTube. You can see us at the Beach Class site 40 seconds into the video.
Our little real estate group didn’t exist in March 2008…but if it did, one of my recommendations to you would have been to buy Phase One lots in Grand View Estates. This is a development on the Caribbean side of Costa Rica. This was an attractive deal and the price was right.
I told you last week about our good fortune with the Beach Class investment I first recommended to you last month. As I predicted, the developer raised his prices by 10% after we bought.
Although Fortaleza is a top domestic tourist destination within Brazil, it has largely been ignored by international tourists. In the next two to six years, that’s going to change dramatically.
I am heading back to Fortaleza on the earliest date my schedule permits: Oct. 15–19.
The economic growth in Brazil is strong. The domestic market for real estate is strong and growing. This means that when we invest in Brazil’s northeast coast, our investment isn’t dependent on foreigners or foreign money.