With the cancellation of real estate contracts, comes the opportunity for potential buyers to purchase property in Brazil at very attractive and discounted prices, especially if you negotiate directly with the constructors. Such discounts are likely to continue in 2016 with property values falling by at least 20% or more in some Brazilian cities, according to a recent report by Fitch Ratings.
This is a great time for those who are looking to invest in the Brazilian real estate market. With the pound sterling worth around five Brazilian Reals, buyers who are paid in foreign currencies can soon become potential investors with a decent chance of making a healthy profit. If you do your research, you can find some very good deals on Brazilian soil.
