Beautiful Brazil’s Hot Island MarketBy Private Islands Magazine • Sep 9th, 2008 • Category: Islands for Sale
As the South American country of Brazil emerges as a true economic power, international real estate investors are discovering that the nation offers much more than just Carnivale celebrations and famous supermodels. Rich in natural resources and with a stable democratic government, Brazil’s rising prosperity has made it a growing location for global tourism, and a hot new region for purchasing a private island. Especially along the southern coast, the endless white beaches, clear blue seas and incredible nightlife offer a slightly more exotic alternative to the well-known Caribbean.
It may be new on the international property scene, but the designer luggage of South America’s own celebrity and financial elite has always filled the lobbies of chic hotels in Angra dos Reis, a scenic enclave located just a couple of hours from Rio de Janeiro. With ivory beaches, exclusive clubs and luxury shopping, the “Bay of Kings” has everything to offer the discerning 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 his famous clients an ultra-private recovery spot.
But with Brazil’s reputation as a boom market, competition is tough for the few private islands available in Angra. New interest from American and other international purchasers has resulted in properties that were sold for under a million dollars just a few years ago to now command prices of $5M or more. In April of 2008 it was reported that Latin pop star Ricky Martin purchased an island along the Angra coast for an incredible US $8M, and prices show no sign of dropping. Interest from previously untapped markets such as Asia and the USA have also spurred the mainland development of resorts, and for love-struck visitors who want to make a more permanent commitment, there’s no shortage of new luxurious condos with sweeping ocean views.
For all the tranquil, tropical luxury offered by Brazilian islands, the strongest contributing factor to their newfound popularity has been the country’s apparent movement towards economic progress. Initiatives by Brazil’s government to improve education, create employment and drive down crime rates have also helped to reduce concerns about the nation’s stability for investment. Selected in 2003 by the investment bank Goldman Sachs as one of the four developing countries most likely to dominate the global economy by 2050, beautiful Brazil is ready to prove to international property investors that it’s more than just a pretty face.
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