Home - Cornhill Property Investments | Global Property Investment | Property Investment Opportunity


Les Terrasses Agadir, Morocco


Buccament Bay, St Vincent


Touros Village, Brazil

For further information on our investment opportunities please register below .

Latest global property news

Jul-04-2009

'Rich gain most from Brazil's emergence' Source: By Gillian Lacey-Solymar. Business correspondent, BBC Newsnight. Whilst the US teeters on the edge of recession and the UK battles with its own economic problems, it's easy to forget that some areas of the world are booming. Welcome to Brazil. The boom is silencing critics who - ever since the term Bric was coined by the investment bank Goldman Sachs to explain the key emerging economies of the world - have been questioning Brazil's inclusion. "Unequivocally, yes," insists investment banker Jean Marc Etlin, vice-chairman of Banco Itau BBA. "Brazil is a Bric" - alongside the other three; Russia, India and China. "It's a junior Bric, but going up the ranks. "It certainly fits the bill with healthy growth, a high population and plentiful natural resources." Brazil's growth rate remain relatively low compared with other Bric's though. Its gross domestic product, or GDP, is rising at 5.4% per year, compared with 8.9% in India and 11.5% in China. This is why sceptics used to believe that Brazil's inclusion is absurd, though many have changed their minds. "I'm no longer a sceptic," says Zeina Latif, head of economics for ABN AMRO in Brazil, citing the recent strength of Brazil's exchange rate and its macro-economic conditions.

'Massive Growth' Source: By Gillian Lacey-Solymar. Business correspondent, BBC Newsnight. Published: 29th April 2008. The boom in commodities and credit has played a part in fuelling the rise of Bovespa, the Brazilian stock market. "The market capitalisation is $1.4 trillion (£700bn)," says Joao Batista Fraga at the stock exchange. "In the last 10 years it has increased nine fold." But it is the structural changes in the economy that are creating the most excitement. In the days of hyper-inflation, everyone spent their money the moment it was paid and no one was willing to lend. All property had to be bought with cash. Now that stability has returned to the economy, the sector that is causing so many problems in the US and UK - consumer credit and mortgages - is beginning to create real opportunities in Brazil. In shops, credit is just emerging, albeit at horrendous rates: 70% is not an unusual figure, and mortgages are also becoming available. Little surprise, then, that property prices are booming, both in the domestic and commercial sectors. In Sao Paulo, for example, office rents have tripled in three years.

'Buying property in Natal, Brazil: Golf, beaches and plastic surgeons' Author: Susan Emmett .Sourced: The Times.Published: 1 June 2007. British investors are slowly discovering a low cost paradise, the things the British know about Brazil could probably fit on a piece of paper the size of Gisele Bündchen’s bikini – it is a country in South America where flip-flop-wearing people dance the samba, play football, burn down the Amazon rainforest and do unmentionable things with wax. But beyond the clichés, property buyers are discovering that there are new opportunities in parts of Brazil that never make it on to the television news or the catwalk. Take Natal in northeast Brazil, for example. Sunshine is guaranteed all year round, the cost of living is low and property prices are rising. It is the biggest city in Rio Grande do Norte, the part of Brazil that sticks out into the Atlantic and the closest point in South America to Europe. Those who have not heard of it yet soon will. Thanks to a huge marketing campaign by the Brazilian tourist board, the number of foreigners visiting Rio Grande do Norte grew by 130 per cent to 1.7 million in 2004. Thomson now flies direct to Natal from the UK and a new airport is due to be completed in 2009. Yet, despite the boom in tourism, property is still cheap by European standards. You can buy a beach house for less than £60,000 and investors, such as Christine Lea, are pouring in. “We knew that northeast Brazil had the best climate. We realised that British tour operators were going into the area, and when that happens property-seekers follow,” she says. There is still plenty of beach on which to lay your towel. Brazil has a long coastline and some of the most spectacular beaches are in the northeast. Natal has been particularly blessed with Ponta Negra and Pipa. Ponta Negra, Natal’s beach hotspot, was little more than a fishing village until the 1990s when foreigners, mostly Portuguese and Italians, started investing in the area. Hotels, restaurants and shops opened as tourism flourished. The 4km (2½ mile) beach is framed by the Morro do Careca (Bald Man’s Hill), a landmark sand dune. The city itself is still relatively quiet. There are no skyscrapers, the atmosphere is relaxed and crime is low. The surrounding area is also a draw. Pipa, regarded as one of the best beaches in the country, is just a day trip away.

Exchange rate of 2008.02.20

EUR GBP
100.00 75.44