http://brazil.willpowergroup.net/brazil-tops-2010-property-wishlist/?utm_source=rss&utm_medium=rss&utm_campaign=brazil-tops-2010-property-wishlist Tue, 15 Mar 2011 19:05:19 -0700 http://wordpress.org/?v=2.9.1 hourly 1 http://brazil.willpowergroup.net/brazil-tops-2010-property-wishlist/comment-page-1/#comment-152 Alison McGowan Mon, 28 Dec 2009 17:17:27 +0000 http://brazil.willpowergroup.net/?p=542#comment-152 There is no question that financing in relation to GDP is on the (very) low side in Brazil but whilst foreigners can't get mortgages this is irrelevant, and even when they can the interest rates are bound to be enormous. Even basic savings accounts are still paying 7% here(down from 16%). Two other things need noting. Firstly property prices have almost doubled over the last 4 years, and secondly the brazilian real has strengthened by over 50% during the same period. I definitely advocated buying (cash up front) until 2005/6. Since then the numbers have just not stacked up. There is no question that financing in relation to GDP is on the (very) low side in Brazil but whilst foreigners can’t get mortgages this is irrelevant, and even when they can the interest rates are bound to be enormous. Even basic savings accounts are still paying 7% here(down from 16%). Two other things need noting. Firstly property prices have almost doubled over the last 4 years, and secondly the brazilian real has strengthened by over 50% during the same period. I definitely advocated buying (cash up front) until 2005/6. Since then the numbers have just not stacked up.

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