An analysis of the markets inside Brazil, points to Natal, the capital of the State of Rio Grande do Norte, in the Northeast Region of the country, as one of the best places to invest in.
As quoted in the article –
“Faltering economy; political uncertainty; interest, taxes and rising inflation. As much as the economic scene points to a contraction in the volume of investments in Brazil, the reality of the housing market – especially in Rio Grande do Norte – looks a bit different. Without ignoring the difficulties, this sector of business continues to attract inward investment. Recently appointed as the fifth best city in Brazil to invest in real estate, Natal lives up to the privileged position in the national ranking.”
“Even with this downturn of the Brazilian economy, this conjunction of variables makes the local market attractive,investment wise. “We know there is saturation of some products in the property market, but at the same time, there are other possibilities that follow generating a very high demand, for example,in the case of condominiums where we are designing and launching new ventures in the capital, “stated Fernando Lessa.”
“Natal is a city whose primary characteristic is attractiveness. The city has a very strong migratory pull, which gives an excellent profile for property investment, independent of fluctuations in the financial market. It is definitely not a harvest of seasonal opportunities, “Another big comparative advantage is the increased purchasing power of the average citizen of Natal – according to data collected by Prospects, the average income of the economically active population (EAP) has six times the minimum wage,(close to R$ 5000)”
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