Hi Paul, the simple reason is that I'm intend to invest in Brazil with the idea to move there eventually(in a short term) to work and live for 6 months per year and I'm not just looking to invest money in real estate. if that was my reason I'd choose the european market as it's much easier logistically and financially to manage. Big developments as Lago do Coello, which I visited in September, will be ready in 3-4 years, will be made of thousand of apts, and my say in the management of the complex will be almost nil if compared to a smaller development. The time schedule is very important for me and I'm not interested in buying something that would take so long to use. The other point being that taking so long to be ready most of the agents cannot properly answer to even the most basic questions. As an example my agent for Lago Coello couldn't even show me a proper drawing of the flat chosen and what it would like, view from the building etc...In most of this huge development you risk to buy something that in theory has a certain view and in 1 year they may decide to build something else. It's true that the same can happen even in smaller development. In Pontanegra had a look at many of these skyscraper being advertised with sea view and found out that in many places another building is going to be built almost in front.