Quote:
Originally Posted by michaelbush
If you really want to go cheap and get a good return and sales back to Brasilians you could of course consider the "popular house" . aorund 50-55 m2 on 200 m2 plots, typically 2 bed one bathroom, small lounge and kitchen and terrace. These are designed for the urban expansion plans and are priced to sell at just 53-63kR$!! Rental between 300-400 R$ per month. You would need a good few of these to make some money!
In the Zona Norte a year or so ago you could buy small houses in the "conjuntos" built on small 10 x 20m plots for 20k R$- now those same houses are around 60-70kR$, some even already 'reformed'.
Foreigners would rarely consider these as investments but the profit would have been greater!
Right now the smart money is going into the urban expansion land which is still rising in price rapidly.
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Urban expansion land you say. What do you mean by this? And which cities in particular? on this forum there is nothing about rio or sao paolo, or cities like that, this makes it even more interesting to me. semms there is not much hype concerning those cities or cities of similar type. What do you think?