Boston, MA (PressExposure) March 07, 2012 -- Alternative Asset Analysis (AAA) is urging alternative investors to consider buying up real estate in Brazil, as it offers many opportunities for those who want to buy a tangible asset in a growth region.
Brazil, being one of the largest countries in the world, is not short of space and beautiful property. The nation, AAA points out, has also enjoyed major economic growth in recent years, meaning that many in its population have new wealth and a new appetite for real estate as a result. "This is a great time to buy up property in Brazil," claimed AAA's analysis partner, Anthony Johnson.
He added, "There is an abundance of property in the coastal regions, and in Rio and Sao Paulo, that all offer a decent investment opportunity for anyone looking to diversify their investment portfolios with a tangible asset class that is less correlated with the equity markets."
There are several steps that foreigners need to take before buying up Brazilian property, added AAA. These include getting hold of a Brazilian tax registration card, which can be obtained by joining a local Brazilian consulate and having documentation, such as birth certificates, translated into Portuguese. Mr Johnson also warns that it can take up to two months to establish a post office box in Brazil, which is necessary as the card will need to be posted there.
Using a local broker, who speaks English, can be useful to ensure you don't miss an important element of the transaction process and can also help in sniffing out some of the best deals to be had, added Johnson.
AAA is an alternative investment advocacy group that supports alternative and ethical investments, including sustainable forestry projects in Brazil, such as those run by Greenwood Management. These projects allow foreigners to buy up sections of plantation land for as little as $10,000.