Press Release Summary: Below market value property, strong rental yield driven by genuine tenant demand, an area of high employment with good prospects for long term capital growth and a typical landlord's insurance policy to give added protection. These are all the hallmarks of a quality buy to let property and taken together, represent a package of factors that reliably lead to strong investment returns. To find all of these factors in place on a UK buy to let property is rare. To find them all in place on a property in an emerging market such as Brazil, well surely that's just fantasy?
Press Release Body: Not if you know where to look, says Dan Johnson, director of international investment specialist E-Quity: "To complement our tourism-related opportunities in the North East, we wanted to find a traditional buy to let project that would be driven by some of the domestic economic factors that make Brazil such an attractive destination for investors right now. Sao Paolo and Rio are the obvious choices, but the cities are so vast that without spending a large amount of time there, it's difficult to pick out areas with market-beating potential.
"When we were contacted asking us to look at a project in Joinville, it wasn't somewhere we had heard of and it's probably not somewhere with which the majority of our investors are familiar. But our team did its homework and we were pleasantly surprised by what we found. This is a city with a buoyant jobs market, high levels of affluence, low crime and an expanding population. It's clean, peaceful and with huge amounts of investment planned for the next 4 years, it's going to be a great place to invest for the foreseeable future."
E-Quity are offering 2 and 3 bedroom apartments in Joinville for a little over £350 per m2, equating to £39,600 for a large 3 bedroom apartment. Other apartments in a variety of similar districts in Joinville sell for as much as £640 per m2, with the average being well over £500 at current exchange rates.
Not only do the low prices make these apartments attractive to local buyers in Joinville, the result is also a higher than average rental yield. Investors can conservatively expect rental yields of 7% or higher, and though many local agents advise that rental yields tend to be 1% per month, 7% seems to be a sensible level on which to base expectations. Running costs for this kind of property are low in Brazil, with the British-run company taking just 10% for lettings and management.
Tenancies are covered by a major insurance company called Porto Seguro, who vet all tenants and then provide protection against damage and non-payment of rent, giving investors peace of mind and security - something that's remarkably hard to find when investing in country thousands of miles away.
For more information about these and other Brazilian investments, please visit www.E-Quity.com
Notes to editors:
1. E-Quity.com is an international property broker offering well-researched investment opportunities in some of the most attractive emerging and established markets around the world.
2. E-Quity.com was founded in 2004.
3. The website address is www.E-Quity.com
4. The office address is 45 Lafone Street, Shad Thames, London, SE1 2LX
5. If you wish to obtain quotes, images or further information, in the first instance, please contact Jude Buttle or Dan Johnson on 0207 397 5412.