Homes in Rio are strangely inexpensive considering the beautiful location and the amazing view that you can achieve from a very amazing place in the world. But there are a few social reasons as to why the homes that you could purchase on the seafront are so cheap. Partially it comes down to the overall poverty level that has been stricken in Brazil over the last few years, while the other main aspect comes down to the increase in violent crime including murders over the last 50 years.
Brazil was never the safest place to live in the world, but it goes without saying that it has significantly increased in terms of the dangers associated over the last 50 years especially. With the increase in drugs and drug dealing both inside and outside of Brazil, alongside the horrific increase of national and local poverty in Brazil and Rio especially, the gangs and violence throughout has significantly increased to the point the average person in Brazil does not consider themselves safe to walk the streets anymore.
However, as evil as this may sound, this is actually a blessing for real estate companies or individual investors such as myself, who are always looking for new markets and new opportunities to take a profit. And fortunately for many of us, Brazil and Rio especially is quickly becoming one of the burgeoning markets for real estate.
As there is such a significant presence on the many lovely beaches and seafront properties in Brazil itself, the actual property values for those homes are always decreasing due to the violence and the issues surrounding Brazil. That is why we can always look at the Brazil market as low hanging fruit for sea front properties. This is at least until the violence and troubles in Brazil are finally over.
|Real Estate Attorney firms should always be consulted before purchase.|