'Good prospects' for north-east Brazilian property

Investors looking for real estate in Brazil have been advised to focus their attention on the north-east of the country by one firm operating in the nation.

According to Obelisk International, which specialises in investment opportunities in Brazil, land is not at such a premium in north-eastern regions, while there is strong demand for properties in this area.

Consequently, the company believes that this part of the country offers "a more stable long-term future than the big cities in the south-east".

Gary Hardacre, chief executive officer at Obelisk International, added: "Huge demand is undoubtedly the main factor behind the long-term potential for the real estate market in Brazil."

Earlier this month, director of the Brazilian Company for Patrimonial Studies Luiz Paulo Pompeia told Property Secrets that buyers should negotiate with developers to obtain a reduced price on their investment.

He explained that offering to provide a larger down payment for the asset in question could be one way to help convince them to lower their asking price.