Did you know that it is now posible to get a Mortgage in Brazil to finance an off plan property this is a 100% off plan finance model, .

I dont belive that you can buy property in this method anywhere in the world I have not seen it in other emerging market

I could not afford a large depsosit of 40% but I could afford monthly payments to get me to the 40% needed, I flew to fortaleza to Inspect the site.and met with some local brokers who arranged the whole thing

I met with a Local english speaking Broker who took me to visit a site and see a project that has a payment plan of paying 30% of the purchase price over construction this means I can keep money in My bank and not Agents and Builders

The fees to set this up was $2000 and this was for the whole package CPF number leagal fees and the brokers fee, My monthlu payments are $1200.

When the property is constructed I will be given the keys and I can still finance the balance up to 16 years, but will more than likely pay off the balance over 5 years.

I will have the option to Sell rent or use the property myself If i rent this will give me an income to pay off the Mortgage in I will also get capitol growth

I look for properties that will have a high demand for rentals always remember the first rule of property location location, prices come second to me.

I settled on Fortaleza as my city in Brazil as regular flights from Europe TAP have 66 flights a week arriving from Portugal, In December Delta will fly direct from Atlanta.

Golf courses in North East Brazil are under construction the first part of an 18 hole course will open in December 08

In the same location they are building a shopping centre and eight five star hotels right on the beach it is well underway

The up coming world cup in 214 should have some games in Fortaleza one of the Riquirements is a metro system and they are building that now, It will be ready by 214

If you are buying for a holiday home then more than likley you will want the beach. I try to cover Holiday home and Investment as you only make your money when you sell so buy in a popular location

I chose brazil to buy as the market internaly is very good they predict that because of the local credit market being so good prices will grow by 20% this year and carry on for 10 years more

to contact the english speaking brokers I used www.brazillandconsult.com