The government and property industry in Brazil is putting pressure on the countries banks to offer financing options to foreign investors who want a mortgage to buy real estate.
International investors currently find it hard to obtain finance from Brazilian lenders: although in theory the Central Bank allows foreign investors to have access to finance in practice it does not really happen.
It is a situation that needs to change, in fact extensive negotiations are taking place with officials, and mortgages will be available to foreign real estate investors within the next 12 months, say government representatives.
Real estate in Brazil has changed radically in recent years. Five years ago Brazil suddenly had an invasion of foreign buyers. And this has meant that the whole system for buying real estate had to take this into serious consideration.
The last step is to allow foreign investors to get finance in Brazil…and it seems the dream is finally coming true!
Filed under: Brazil: news and investment opportunities
