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| Marine Home & Resort, Florianopolis, Brazil |
Like many places, the popular Brazilian island city of Florianópolis
(Floripa) has seen some steep house appreciation in recent years.
Yet, while many global property markets are faltering, prices in this pristine and affluent part of southern Brazil continue to climb. Brazilian-based property agent uv10.com is not surprised.
"Properties in Floripa can see yearly price gains of around ten percent and, whilst the volume of sales has slowed a little since the onset of global economic crisis, those prices keep rising," says uv10.com sales manager Samantha Gore. "Two strong factors underpin this resilience. The first is that most of Floripa is set on an island which cannot be expanded, so property is a finite resource, a rare commodity. The second is that most of the island's luxury homes were bought outright without mortgages, before finance was even available and vendors have always been able to sit tight until they achieved their full asking price."
Yet, while many global property markets are faltering, prices in this pristine and affluent part of southern Brazil continue to climb. Brazilian-based property agent uv10.com is not surprised.
"Properties in Floripa can see yearly price gains of around ten percent and, whilst the volume of sales has slowed a little since the onset of global economic crisis, those prices keep rising," says uv10.com sales manager Samantha Gore. "Two strong factors underpin this resilience. The first is that most of Floripa is set on an island which cannot be expanded, so property is a finite resource, a rare commodity. The second is that most of the island's luxury homes were bought outright without mortgages, before finance was even available and vendors have always been able to sit tight until they achieved their full asking price."
