Investment Property in Brazil

Locations - São Paulo

An important state

The state of São Paulo is generally viewed to be the most important in Brazil for both its tourism and economy. It benefits from great natural beauty, with rolling hills and green valleys, beautiful beaches and acres of farmland. Its success at attracting such a large proportion of Brazil’s tourists lies in the varied types of attractions on offer. The wider region of São Paulo has botanical gardens, two world-class zoos, a Formula 1 race track, as well as the usual sun and sand tourism.

The city

The city of São Paulo is home to nearly 20 million residents, including the largest number of immigrants concentrated in one city in Brazil. It is home to the largest industrial park in the country and indeed is Brazil’s greatest economy, being the financial centre of the country. This mix ensures that the city is the most cosmopolitan in Latin America.

Great wealth

São Paulo state is the most commercial area of all of Latin America and is a region of great wealth. It is home to some of Brazil’s most important towns, such as Ribeirao Preto, a sophisticated service centre for Brazil and South America as a whole.

Property market to watch

São Paulo is catching the eye of international developers. The real estate company the Grosvenor Group, headed by the Duke of Westminster, the richest man in Britain, has tipped São Paulo as a 21st-century boomtown. When asked to name five future property hotspots, São Paulo was in the top three. A report from Grosvenor notes that "the Latin American giant's famous favelas [slums] are already seeing signs of change." It adds that, "The chances are that the topography of the city will morph into a more structured format, precipitating a natural process of regeneration helped by external investors."

New stage of development

Views such as these come as no surprise to the city’s urban planners who believe that São Paulo is about to enter into a new stage of development as a big international city. With nearly 20 million people spread over about 2.1 million acres, there is little room for development, meaning more high-rise buildings in most areas of the city. One exception may be the downtown area, where there are hundreds of empty lots and about 20% of all buildings are empty.

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