But not many people realize that it is also boasts a stable, fast growing economy which will continue to grow according to the international OECD (Organization for Economic Co-operation and Development).
The Brazilian government is very keen to increase tourism too, with several new airports either being built or at the planning stage all over the country. Flight times between Natal, in the Northeast, and Europe can be as little as 7 hours, which compares favorably with flight times for Florida or Jamaica.
All of which adds up to one brilliant investment opportunity, according to Ross Martin from HomeInternational, speaking at the Irish launch of Lagoa do Coelho – a new resort complex in Natal, capital of Rio Grande do Norte.
"We're really excited about this development. The resort is being developed by a reputable Spanish company and we know from experience that this development company have what it takes to build a high spec, high quality, environmentally sustainable and good value resort. It's the perfect place for a buy to let investment," said Ross. "And of course, the location is just stunning."
Lagoa do Coelho (Rabbit's Lagoon) has many amenities including an 18 hole golf course, shopping center, an 1,800-seat theater, and even a heliport. But the real selling point is the huge private lake which gives the resort its name.
"The most beautiful location for a resort I've ever seen," as Ross says. It's not just the lake either – the resort is also just 600 meters away from 4 km of unspoilt, private beach.
Prices for 1 and 2 bedroom apartments start from 80,000 Euros (US$ 107,000) with, as the sellers put it, "2 years guaranteed rental."
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