Paradise found in 'perfect'paraiba?

Paraiba is an 'undiscovered state' in Brazil just waiting for investors to come along, according to Property Secrets...

In Brazil, like in Argentina and Panama,  there is a strong and growing tourism market, low cost of living (as in all Latin America), easy and unrestrictive buying process for foreigners, low capital gains and inheritance tax (15% and 2.5-4% respectively) high rental yields (around 9% on a 50sq.m property)  moderate purchase costs (between 11-12%) and pro-landlord rental laws.

Land plots in Brazil are a shrewd investment because the prices are so low, the potential for capital appreciation the greatest, and building costs are low because of the low cost of building materials in Brazil.

Paraiba is a yet to be discovered state in Brazil with comparatively low house prices. It is an up and coming area, halfway between the paradise beaches of Rio Grande du Norte and the rich historical sites of Pernambuco, both of which have already entered the list of most visited Brazilian locations.

A spokesperson for Property Secrets commented: "With all it has to offer Paraiba is sure to join them on that list: rich folklore, crafts, Paraiba cookery and fantastic beaches (including the 7th most beautiful beach in Brazil). Also worth mentioning is that Paraiba is the most easterly point of the Americas and so has the earliest sunrise -- it is also between two international airports, and has a very low crime rate".