There appears to be no translation for the phrase ‘credit crunch’ in Brazil. While the London stock market shrank by 1.5 percent during 2007, its São Paulo counterpart expanded by 93 percent due to a flood of foreign investment, a sizeable chunk of which went into real estate.

Samantha Gore, Head of Sales and Marketing for Brazil specialists www.uv10.com, said: “The Brazilian property market, whose star performer is the northeast region of Rio Grande do Norte, is still managing to post annual appreciation of up to 25 percent as demand is coming from two powerful camps – a domestic market keen to own property and international clients, many from the US and Asia Pacific region, wanting to share in a blossoming economy.

“Brazil’s dollar millionaires grew by 19.1 percent over the last year alone, many of whom prefer to holiday in their own country, and this makes for an aggressive and sustainable real estate environment with unmatched rental and resale potential.”

With this surge in outside interest and spare cash swilling around, Brazil’s aviation industry is bulking-up to satiate a fast-growing appetite for travel. Since the 1990s international passenger traffic has doubled and Brazil’s domestic traffic is up by 77 percent in the past decade alone.

With 31 percent of all Latin America’s GDP and strong tourism development from the Americas and Europe in particular, Airbus has predicted that Brazilian airlines will need an eye-watering 330 more passenger aircraft above 100 seats over the next 20 years to meet demand.

And, never one to miss a good money-spinner, Mr Branson has entered talks to start a ‘Virgin Brazil’. He said: “Brazil is a very dynamic market and we haven’t paid enough attention to. We know there is a lot of room to grow given the country’s size.”

For buy to Let investors looking to take advantage of the current property prices before they take to the skies along with those planes, there are some attractive developments on offer.

www.uv10.com is promoting the luxurious frontline beach development of Jacuma Villas, a 27km drive north of the city of Natal. With a coral sandy beach in a sheltered bay, Jacuma has long been popular with Natal’s elite as a spot for building sumptuous summer residences and as construction commences on Natal’s new international airport, a15 minute drive away, its attraction to foreign investors is growing.

There is a choice of two or three en-suite double bedrooms giving either 111sqm or 180sqm of living space. The Jacuma Villas also have double-height lounge / dining areas, sustainable ipê hardwood ceilings, two large upstairs verandahs, downstairs terracing for al-fresco dining plus private car port and storage rooms. All homes are delivered with mature tropical gardens and automatic irrigation systems.

The facilities include a large swimming and relaxation pool, sundeck, sauna, barbecue area and a games and television room. Tennis and a putting green are adjacent to the project plus there are five golf courses are planned for the local area. Jacuma Villas has its own beach bar and café.

Prices start from £98,000 and the on-site administration will rent the properties on owners behalf. Completion is expected for the third quarter of 2008.

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