Prices In This Coastal Paradise Are Deep In Bargain Territory
June 24, 2014, Maceió, Brazil: Prices for beachfront property in Maceió, Brazil, are at a five-year low in U.S. dollar terms.
Dear Live and Invest Overseas Reader,
Palm-studded sandy beaches, warm turquoise waters, and a great property market...that pretty much sums up my first impression of Maceió, Brazil. After spending a few days in this city, my impression only improved as we explored the fine dining, beachside bars, and wild and beautiful coast that runs north and south from the city.
Best of all, thanks to today's favorable exchange rates, you can buy a home in one of Maceió's best beachside neighborhoods for less than US$100,000.
Capital of the state of Alagoas, Maceió (pronounced mah-say-OH) is located on the peninsula that separates Mundaú Lake from the Atlantic Ocean, about 168 miles south of Recife. A natural point of land juts into the ocean from the center of town and separates the town's beach sector into two parts, each with two major beach areas. My favorite beaches are north of that point.
A wide beachfront avenue runs along Maceió's clean and attractive boardwalk, which is busy all day with joggers, walkers, and people relaxing on a bench or keeping fit at the oceanfront exercise area.
Groves of palm trees surround seafront restaurants, beach bars, and the kiosks that dot the beach side of the boardwalk. On the city side of the boardwalk, the avenue is lined with tasteful buildings, restaurants, and hotels. The eight-story limit keeps the boardwalk and beach from feeling crowded or hemmed in by a wall of highrises.