Latin America has been ranked as the second fastest growing global region in terms of its house prices, according to the new Knight Frank Global Price Index for Q1 2015. The region has achieved above-average year-on-year house price growth of 5.1% this year, profoundly greater than the Global House Price Index that stands at 0.3%.

As a stand-out location within Latin America, the region's largest country, Brazil has been ranked in 20th place worldwide, just one spot below the UK, achieving an impressive 5.4% growth over the last 12 months.

Luiz Fernandes, CEO of leading Brazilian developer, Ritz-G5, provides his perspective on this success,

“Latin America, and Brazil in particular, is taking a strong position on the world stage, with the newly released Knight Frank data showing outstanding house price growth. This, coupled with the increased bank reserve requirements towards housing, means that the future of the Brazilian construction and real estate sector looks increasingly bright.”

Under the new resolution put forward by the Brazilian National Monetary Council, R$22.5 billion ($7.3 billion US Dollars) will be directed towards farm and housing credit, whilst banks are set to increase their reserve requirements on saving deposits from 20% to 24.5%, which will be used for housing credit. These measures will help to direct a significant part of the Brazilian economy towards the real estate sector, therefore spurring on an even greater increase in activity.

Specifically, Brazil's cities are witnessing the greatest positive activity, with Sao Paulo achieving 5.8% house price growth and 1.4% rental growth over the last 12 months, according to Fipe Zap Index. This example is part of a wider picture that reveals the outstanding house price growth across Brazil's largest cities which has been gaining since 2010, amounting to 89.7% in accumulated growth, equalling an average of 20% per annum.

As the accumulated house price growth continues to rise, it is clear that interest in Brazilian real estate is not abating. The north-east city of Natal is one location with great promise for those looking to purchase where real estate prices are buoyant. For example, prices in Natal's most exclusive districts Petrópolis and Tirol average at R$4,760 per square meter for a new-built 3 bedroom apartment of ca. 100 square meters size, whereas a new-built 4 bedroom apartment of ca. 500 square meters comes at R$6,362.

One property proving popular with savvy investors is Natal's Costa Azul, situated in Petrópolis. Inspired by the Atlantic Ocean, Costa Azul or 'Blue Coast', is a new contemporary and luxurious 168-apartment development which offers excellent commuter links into the city and close proximity to some of Brazil's best beaches.

Its prime hill-top positioning compliments its bold design statement, where residents can enjoy captivating beach and Ocean views as well as first-class amenities that include a bar, pool, gymnasium and spa to complete the luxurious experience associated with a private retreat.

Two and three bedroom luxury apartments offer breathtaking views towards the Potengi River, the Atlantic Ocean and the Fort of the Three Wise Men, all fitted with contemporary décor and stylish appliances. Prices start from R$411,488 / £80,700.

For more information on Brazilian real estate, contact Ritz-G5 on +44 207 183 7565 or visit www.ritz-g5.com