Where intrepid British property buyers go, the European Union is sure to follow? Well, that's how it seems, as last week the EU held its first ever Brazilian summit, a country rich in land, resources and people. Add to this forecasts from global investment behemoth Goldman Sachs that the Brazilian economy is set to become one of the world's most dominant in the not-too-distant future, and it's no wonder that the land of carnival also boasts perhaps the emerging property market of 2007.

Unsurprising, then, that the EU spies a potentially lucrative trading partner over the Atlantic horizon - with greater cooperation in energy, transport and regional development dominating discussions at the summit. And when it comes to regional development, there's no doubt that the Natal region - the current hotspot for Brazilian property - has stolen a march on its neighbours, and is already attracting considerable interest from European property buyers.

As Anthony Fernandes of SPC Overseas claims, "Brazilian property is perhaps the most exciting investment opportunity anywhere in the world today. The potential for enormous growth is underpinned by its vast natural resources. Natal is the first Brazilian region to benefit and the current $1.8 billion being invested here and in the surrounding areas over the next five years is sure to help keep Brazil well documented in the national newspapers as the world watches its meteoric rise."

SPC Overseas is currently marketing Jacuma Beach Resort in Natal, a collection of five distinct developments located on a private beach. Property prices start from £53,548 for a one-bedroom apartment and £117,229 for villas.

Alternatively, for those hoping to buy Brazilian property on a slightly tighter budget, Obelisk International is marketing the Estrela do Atlantico development in Natal, which offers one-bedroom apartments (divisible into two bedrooms if required) with an average price of £48,023. For those prepared to look further to the south of Natal, Pipa Paradise is a development in the resort of Pipa 80 kilometres south of the city of Natal, and comprises two-bedroom apartments and three-bedroom villas available from £55,126.

Steve Worboys of Experience International, the company marketing the development, comments: "Natal is the closest Brazilian city to Europe and the US, and along with nearby Pipa it is a tourist magnet and a property hotspot. This already hugely successful tourist destination guarantees year-round rental potential with Brazilian tourists dominating the European winter season (November to April) and European tourists throughout Europe's summer (May to October)."

So, who needs to wait for the EU? Not Natal, that's for sure.

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Brazilian property market hots up
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Article first published 13th July 2007