Itacare Real Estate - A Brief Background
Itacare is one of the top tourist destinations along the southern Bahia coast. It became popular among surfers in in the 1980’s and 90’s among surfers and a generation of those looking for an alternative lifestyle, including nature lovers, “hippies”, rastas and others. Back then Itacare was much harder to get to, since the road from Ilheus to Itacare was only paved in 1998.
The same vibe continues today, with tourists and residents mingling at night in a music filled, peace-loving party atmosphere concentrated in the center of Itacare. The main street, Rua Pedro Longo, is often comparted to Rua das Pedras in Buzios because of its lively night life.
Real estate investment in Itacare has historically been focused around the town center, and most of the coastline and beach properties surrounding Itacare center were large areas of land owned by just a few families for generations. The most recent generation of landowners, however, have sold large areas of land to large developers or land investors who further subdivided large properties into lots for single home construction.
Map of Properties for Sale – Itacare
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Itacare Real Estate – Rural Properties
There is a growing trend of people looking to get “back to nature”, and Itacare is in the heart of some of the most preserved Atlantic Rainforest in Bahia. While these preserved areas are rapidly shinking all over Brazil, many property buyers from around the world are recognizing the unique geography that Itacare has to offer: preserved mountain forests, rivers and waterfalls, and proximity to some of Brazil’s most beautiful beaches.
Expats and wealthy Brazilians are now becoming aware of these hidden, undervalued properties that Itacare and its rural surroundings has to offer. The true investment opportunities in Bahia are old plantations and preserved, large undeveloped areas, most of which are undervalued when comparted to the rest of Bahia, or Brazil for that matter. Many of these plantations and “sitios” are viable businesses that turn a profit every year, making them even more attractive for investors wanting to live in Bahia yet aren’t ready to retire. We at Bahialand Properties are always on the lookout for large, undeveloped properties in the rural surroundings of Itacare.
Beautiful scenery, rivers and waterfalls, fertile soil, beautiful beaches, and low relative cost per square meter combine to make this region one of the best real estate opportunities that we know of in Brazil, or anywhere else in the world, for that matter!
Listings for Itacare
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