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STATISTICS ENHANCE POPULARITY OF PROPERTY IN BRAZIL

Tuesday, 20 May 2008

Bearing only good news for property investors in Brazil is the very latest statistics from the World Travel and Tourism Council (WTTC). Relating to the tourism based demand in Latin America with specific focus on Brazil, highlighting the fact that Brazil’s commitment to a fiscal and political overhaul, and to the greater promotion of the nation as a desirable and safe place to visit, invest, do business and live is proving more than successful.

Property in Brazil will be boosted by the WTTC statistic which show that travel and tourism demand in Brazil in 2007 is growing at a rate of 7.2% – almost 3% higher than the global average increase – and that for the next decade this increasing intensity of demand will remain exceptionally strong.

The vast majority of individual property investors who have committed or who are considering committing to Brazil’s property market are currently basing their commitment and predictions for growth and profitability on the ongoing development of Brazil’s tourism market…

Seeing the economic boost that, the Brazilian government has since committed to everything from infrastructure and accessibility improvements to an aggressive global push in terms of the promotion of
Brazil as an exciting place to visit, and as is clear from the WTTC statistics, the government’s actions are proving successful.

For property investors who were biding their time and waiting to see hard evidence of the sustainability in terms of the stabilization and improvement of Brazil, the World Travel and Tourism Council statistics combined with the news that we reported last month relating to General Electric Real Estate’s commitment to invest heavily and for the long term into property in Brazil, enough evidence is stacking up in favour of a property purchase.

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