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BRAZIL STILL A STEAMY-HOTSPOT FOR INVESTORS

Thursday, 03 Jul 2008


Thanks to a growing economy, a stable political system and an expanding housing market, this South American country is fast becoming the next best in foreign investments.

Brazil still a steamy-hotspot for investors A predicted rise in housing prices, in and around Brazil, could prove to be highly lucrative to many investors, as most areas in Brazil can expect to see a growth of up to 20 per cent – meaning buyers can later re-sell and walk away with much more than the original purchase price.

A recent article in the ‘Times’ magazine suggests that due to the ‘fantastic fiscal fundamentals’ supporting the housing market in Brazil, this particular country is definitely a Latin American country that is well placed to deal with the current problems and issues in the global economy.

A major contributing factor to the increase and considerable growth in Brazil’s housing market lies in the fact that new flights into the country are opening Brazil up to the rest of the world, accordingly increasing and piquing interest from foreign investors.

The recent release of economic information from the Brazilian government brings to light the fact that this Latin American country has seen an economic expansion of 5.4 percent last year, giving further incentive to foreign investors to take the plunge and invest in this lucrative market.

The ‘Times’ magazine summed it up perfectly: “Latin America is high on glamour, but low on prices. The perfect mix for investors”

As 2014 is slowly creeping closer, the Brazilian government is putting strategies and infrastructure into place, in order to ensure that Brazil will be ready and capable to cater for all occurring events accompanying the football World Cup – to be held in Brazil, in 2014.

As reported by the ‘International Herald Tribune’ - Marta Suplicy (Brazil’s Tourism Minister) explains how “authorities are planning to create brand new upgrades to its transport infrastructure”.

Marta Suplicy goes on to elaborate how “to create a high-speed rail link between Sao Paulo and Rio de Janeiro is under consideration, along with plans to expand air traffic.”

These reports further illustrate the immense efforts put forth by the Brazilian government to utilise the 2014 World Cup as a platform for positive growth within Brazil, as a country, an economy and a destination for property investors.

The Tourism Minister substantiates this by commenting that: “The 2014 World Cup is a great opportunity for the country to raise its visibility before the world."

A former Brazilian international, Antonio Lopes, does not refute these claims, and the fact that Brazil is set to benefit tremendously from hosting the 2014 Soccer World Cup, as he suggests that “Brazil will benefit financially and economically".

The Brazilian government is doing all it can to ensure the necessary infrastructure will be firmly in place, to accommodate the influx of tourists and investors bound to enter into this Latin American country – a step in the right direction for Brazil and its emerging property sector.

Property Select offers a comprehensive selection of overseas property in Brazil, news, members club and reviews of the latest property developments.


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