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Brazilian real estate market is hard to surpass

Wednesday, March 26, 2008

An industry expert has said that the real estate market in Brazil is 'hard to surpass'.

Jamie Strong, a property expert, when speaking to the media about the emerging property market in Brazil, said "The one thing which would really help Brazil is, when the mortgages are available to foreigners. That will really open up the market."

Jamie also appreciated the property range available in Brazil, and the ease with which a property can be purchased in the Latin American nation.

The President of 'The Association for Real Estate & Tourism Development' in North-East Brazil (Adit), Felipe Cavalcante, has highlighted the impressive features of the nation for potential investors. About 97 percent of international tourists, who visit Brazil, once again returns and emphasizes on the work that Adit is doing towards building relationships with businesses in the area. It also forms a "one-stop-shop" for foreign investors, who can purchase properties at a "fraction of the price" in Brazil.

According to Felipe, capital appreciation on properties in the North-East of Brazil is expected to pick-up by 30 percent. The Brazilian Institute of Tourism has reported that the tourism in Bahrain is growing at a rate of 7.2 percent.

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posted by EstatesNewz, 3:57 AM

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