Brazil breaks into top 10 in Global Emerging Markets Index
Tuesday, April 29, 2008
Brazil is predicted to be the next major investment property hotspot and it is one of the top places for British property investors. Brazil breaks into top 10 for the first time of Currencies Direct's monthly Global Emerging Markets Index, charting at number nine. That means Brazil is the ninth most popular investment location for Brits buying homes abroad, according to Currencies Direct.
Currencies Direct noted that Brazil is the richest Latin American country and has well-developed mining, agricultural manufacturing and service industries, a large labour pool. According to PropertyShowrooms.com, Brazil is emerging quickly as property investment hotspot for European property entrepreneurs’ and annual price increase by as much as 20 per cent. The property market and infrastructure are developing at fast pace and this is the time to consider a purchase.
However, Mark O’Sullivan, head of trading at Currencies Direct, said property investment in Brazil come with many positives and negatives that investors should ensure the facts before making an investment.
Carlos Novis Guimaraes, chairman of the board at property developer Invest Tur has said in an interview with market watch that purchasers could find property for sale in many different environments. Harry Lewis, a director of Savills, predicted that Brazil would attract further interest from overseas property buyers during the next few months. So the investment in Brazil housing market would be highly lucrative for property investors.
This comes after the reports from The Latin Business Chronicle that Brazil’s real estate has shown positive growth over the last few years, buoyed by a strong economy.
Social BookmarkingCurrencies Direct noted that Brazil is the richest Latin American country and has well-developed mining, agricultural manufacturing and service industries, a large labour pool. According to PropertyShowrooms.com, Brazil is emerging quickly as property investment hotspot for European property entrepreneurs’ and annual price increase by as much as 20 per cent. The property market and infrastructure are developing at fast pace and this is the time to consider a purchase.
However, Mark O’Sullivan, head of trading at Currencies Direct, said property investment in Brazil come with many positives and negatives that investors should ensure the facts before making an investment.
Carlos Novis Guimaraes, chairman of the board at property developer Invest Tur has said in an interview with market watch that purchasers could find property for sale in many different environments. Harry Lewis, a director of Savills, predicted that Brazil would attract further interest from overseas property buyers during the next few months. So the investment in Brazil housing market would be highly lucrative for property investors.
This comes after the reports from The Latin Business Chronicle that Brazil’s real estate has shown positive growth over the last few years, buoyed by a strong economy.
Labels: Economy, Market-Trends
