World Bank loan to Brazil boosts property market
Saturday, May 10, 2008
Overseas investors considering buying property in Brazil could be interested to hear the news of the high rate of economic growth in Brazil and a $7 billion (£3.5 billion) loan by the World Bank for improving the infrastructure. Meanwhile, Ignacio Goni, the head of Latin American research for Riedel Research Group has revealed that Brazil was a very attractive place to be for investors in most sectors.
The Brazilian press has reported that last week in Washington DC the Executive Board of International Bank for Reconstruction and Development (IBRD) approved the deal.
IBRD has stated that almost 70% of the financing should be made available to state governments for priority projects and the Growth Acceleration Programme. Overseas investors are planning to buy property for sale in Brazil will be increased as the infrastructure improvements across the country would indirectly support investors by raising the appeal of certain locations.
The recent surge of tourists would kick-start growth in the Brazil economy, with the holiday industry being the key player. The burgeoning tourist trade are driving property prices upwards and offers investors the chance for strong returns on their investment.
Louise Brown on an interview to The Telegraph has said that foreign property buyers would be able to enter the market at a relatively low price, since it is considerably cheap to invest in Brazil at the moment. Property Frontiers said that property and land prices are rising but still reasonably priced and investors in rental properties could expect returns of about ten per cent a year.
Social BookmarkingThe Brazilian press has reported that last week in Washington DC the Executive Board of International Bank for Reconstruction and Development (IBRD) approved the deal.
IBRD has stated that almost 70% of the financing should be made available to state governments for priority projects and the Growth Acceleration Programme. Overseas investors are planning to buy property for sale in Brazil will be increased as the infrastructure improvements across the country would indirectly support investors by raising the appeal of certain locations.
The recent surge of tourists would kick-start growth in the Brazil economy, with the holiday industry being the key player. The burgeoning tourist trade are driving property prices upwards and offers investors the chance for strong returns on their investment.
Louise Brown on an interview to The Telegraph has said that foreign property buyers would be able to enter the market at a relatively low price, since it is considerably cheap to invest in Brazil at the moment. Property Frontiers said that property and land prices are rising but still reasonably priced and investors in rental properties could expect returns of about ten per cent a year.
Labels: Buying-property, Investment-property
