Morgan Stanley recommends Brazil 'a good option'
Tuesday, June 10, 2008
Overseas investors have been advised that recent problems in the global economy could ultimately work in their favor as many developers are failing to meet their sales quotas. Property investors in the current economic climate could find themselves well-placed to negotiate a good price.
Morgan Stanley's head of emerging markets, Jonathan Garner explained the reason he is advising investors to make land and property sector investments in countries such as Brazil is that the credit crunch has not affected these emerging markets. He further added that the banks are in good shape and the households are not overextended. Property experts have said that Brazilian market's real estate laws are designed to support property purchasers and make them self-assured about the security of their investment.
Mr. Garner's claim is further supported by figures compiled by the Reuters, which showed that household debt to GDP ratio in Brazil is less than ten per cent whereas in UK it is above 100 percent. Brazil is effectively weathering the storm created by the downturn in the global economy.
NuWire Investor recently recommended North-east Brazil which said its growing tourist trade and strong economy makes it a good location for investors to consider.
Social BookmarkingMorgan Stanley's head of emerging markets, Jonathan Garner explained the reason he is advising investors to make land and property sector investments in countries such as Brazil is that the credit crunch has not affected these emerging markets. He further added that the banks are in good shape and the households are not overextended. Property experts have said that Brazilian market's real estate laws are designed to support property purchasers and make them self-assured about the security of their investment.
Mr. Garner's claim is further supported by figures compiled by the Reuters, which showed that household debt to GDP ratio in Brazil is less than ten per cent whereas in UK it is above 100 percent. Brazil is effectively weathering the storm created by the downturn in the global economy.
NuWire Investor recently recommended North-east Brazil which said its growing tourist trade and strong economy makes it a good location for investors to consider.
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