FDI boosts confidence in Brazil's property market
Saturday, August 9, 2008
People considering buying property in Brazil could be interested to hear that foreign direct investment (FDI) in Brazil has been increased, the country's bank has revealed.
Nearly $152 billion (£76 billion) is invested in Brazil by the US and the UK in 2006.US top the table in foreign investment in Brazil, accounting for 47.8 per cent with the UK coming in second at 22.1 per cent. A study by the Brazilian Central Bank found that $34.616 billion (£18 billion) was invested in 2007 while the total FDI for the whole of 2006 was $18.782 billion. The report stated the services sector had received greater volume of funds which suggests that tourism in Brazil is booming. Brazzil mag has reported that Analysts are predicting that Brazil will receive foreign investment of $33 billion (£17 billion) this year.
Altemir Lopes, Head of the central bank's economic department told Bloomberg that the huge inflows exude confidence on the economic fundamentals of Brazil. Meanwhile the central bank's predicts Brazil's economy will boom further as it improved its projected economic growth from 4.66 per cent to 4.69 per cent recently. Overseas property investors looking at property for sale in Brazil could be interested to look at the Latin American country's strong economic indicators.
The IMF's World Economic Outlook Housing and the Business Cycle 2008 report revealed the massive housing growth last year in Brazil and it predicts a rise of 4.4per cent this year.
Social BookmarkingNearly $152 billion (£76 billion) is invested in Brazil by the US and the UK in 2006.US top the table in foreign investment in Brazil, accounting for 47.8 per cent with the UK coming in second at 22.1 per cent. A study by the Brazilian Central Bank found that $34.616 billion (£18 billion) was invested in 2007 while the total FDI for the whole of 2006 was $18.782 billion. The report stated the services sector had received greater volume of funds which suggests that tourism in Brazil is booming. Brazzil mag has reported that Analysts are predicting that Brazil will receive foreign investment of $33 billion (£17 billion) this year.
Altemir Lopes, Head of the central bank's economic department told Bloomberg that the huge inflows exude confidence on the economic fundamentals of Brazil. Meanwhile the central bank's predicts Brazil's economy will boom further as it improved its projected economic growth from 4.66 per cent to 4.69 per cent recently. Overseas property investors looking at property for sale in Brazil could be interested to look at the Latin American country's strong economic indicators.
The IMF's World Economic Outlook Housing and the Business Cycle 2008 report revealed the massive housing growth last year in Brazil and it predicts a rise of 4.4per cent this year.
Labels: Economy, Overseas-property, Tourism
