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Mass-foreign investment in Brazil

Sunday, August 24, 2008

Overseas investors considering property for sale in Brazil could be interested to hear the nation is being tipped again as the right place for investments.

Luiz InĂ¡cio Lula da Silva said that the newly acquired investment grading would act as an enticement for foreign investment and those who are planning to buy property for sale in Brazil. The grading will unleash additional flows to the country, reports Mercopress.

The rating reflects a spectacular development in the country's private and public sector balance sheet that has made Brazil increasingly resilient to global credit crunch and improved the credibility of its macroeconomic policy framework. Property experts consider Brazil has the freest and most investor-orientated regulations in the world that makes it a good location for overseas property investors to consider.

Bloomberg has reported that the Brazil's export diversity meant it is a dependable place to invest making it less vulnerable than other rising markets. The Brazilian Society of Transnational Corporations and Economic Globalization (Sobeet) has said that the reclassification should afford further encouragement to the entry of foreign investment. Luis Afonso Lima, the president of Sobeet has commented that in certain countries the FDI rose enormously after getting the 'investment grade'

This comes after the news that recently the Wall Street Journal described the Latin American country as one of the world's most investor-friendly nations.

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posted by EstatesNewz, 12:42 AM

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