Foreign investors in real estate expect to spend significantly more around the world, particularly in Brazil in 2009 than they did in 2008, according to reports.

The 17th Annual AFIRE (Association of Foreign Investors in Real Estate) Foreign Investment Survey conducted by the James A. Graaskamp center for Real estate at the Wisconsin School of Business placed Brazil 2nd in countries offering the best opportunity for capital appreciation. Brazil moved 10 places to replace China as the second best opportunity for capital appreciation behind the U.S.

According to figures from the United Nations Conference on Trade and Development, Foreign direct investment in Brazil amounted to $41.7 million last year compared to $34.6 million in 2007. Meanwhile, Michael Sutton of Write about Property said that Brazil property is to double in value over the next five years. He explained that Brazil growing into one of the fifth largest economies in the world over the next 5 years, this would see Brazil property grow from its current price to prices similar to those found in the world's bigger economies.

According to the Daily mail, Paul Irvine, co-founder of Dehouche said that Brazil continues to be considered the country with the most stable and secure real estate investment opportunities and the leading market for capital appreciation. "Most investors are motivated by capital appreciation - prices have been going up steadily - and the lifestyle. Brazil's all about living life to the full," he asserts.

Labels: Investment-property, Lifestyle