Brazil property market experiences increased confidence
Monday, September 21, 2009
The Brazilian economy is "recovering faster than the developed, industrialized nations" and it has been told that confidence is returning to the global property market by an industry expert.
Paul Collins, editor at BuyAssociation, said that there was evidence of increased consumer confidence. He added that Just about every government out there has taken some fairly substantial measures to protect their economy and to protect property prices as part of that. Hopefully this will lead to more Brits feeling confident enough to buy overseas again and get back on the foreign property market.
Brazil's strict banking rules are being looked on as a good example, as the G20 leaders will meet in Pittsburgh on September as they look to back up their call to toughen regulation on key financial institutions and to minimize the risk of future financial crises. The group was set up in 1999 to promote discussion between emerging-market countries, such as Brazil, on issues related to global economic stability.
According to Reuter's reports, Ceres Lisboa, a senior banking analyst at credit ratings agency Moody's Investors Service, in Sao Paulo, said that Brazilian banks are coming out well because of the strong regulation in the financial system, which avoided a liquidity crisis in local markets and solvency problems. Brazil managed to come through the recession without major bankruptcies or nationalizations which has helped to make it a good prospect for people wanting to buy Brazilian property.
Brazilian president Luiz Inacio Lula da Silva speaking at a conference in Brasilia has insisted that the country's economy is showing more signs of recovering, which could be good news for Brazilian property investors.
The president added that although interest rates currently stand at historic lows, it is "desirable and possible" for the central bank to make further cuts in order to stimulate the economy. The Selic rate has been reduced from 13.75 per cent in December to its present 8.75 per cent level, According to Reuter's reports.
Social BookmarkingPaul Collins, editor at BuyAssociation, said that there was evidence of increased consumer confidence. He added that Just about every government out there has taken some fairly substantial measures to protect their economy and to protect property prices as part of that. Hopefully this will lead to more Brits feeling confident enough to buy overseas again and get back on the foreign property market.
Brazil's strict banking rules are being looked on as a good example, as the G20 leaders will meet in Pittsburgh on September as they look to back up their call to toughen regulation on key financial institutions and to minimize the risk of future financial crises. The group was set up in 1999 to promote discussion between emerging-market countries, such as Brazil, on issues related to global economic stability.
According to Reuter's reports, Ceres Lisboa, a senior banking analyst at credit ratings agency Moody's Investors Service, in Sao Paulo, said that Brazilian banks are coming out well because of the strong regulation in the financial system, which avoided a liquidity crisis in local markets and solvency problems. Brazil managed to come through the recession without major bankruptcies or nationalizations which has helped to make it a good prospect for people wanting to buy Brazilian property.
Brazilian president Luiz Inacio Lula da Silva speaking at a conference in Brasilia has insisted that the country's economy is showing more signs of recovering, which could be good news for Brazilian property investors.
The president added that although interest rates currently stand at historic lows, it is "desirable and possible" for the central bank to make further cuts in order to stimulate the economy. The Selic rate has been reduced from 13.75 per cent in December to its present 8.75 per cent level, According to Reuter's reports.
Labels: Buying-property, Market-Trends
