Brazilians are the most optimistic in the world when it comes to their country's prospects of economic recovery, which will benefit property owners in the country, according to a finance president.

According to News agency ANBA, Salim Taufic Schahin, Arab Brazilian Chamber of Commerce president, speaking at a conference in Turkey said that there is good feeling in the country thanks to investment opportunities which are being presented following recent sporting hosting decisions including winning bids to host the football World Cup in 2014 and the Olympics in 2016.

The president said that the good perception of the country, which is set to boost Brazilian real estate owners as the country continues to pull through the recession, economic analysts have expanded their projections for the GDP of the country, rising from 4.2 per cent to 4.5 per cent. Earlier this estimate stood at just four per cent.

He commented: "Much investment should come and we will have an important flow of capitals and lines of credit opened."

In what could be good news for Brazilian property investors, a survey undertaken by the WIN Network found that Brazilians had the most positive outlook for the next three months, believing their financial situations will improve in that time and the respondents from the South American country also trusted their government to steer the country through the recession, according to the Guardian.

Labels: Buying-property, Latest-News

Up and down the thousands of miles of Brazilian coastline lie literally thousands of beaches, from the internationally famous to the seductively secluded and these Stunning beaches are the USP for Brazilian property market, according to a travel expert.

According to travel website Gadling.com, Grant Martin said that the Ipanema and Copacabana beaches are among the best and are easily accessible by public transportation.

Copacabana beach is one of the most famous in the world, standing at four km long, with 63 hotels and ten hostels running alongside it. Located within the city confines of Rio de Janeiro, this beach serves up an animated menu of activities and sights as lengthy as its coastline. The allure of the wide, white sand beach, the affable locals or Cariocas, round the clock parties, sumptuous restaurants, lively bars and music and night clubs all at very reasonable prices can all be deliciously tempting the tourists at this prominent South American retreat.

Just up the coast from Copacabana sits the more upscale and chic though equally lively beach of Ipanema, The water is calmer and more inviting to the casual swimmer. The kiosks, bars, cafes and stands which are so pronounced at Copacabana are also accessible at Ipanema but not as prevalent.

Ipanema beach is beyond trendy, its trend setting and the beach should not be missed especially around Carnival when many opt to celebrate on the streets of Ipanema forgoing the parades on the Sombrodromo.

Mr. Martin said that those Brazilian real estate owners could be drawn to the beach culture of the country, as there were plenty of stylish restaurants and bars to choose from to enjoy in the evening. Rental Property owners in Brazil are also benefiting from the number of sun seekers who are visiting the country year round.

Labels: Beaches, Buying-property

Spanish bank Santander aims to raise as much as 13.1 billion reais ($7.2 billion) through the initial public offering of its Brazilian unit, giving the Spanish bank more heft to take on rivals in Latin America's largest economy.

Banco Santander SA, Spain's largest bank, will sell 525 million units at 22 reais to 25 reais. Each unit will include 55 common shares and 50 preferred shares. The offering, managed by Credit Suisse AG, is equivalent to 16.2 percent of the current capital of the Brazilian unit.

Daragh quinn, an analyst at Nomura International in Madrid said that the maximum amount is slightly higher than the expectation and it may be an indication of strong demand. She added that the sale will strengthen Santander's capital position and will help fund possible growth opportunities in Brazil.

Santander Chairman Emilio Botin said that the bank planned to invest 2.56 billion reais in Brazil and open 400 branches as it seeks to become the country's biggest non- government lender. The bank, based in the Spanish city of the same name, has a market share of 10.2 per cent with over 3,600 branches across the country, having expanded via six domestic takeovers in the past 12 years.

In a boost to Brazilian property owners, who have seen the country's economy pulling itself out of recession in the second quarter thanks to a rebound in the industrial and service sector. According to data from Dealogic, if successful, the listing would be the biggest in Brazil and rank as the second-biggest in the world this year, behind the $7.34 billion IPO of China State Construction Engineering Corp.

Labels: Economy

Buying a land plot in Brazil could be sound financial investment despite the current economic downturn, according to an industry expert.

Tim Morgan, managing director of Emerging Real Estate claimed Brazilian property property provides a 16 per cent return over two years and added that clients can buy land plots with a low entry cost could be the perfect choice for property investors.

"As touted by all the economic experts, Brazil currently represents the best buy. The high price of property and adverse credit conditions across the globe mean that many investors are re-analysing their strategies and are less likely to layout large capital sums," he added. Mr Morgan suggested Cocoa Beach, on the Brazilian coast, for foreign investors as it is set on golden sands and allows them to reap the benefits of short-term capital gain before deciding whether to sell the land or set up their dream holiday home.

Liam Bailey, from Write about Property, said that winter is a great time to purchase a property in Brazil as the colder weather drives more people to consider buying a holiday home abroad. Many people choose to buy property in the northeast of the country, as it is an established yet growing tourist destination with year round sunshine. So, as part of your research, you should be looking at how popular an area is with the Brazilians themselves.

Increased availability of financing and recent media reports have forecasted growth in Brazil's mortgage market, which, being only two years in the making also has helped to increase Brazilian property values. Given that the Brazilian real estate ranks second in the world for capital appreciation, based on the research from the Association of Foreign Investors in Real Estate, it is no wonder that overseas investors are showing interest in the country.

Labels: Buying-property, Land