China Construction Bank targets Brazil
Saturday, June 27, 2009
China Construction Bank (CCB), the world's second-biggest bank by market value, revealed that it intends to set up branch offices in fellow BRIC nations Brazil, India and Russia, according to reports.
Guo Shuqing, chairman of the China Construction Bank said that CCB signed a memorandum of understanding that is expected to lead to an agreement to provide US conglomerate General Electric Co with banking services in China and for cross-border financing.
After saying he "certainly" wanted to open branches in Brazil, Mr. Guo said this is due to a reluctance to develop into other nations. He commented: 'I think that in the developed countries, the financial sector is overdeveloped, there is over banking'. According to Reuter's reports, the company intends to add ten more branches in the next ten years, which may boost the availability of banking services to property investors in Brazil.
Meanwhile, Michael Sutton, reporting for Write about Property stated that Brazil grows into one of the world's largest economies; property will grow in value until prices are similar to what they are in the developed economies. He added that one-bedroom flat in Rio de Janeiro, which would currently cost around £80,000and the same property would be priced at approximately £150,000 in London at the moment, which suggests the potential for 100 per cent growth in the next five years.
Social BookmarkingGuo Shuqing, chairman of the China Construction Bank said that CCB signed a memorandum of understanding that is expected to lead to an agreement to provide US conglomerate General Electric Co with banking services in China and for cross-border financing.
After saying he "certainly" wanted to open branches in Brazil, Mr. Guo said this is due to a reluctance to develop into other nations. He commented: 'I think that in the developed countries, the financial sector is overdeveloped, there is over banking'. According to Reuter's reports, the company intends to add ten more branches in the next ten years, which may boost the availability of banking services to property investors in Brazil.
Meanwhile, Michael Sutton, reporting for Write about Property stated that Brazil grows into one of the world's largest economies; property will grow in value until prices are similar to what they are in the developed economies. He added that one-bedroom flat in Rio de Janeiro, which would currently cost around £80,000and the same property would be priced at approximately £150,000 in London at the moment, which suggests the potential for 100 per cent growth in the next five years.
Labels: Latest-News, Rio-de-Janeiro
Rio de Janeiro Carnival to kick off next month
Sunday, February 1, 2009
The world-famous Rio de Janeiro Carnival to kick off next month, Brazilian property investors may be interested to learn as the number of foreign visitors heading to Brazil is set to increase.
According to the Telegraph, the event begins on Friday February 20th and continues with street parades until the following Tuesday. The Magazine described it as "the carnival to end all carnivals." Rio de Janeiro is the second largest in Brazil with a population of over 15 million people. People from around the world visit Rio de Janeiro to enjoy its world famous carnival and to enjoy its best beaches like Copacabana.
The Rio Carnival official website states that the event brings approximately 500,000 foreign visitors to the city every year. The Rio Carnival is not only the biggest carnival but also it sets a benchmark against which every other carnival and also one of the most interesting artistic events on the globe. Rio’s property market is attracting institutional investors, bringing in more funds and expertise due to high local demand. The Popular areas for these investors within the city include the luxurious districts of Ipanema and Leblon and the resorts of Búzios and Angra dos Reis, away from the city.
The government is pro-actively investing resources and developing infrastructure to help position Rio de Janeiro as one of the world's premier holiday locations. These initiatives should lead to increased tourism trade and a more buoyant property market.
According to the Telegraph, the event begins on Friday February 20th and continues with street parades until the following Tuesday. The Magazine described it as "the carnival to end all carnivals." Rio de Janeiro is the second largest in Brazil with a population of over 15 million people. People from around the world visit Rio de Janeiro to enjoy its world famous carnival and to enjoy its best beaches like Copacabana.
The Rio Carnival official website states that the event brings approximately 500,000 foreign visitors to the city every year. The Rio Carnival is not only the biggest carnival but also it sets a benchmark against which every other carnival and also one of the most interesting artistic events on the globe. Rio’s property market is attracting institutional investors, bringing in more funds and expertise due to high local demand. The Popular areas for these investors within the city include the luxurious districts of Ipanema and Leblon and the resorts of Búzios and Angra dos Reis, away from the city.
The government is pro-actively investing resources and developing infrastructure to help position Rio de Janeiro as one of the world's premier holiday locations. These initiatives should lead to increased tourism trade and a more buoyant property market.
Labels: Rio-de-Janeiro, Travel
Brazil attracts cosmetic vacationers
Sunday, June 15, 2008
The growth of medical tourism in Brazil is creating abundant opportunities for overseas property investors.
The rennet trend of the People who intend to have medical procedures carried out at a reduced price and seeking cosmetic surgery combine the procedures with a holiday on Brazil's sandy beaches has increased. This could potentially have an impact on Brazil's property market, as the need for affordable good-quality housing has increased. The house prices across the country are expected to rise by at least eight per cent in 2008.
The Irish Independent reports that Rio de Janeiro has become an increasingly trendy destination for this type of cosmetic holiday. Michael Boeckle, of CosmeticVacations, in an interview to the paper has commented that more people are choosing Rio as a holiday destination for transforming them in the process by seeking sunshine with surgery.
This marks a sharp contrast with many emerging markets across the world, as Brazil is considered to be an investment hotspot and also a lifestyle destination.
Recently independent analysts Amberlamb recommended properties in Brazil and said Brazil has fantastic fiscal fundamentals supporting its housing market.
The rennet trend of the People who intend to have medical procedures carried out at a reduced price and seeking cosmetic surgery combine the procedures with a holiday on Brazil's sandy beaches has increased. This could potentially have an impact on Brazil's property market, as the need for affordable good-quality housing has increased. The house prices across the country are expected to rise by at least eight per cent in 2008.
The Irish Independent reports that Rio de Janeiro has become an increasingly trendy destination for this type of cosmetic holiday. Michael Boeckle, of CosmeticVacations, in an interview to the paper has commented that more people are choosing Rio as a holiday destination for transforming them in the process by seeking sunshine with surgery.
This marks a sharp contrast with many emerging markets across the world, as Brazil is considered to be an investment hotspot and also a lifestyle destination.
Recently independent analysts Amberlamb recommended properties in Brazil and said Brazil has fantastic fiscal fundamentals supporting its housing market.
Labels: Holiday-rentals, Overseas-property, Rio-de-Janeiro, Tourism
Brazilian property investment fuelled by the discovery of oil
Friday, May 2, 2008
Petrobras, Brazil's state-controlled oil company has discovered in the Santos Basin in the southeast of the country around eight billion barrels of light oil, which could catapult Brazil on the map as a major exporter of oil. The oil resource which was found in the Tupi field could represent 40 per cent of the total oil reserve in Brazil and affords a huge economic boost for Brazil. These oil and gas discoveries in the last 3 months off the coast of Rio de Janeiro will make Brazil break into the top ten list of oil producing nations.
Business Week has reported that the Tupi oil field is 155 miles off the coast of southern Brazil and is the biggest oil find since 2000. Rodrigo de Azeredo Santos, head of the Trade Promotion Programs Division of the Ministry of External Relations has said in an interview that Brazilian oil reserves, biofuels and availability of hydroelectric power generation are added guarantees that Brazilian property investment is safer due to the assurance that energy will be available to sustain the economic growth. The oil discoveries are so important for property investors in Brazil as similar oil boom in Dubai and Norway have regularly seen their property market post record price increases annually.
Brazil's property market is now in good shape for overseas investors. According to Jose C. Santiago, licensed and certified attorney of law in Brazil in his portal LawOfficeInBrazil.com has stated that the country is a buyer's market, with low prices because there are more homes for sale than there are buyers. The demand for property in Brazil is expected to increase by approximately 900,000 units each year.
Overseas investors looking for good property returns with relatively low-entry costs may consider investing in Brazil following the oil discovery, which may strengthen the country's economy and in turn raise property prices. Business week has reported that Brazil is a smart place to invest. It is a self-reliant country on the energy front, a position that has been further strengthened by the recent discovery of new oil fields.
Social BookmarkingBusiness Week has reported that the Tupi oil field is 155 miles off the coast of southern Brazil and is the biggest oil find since 2000. Rodrigo de Azeredo Santos, head of the Trade Promotion Programs Division of the Ministry of External Relations has said in an interview that Brazilian oil reserves, biofuels and availability of hydroelectric power generation are added guarantees that Brazilian property investment is safer due to the assurance that energy will be available to sustain the economic growth. The oil discoveries are so important for property investors in Brazil as similar oil boom in Dubai and Norway have regularly seen their property market post record price increases annually.
Brazil's property market is now in good shape for overseas investors. According to Jose C. Santiago, licensed and certified attorney of law in Brazil in his portal LawOfficeInBrazil.com has stated that the country is a buyer's market, with low prices because there are more homes for sale than there are buyers. The demand for property in Brazil is expected to increase by approximately 900,000 units each year.
Overseas investors looking for good property returns with relatively low-entry costs may consider investing in Brazil following the oil discovery, which may strengthen the country's economy and in turn raise property prices. Business week has reported that Brazil is a smart place to invest. It is a self-reliant country on the energy front, a position that has been further strengthened by the recent discovery of new oil fields.
Labels: Investment-property, Latest-News, Rio-de-Janeiro
Neighbourhood of Rio de Janeiro, fast emerging as hot property destination
Friday, March 7, 2008
The neighbourhood of Rio de Janeiro is now being considered as a profitable property investment.
The Leblong district, located along the sandy beaches of Rio, is fast emerging as a hot place for the rich and famous to make frequent visits, thanks to 'rarity fuel booms', reports the International Herald Tribune (IHT).
Leblon has experienced a 15 percent increase over the past three years, and most areas in the Southern Rio too, have witnessed similar 'strong growth' in real estate values.
Jose Conde Caldas, the President of the Commission for Urban Development at the Association of Real Estate Company Directors in Rio, while describing the nature of investment in this region, mentioned that the wealthy and famous, wish to live in Jardim Pernambuco, due to its fierce security, and an exceptionally high capital growth, that averages around 45 percent during the past three years.
"People here, purchase a house and demolish it, to obtain the exact kind of property in which they wish to live there. An amount of even upto $4 million is said to have been spent on a house, which was bulldozed immediately."
The expert researcher of the Property Investor and Homebuyer Show, had described Brazil as an emerging posed country, which is one the verge of a property boom.
Social BookmarkingThe Leblong district, located along the sandy beaches of Rio, is fast emerging as a hot place for the rich and famous to make frequent visits, thanks to 'rarity fuel booms', reports the International Herald Tribune (IHT).
Leblon has experienced a 15 percent increase over the past three years, and most areas in the Southern Rio too, have witnessed similar 'strong growth' in real estate values.
Jose Conde Caldas, the President of the Commission for Urban Development at the Association of Real Estate Company Directors in Rio, while describing the nature of investment in this region, mentioned that the wealthy and famous, wish to live in Jardim Pernambuco, due to its fierce security, and an exceptionally high capital growth, that averages around 45 percent during the past three years.
"People here, purchase a house and demolish it, to obtain the exact kind of property in which they wish to live there. An amount of even upto $4 million is said to have been spent on a house, which was bulldozed immediately."
The expert researcher of the Property Investor and Homebuyer Show, had described Brazil as an emerging posed country, which is one the verge of a property boom.
Labels: Rio-de-Janeiro
