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Brazilian market attracting new investors

Article Date : Monday, July 16, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Brazil's property market is showing fresh signs of appeal to international investors, attracting a range of new buyers due to healthy market conditions and a positive economic climate, it has been claimed.

The market has shown positive signs of growth over the past year, which, when combined with relatively cheap property, makes the country an appealing prospect for investors looking for lucrative opportunities.

According to Obelisk International, house prices have risen in Brazil during recent years at a rate of 20 per cent per annum. Meanwhile foreign investment into Brazil has grown in line with economic growth, pointing toward further positive growth in the future.

This is reflected by figures cited in the New York Times suggesting that foreign investment into Brazil has reached $4.8 billion (£2.4 billion) since September 2005, while interest rates have fallen from 25 per cent to two per cent since 2003.

In addition, improved air connectivity has made it easier for investors to travel to and from Brazil, extending the options for overseas property investors looking beyond Europe.
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