European investors 'discovering' Brazil

Article Date : 10 September 2007

A growing number of European investors are choosing to purchase properties in the emerging Brazilian market, it has been claimed.

Offering greater "exclusivity" than the developed markets in Dubai and Spain, the Brazilian property sector is attracting buyers pursuing several investment strategies, according to a spokesperson for Knight Frank.

Emerging markets usually offer higher gross profits in the short to medium-term, he suggested, stating that this is one reason people are buying second homes in Brazil.

Additionally, owner-occupiers choose to buy in such markets when they are "looking for value", he said.

Research by Goldman Sachs has indicated that Brazil will be among a number of developing economies that are set to become a "larger force" globally.

The firm claimed that within the next 50 years, the combined economies of Brazil, Russia, India and China could potentially be larger than the G6 countries in US dollar terms.

Tags:

Brazil, China, Dubai, Goldman Sachs, India, Knight Frank, Russia, Spain

European investors 'discovering' Brazil

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