Brazil to attract more foreign investors

Independent property analysts have predicted a surge of interest in the Brazilian market in the near future.

According to NuBricks.com, Standard and Poor's has just upgraded the country's credit rating to triple-B-minus.

This has prompted the website to suggest that this will lead to renewed interest in the South American nation among foreign investors.

Experts at the online portal believe that the current demand for residential property in Brazil will continue to increase.

However, this latest development means that property firms will now be able to reduce the sale price of many of their offerings.

Therefore, investors could be able to enter a fast-growing market at a much lower price.

NuBricks.com remarked: "With greater economic prosperity comes an improved property market and the potential for capital growth."

This comes after the website revealed that the Brazilian economy is likely to experience growth of about 4.8 per cent this year.