Brazil primed for significant capital growth in 2009

Investors in Brazilian property are set to benefit from significant levels of capital growth over the coming year, a leading industry conference has heard.

Speaking to delegates at a recent event in Israel, property mogul Sam Zell revealed that he expects the Latin American country to offer the greatest levels of overseas property growth in 2009.

Indeed, the potential of the emerging market in Brazil is such that this growth is likely to outstrip that of the Middle East and Eastern Europe, investors from across the globe were advised.

According to The Move Channel, Mr Zell explained that Brazil has "political stability, natural resources... and a relatively low cost of entry today".

These comments come soon after Dilma Rousseff, chief of staff for Brazilian president Luiz Inacio Lula da Silva, reported that not only is the nation's economy sufficiently robust to survive the current global downturn but he expects it to emerge from the crisis stronger than ever.

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