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Brazil's housing industry has shown strong growth

Date : (News Section: Brazil)

Brazil's housing industry has shown strong growth

Property investors are overlooking the strength of Brazil's housing industry, it has been claimed.

According to Guilherme Reboucas, a money manager at Itau Unibanco Holding SA, the country is enjoying strong economic and real estate growth, Bloomberg has reported.

Individuals looking for property in Mato Grosso may be interested to learn that the country's economy is expected to expand by 6.5 per cent this year - its fastest growth for over two decades.

Furthermore, house values in the country are continuing to rise, with the cost of a new apartment in Sao Paulo up 22 per cent per square metre in comparison to a year ago.

"There have been times when you had to look at the smaller homebuilders to find value, but now you can basically buy anything in the sector," Mr Reboucas told the news provider.

Last year, property investors from the UK spent in excess of £30 million on property in the South American destination, Overseas Property Professional has reported.


Article by +Steve Binge on behalf of

Read More

  1. 03 June 2014 - The Most Attractive Market for Property Investors
  2. 06 May 2014 - Brazil Continues Its Expansion Ahead of 2014 World Cup
  3. 20 February 2014 - Brazil Property Facing Up to Potential Bubble
  4. 13 February 2014 - Brazilian Property Market to Hold Strong in 2014
  5. 19 December 2013 - Investors show appetite for South American property

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