Brazil sparks developer interest

Property markets in South America are set to receive a welcome boost as developer interest in the region grows, it has been revealed.

Among the countries likely to benefit from the newfound interest in their emerging markets are Brazil, Panama and Argentina.

According to a report by Property Wire, over 100 builders and developers are preparing to visit the regions to look at local real estate markets, with opportunities and joint ventures being sought.

Masood Naseeb, chief executive of developer Elysian International, claimed that massive appreciation on land values are predicted in the country.

"Brazil's stock market was up by 83 per cent last year alone which is a clear indicator of the strength of the economy and the resulting positive growth of the real estate market," he added.

"Investment opportunities in the region are highly in demand as investors and developers see the huge potential for profit."

Furthermore, the Brazilian property market is likely to benefit from the country's hosting of two major sporting events within the next six years.

The 2014 FIFA World Cup and 2016 Olympic Games are sure to boost tourism and push prices up in the country.

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