Real Estate & Construction News in Brazil from Propertyshowrooms.com

Brazil achieving 'full employment'

Wed, 22 Dec 2010 00:00:00 GMT

President of Brazil Luiz Inacio Lula da Silva has said that the country is close to achieving full employment.

The news could be welcomed by those looking to buy property in Brazil as an investment as the news could lead to more people in the country looking to buy a home.

Brazil's unemployment rate fell to a record 5.7 per cent in November, down from six percent the month before, the country's national statistics agency said recently.

According to Lula, this will be a persistent pattern as more people in Brazil find work.

"We are in a full employment pattern," Bloomberg quotes him as saying in his weekly radio programme broadcast nationwide.

"The unemployment number will continue to drop," he added.

It follows recent comments by Zeca Grabowsky, chief executive of Brazil's largest real estate developer PDG.

Speaking at the Reuters Brazil Investment Summit in Rio de Janeiro, he dismissed claims that the Brazil property market was experiencing a bubble, saying that growth was being driven by real demand from people looking to buy a home for the first time.

Development in Brazil will 'change real estate market'

Fri, 5 Nov 2010 00:00:00 GMT

Development and regeneration of parts of Brazil's second largest city is set to change the real estate market in the country.

According to the Brazilian Institute of Architecture, bidding is to begin for a facelift for parts of Rio de Janeiro.

Real estate professionals believe that the refurbishment will have a knock-on effect on property prices both in the areas where the work is to be done and in surrounding regions.

The results of a recent study undertaken by the Brazil Real Estate & Land Investment Guide show that rental figures in the city have also witnessed a rapid increase.

"People are struggling to find good rental accommodation, particularly close to the beaches in the south zone such as Copacabana, Leblon and Ipanema, property owners have therefore upped their rates which are often doubled at Christmas, New Year and during the annual carnival in February," explained Ruban Selvanayagam.

Meanwhile, the Brazilian Tourist Office recently announced that there have been an "amazing" number of visits to the country's tourism website.

Brazil real estate and construction 'to boom'

Mon, 1 Sep 2008 00:00:00 GMT

Investment in Brazilian property and construction should grow by $328 billion (£165 billion) over the course of the next three years, it is being claimed.

The Brazilian Development Bank (BNDES) forecasts overall investment is likely to grow by 21 per cent during the period from 2008 to 2011, according to ANBA.

Addressing...

Brazilian shopping centres boom

Wed, 23 Jul 2008 00:00:00 GMT

People looking at property for sale in Brazil could be interested to hear the nation's shopping mall sector is booming and employs close to one million workers, it has been reported.

The country's Association of Shopping Centres (Abrasce) is now taking its know-how abroad to teach Botswanians a lesson on the ..........

Brazilian airports 'should improve before World Cup'

Wed, 23 Jul 2008 00:00:00 GMT

An official in the Brazilian aviation sector has said the South American nation's airports need to be improved before the FIFA 2014 World Cup.

The football tournament will be staged in cities such as Rio de Janeiro and Sao Paulo, prompting a surge in the number of people flying into these regions.

Therefore, Adalberto Febeliano executive vice president of the Brazilian Association of General Aviation has said the existing transport network needs to be improved, AAP reports.

He said monthly passenger numbers could go up from four million to eight million by the time of the event, as people will be travelling across Brazil to watch different games.

"We need to modernise our airports and build new airports," Mr Febeliano commented.

"If we don't, when the World Cup arrives we won't have time to accommodate the passengers."

The 2014 World Cup will mark the second time that the country has hosted the football tournament.

Brazil is also in the running to host the Olympic Games two years later.

Brazils investment climate praised by business-170708

Thu, 17 Jul 2008 00:00:00 GMT

An official at a US-based fast food chain has highlighted the investment potential which Brazil currently offers.

Carl's Jr has recently decided to set up establishments in both Rio de Janeiro and Sao Paulo, choosing them in preference over other emerging markets.

Speaking of the decision to invest in Brazil, spokesperson Mike Stout revealed that it has many factors in its favour.

He told the Christian Science Monitor that people in the South American nation are becoming increasingly affluent, which his leading to more and more people moving into the middle class.

He continued: "The economy is growing and inflation is stable. From a business perspective, we love the market."

According to Gulf Weekly, the South American country is "holding its own" despite the current economic downturn in the US.

This, it stated, is good news for overseas property buyers who have invested in the Brazilian housing market.

Brazil aims to step up overseas marketing-110708

Fri, 11 Jul 2008 00:00:00 GMT

Tourism authorities in Brazil have outlined their intention to raise the profile of the country overseas.

According to tourism institute Embratur, plans to market different aspects of the South American nation are currently being considered.

Jeanine Pires, president of the organisation, said the main focus will be on highlighting Brazil's natural and cultural diversity.

This, she stated, would help it to illustrate the modern lifestyle of the Brazilian people.

Ms Pires commented: "We want to draw attention to the possible experiences on offer in our sensational country at any time of year."

She added that Embratur also wants to increase the frequency of international flights in order to generate more employment and attract more visitors.

This could also stimulate growth in Brazil's housing market, a development which would be likely to attract the attention of overseas property investors.

Brazil was recently described by NuBricks.com as an "overseas property hotspot" which offers "untapped potential" to investors.

Brazil presents investment opportunities

Thu, 10 Apr 2008 00:00:00 GMT

Brazil's potential as a good invest market has been outlined by a property developer in the country.

Invest Tur stated that the South American nation has a diverse range of attractions to offer, such as history, good beaches and natural beauty, Market Watch reports.

However, the firm added that since the country is hosting the football World Cup in 2014, it also offers other benefits to investors.

Carlos Novis Guimaraes, chairman of the board at Invest Tur, highlighted the extra investment in infrastructure upgrades as one example, along with a likely increase in tourism.

This should push up demand for rental accommodation in many of Brazilian property's main hotspots, which could enhance its appeal to overseas property investors.

Mr Guimaraes commented: "From the Amazon to tropical forests to colonial history to beaches, it's a myriad of natural and very high-level attractions that have been vastly underdeveloped."

Brazil's government recently revealed that the country's economy expanded by 5.4 per cent last year.

European investors 'discovering' Brazil

Mon, 10 Sep 2007 00:00:00 GMT

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.

Brazilian property offers "exciting" opportunities

Fri, 13 Jul 2007 00:00:00 GMT

Development and rich natural resources are creating interest in Brazil as a top investment opportunity, a property expert as claimed.

The move by major tour operators to establish their presence in Natal plus the completion of the region's new airport could turn it into an exciting emerging market, according to Anthony Fernandes, director of SPC Overseas.

"One has to realise that Brazil is the sixth most populous country in the world and is strongly tipped by Goldman Sachs to become one of the world's most dominant economies," he told Easier.com.

"This potential for enormous growth is underpinned by its vast natural resources."

Current market growth is between 20 per cent and 30 per cent a year, the news provider reports.

Hetal Shah from Investors Provident said that a beachfront apartment in Brazil could cost as little as £50,000 and confirmed that Brazil was among several emerging markets, including Morocco, which were generating a lot of investor interest.

Brazil highlighted as investment hotspot

Tue, 27 Mar 2007 00:00:00 GMT

Newly developing markets such as Brazil are a good place for investors to make a profit, one expert has said.

Investors should look to markets where demand for property outweighs supply, such as Brazil, according to Escapes2.

New markets where the economy is growing and the government supports foreign investment are the best opportunities for investors, said managing director Adrian McDermott.

But investors need to get onto the market at the earliest possible stages, when demand is highest and before the property market becomes oversupplied, he advised.

He singled out Brazil as offering excellent potential: "There's a new airport going in the north-east of Brazil.

"The government is investing a lot of money in infrastructure and actively targeting foreign investment in the country. It's got one of the fastest growing economies in the world."

Brazil is the ninth most popular investment location, according to foreign exchange specialist Currencies Direct.