Homes for sale in Brazil are in one of the worldââ¬â¢s only growing markets, according to the latest report from Global Property Guide.
The survey of house prices by the property portal, which analyses price indices from 44 countries around the world, found that in the third quarter of 2011, prices had dropped in 25 countries and increased in just 19.
26 housing markets performed more poorly during the year to the third quarter than last year, while only 18 countries performed better, the report explains, describing the overall market for global property as ââ¬Åweakââ¬Â during that quarter.
BRICs building success
Out of the few countries that saw positive changes, Brazil and India led the way. The two BRIC economies outstripped the rest of the world, with Indiaââ¬â¢s capital Delhi seeing a 22 per cent annual increase in house prices to the end of September.
Indiaââ¬â¢s other major cities also saw house prices rise, as the consumer price inflation rate remains high and overseas investors turn to the growing market to avoid the Eurozone.
Sao Paolo takes second place
But Brazilââ¬â¢s performance was equally spectacular.
In fact, Sao Paolo had the second highest house price rise in the world during the third quarter, according to the FIPE-Zap price index. The jump of 5.88 per cent capped off an impressive year, as values of Brazilian homes rose a total of 20.26 per cent from the same period in 2010.
Unlike India, Brazilââ¬â¢s boost is fuelled by the booming tourist industry. The World Cup in 2014 and the Olympics in 2016 are both drawing crowds to a country already popular with visitors looking for sand and sun. The result is a market that promises consistent demand throughout the coming years as investors and tourists turn the spotlight on South America.
Brazilââ¬â¢s
property industry remains one of the few areas of growth. Against the worldââ¬â¢s more fluctuating markets, it's certainly something of which to be proud.
Are you looking to buy property in Brazil ? Ceara , Sao Paulo , Ilha De Itamaracá , Florianópolis , Tangara Da Serra
Are you looking to rent property in Brazil ? Bahia , Belo Horizonte , Japaratinga
Author
Nick Marr
I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.