Why Brazil Real Estate Market Is Deemed Solid

So, if you’re looking to secure good capital growth on your overseas property, have you considered buying in Brazil?  Keep reading to find out why.

Little sign of Brazil’s boom coming to an end

The latest worldwide survey of house price indices from the Global Property Guide revealed that property prices in Sao Paolo, Brazil rose by almost one fifth in 2011.  The report also found that the city was also one of only a handful which saw house prices rise in the fourth quarter, as they increased by 3.9 per cent.

Matthew Montagu-Pollock, editor of Global Property Guide, said: “The strong performance of Brazil's property market reflects several factors, including a very strong domestic economy, which remarkably experiences very little exposure to global economic fluctuations.

“Many people have forecast that Brazil's boom will come to an end, but there is little sign of that happening at the moment.”

Brazil ‘rising up the property ranks’

A buoyant economy, great weather, a low cost of living and the forthcoming Olympics and FIFA World Cup have made Brazil increasingly popular with foreign property buyers.  This is particularly true when compared to the weak performance of the housing markets in many European nations.

Dean Thomas, property developer in Brazil, added: “In contrast with this trend, Brazil is definitely rising up in the property ranks. Having overtaken the UK to become the sixth-largest economy in the world and with the minimum wage of the Brazilian population rising by around 10 per cent in 2011 domestic tourism and consumption has been heightened throughout the country.”

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