Brazil’s Property Market is an Olympic Proposition

  • 15 years ago
  • Uncategorized
Brazil’s proposition as one of the world’s most attractive overseas property investment hotspots certainly took a huge boost since it was awarded the 2016 Olympics. International real estate agents and related industries are responding with new services targeting overseas buyers who are attracted to the Brazilian Olympic effect.  
Brazil Property Specialist, Colordarcy have seen Brazilian property enquiries increase by 60%, since the Olympic announcement. The company has responded by launching a consultancy service to help clients to source the best real estate deals in Rio de Janeiro.
Currency exchange firm Moneycorp told Homes Overseas that it has now launched a service converting sterling to Brazilian reals in response to a rise in interest, which it notes has also been boosted by the country hosting the 2014 football World Cup.
The firm said that in August there was a 57 per cent jump in enquiries about the country in August alone – a situation arising before the Olympic decision.
Commenting on the development, Moneycorp’s Brazilian Real account manager Deane Rowe said: “We are delighted to launch the Brazilian Real Service to help our clients get the best deal possible when looking to invest in Brazil.
Those considering Brazil as a place to buy international real estate may be interested in the views of world property guru Sam Zell who declared a couple of months ago that Brazil is the ‘number one country in the world for investments.
Zell, regarded as one of the wisest voices in the global real estate industry, has spoken extensively about the benefits of investing in real estate in Brazil. He has pointed out that it is a country with a shortage of affordable housing and infrastructures that support foreign investment.
He said recently that Brazil is self-sufficient, has a strong pool of skilled professionals and otherwise unlimited resources. It also offers scale, he said, and described how Equity International-owned malls have seen 12% growth over the past year.
‘If you look at all of the facts, I don’t think there is a better environment in the entire world than Brazil,’ said Zell, who has also suggested that the country could surpass China in economic might in 30 years.
It seems that Brazils Olympic hosting will only serve to make Brazil an even stronger proposition
For a consulation with Colordarcy Investment ring +44 (0) 207 100 2393

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