Why Brazil Real Estate Market Is Deemed Solid

  • 12 years ago
  • Uncategorized

New figures have found that Brazil remains one of the best
performing housing markets in the world. 
The South American country has long been one of the most popular
locations with overseas investors and prices continue to soar.

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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