Analyst tips investment in Brazilian property
Date added: 10th April, 2008 at 14:50
(view all articles from April, 2008)
Categories: Apartments
A senior investments specialist has suggested that more people should consider investing in Brazilian property in the wake of the global economic slowdown.
Market analyst James Gonzalez explained that property was a sensible investment option at the time, as the stock markets in the US and UK were currently unstable.
In particular, Mr Gonzalez suggested that investing in property in Brazil was an excellent option.
"Brazil is widely viewed by international investors as a safe haven from the sub-prime mortgage world," he explained.
"Since 2002, the world financial markets were convinced that Brazil was to follow Argentina down the road to default. However, the global financial markets are now in complete awe of the economic stability, which has rolled into the Brazilian housing market."
What's more, Mr Gonzalez said that the recent discovery of oil reserves in Brazil mean that the country "can in fact stand on its own two feet" and should remain a good place to invest in property.
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