Brazil 'is looking good' for property investors
Date added: 6th May, 2009 at 09:22
(view all articles from May, 2009)
Categories: Property News
In good news for those considering a property investment in Brazil, statistics for April released by the Economic Commission for Latin America and the Caribbean have shown that the country's economy remains strong despite the global economic problems.
The stock market was found to be "buoyant", exports increased by 15 per cent and there was a "healthy" trade surplus, which market analyst James Gonzalez said is making the Latin American country an attractive prospect for investors.
Not only this, but the large reserves of oil that continue to be discovered are providing a strong basis for increased production and increased business interest.
"Things are certainly looking very good for Brazil at the moment. Brazil is the exception to the rule and this tendency looks set to continue for the rest of the year," Mr Gonzalez commented.
Earlier this month, Mark Scott of Business Week - writing for the Economic Times - also opined that Brazil is a good place to purchase property since it is likely to enter a period of sustained economic growth.