Brazil property market 'offers room for investors during economic slowdown'

Date added: 28th November, 2008 at 13:43 (view all articles from November, 2008)

Categories: Economy, Villas

While the global economic slowdown has affected property investment around the globe, Brazil still offers good opportunities, particularly for larger investors.

At least this is the suggestion of Neil Cable, Fidelity International's head of real estate.

According to Property Week, Mr Cable said he keeps expecting to see that people "have lost the shirt off their backs" in some countries; however, this does not apply to "property exotica" market Brazil, where there is still room for investors to do well.

The latest report from the UN Conference on Trade and Development revealed that Brazil received the 14th largest amount of foreign direct investment over the last year, the Financial Times reported.

Overseas investors pumped $35 billion (£22.7 billion) into the country during the 12-month period, placing it ahead of fellow BRIC country India, which received $23 billion.

By comparison, the US received $233 billion, the UK $224 billion and China $84 billion.

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