Brazil property market "red-hot"
Date added: 18th May, 2011 at 10:04
(view all articles from May, 2011)
Categories: Economy
Property in Rio de Janeiro is likely to be a sound investment as one publication has described the market as being "red-hot".
The Financial Times explained that since the police were able to make the city more peaceful, its property sector has gone from strength to strength.
This reflects overall trends within Brazil's economy, which is also performing well.
"Property prices are soaring, consumer credit is booming and bank profits swelling," the news provider continued.
Juan Sousa Silva, director of a youth group in the Santa Marta area of Rio de Janeiro called Grupo Eco, explained that he had noticed house prices going up.
While a home cost R$20,000 (£7,629) three years ago, he said they no longer go for less than R$50,000.
The Brazilian economy is also being driven by high commodity prices and "surging foreign fund inflows", the publication added.
This comes after John Lappin noted in another Financial Times article that it makes sense for individuals to increase the funds they wager on the country's stocks.
Property Bond International Ltd was established in 2003 to help overseas buyers purchase Brazilian Property Investments. A free personal search service is also offered whereby clients specify exact requirements and properties are searched for. Property Bond also offer a consultancy service for clients or businesses wishing to enter into Brazil to make contact with product suppliers or purchase other investments, rent offices. - see www.brazilianassets.com
Related Articles
Santander 'to focus on Brazilian property'
Date added: 17th May, 2011 at 13:34
(view all articles from May, 2011)
Investment in Brazil 'makes sense'
Date added: 16th May, 2011 at 15:00
(view all articles from May, 2011)
Affordable housing projects 'not the only way to invest in Brazil'
Date added: 13th May, 2011 at 09:53
(view all articles from May, 2011)