Brazilian property 'one of the most popular overseas investment opportunities'
Date added: 20th June, 2011 at 10:09
(view all articles from June, 2011)
Categories: Economy, Tourism, Property News, Olympics 2016, World Cup 2014
Brazilian property is a popular investment opportunity, it has been claimed, with many people attracted by the country's strengthening economy.
Paul Collins, editor at real estate magazine BuyAssociation, explained that the nation's gross domestic product (GDP) is on the rise, while the tourism industry is also expected to perform well.
Indeed, the country's Office for Geography and Statistics recently reported that GDP grew 1.3 per cent in the first quarter of 2011, resulting in a year-on-year increase of 4.2 per cent.
"[Brazil] is one of the top investment destinations at the moment for overseas property," the expert said.
"The opportunities for inbound tourism and to rent out anything that you might buy [are] very, very strong," he added.
Mr Collins noted that Brazil's economy is predicted to be the fifth largest in the world by the time the country has hosted the 2014 World Cup and 2016 Olympic Games.
This suggests that the nation's expansion is stable, he argued, stating that fiscal policy has successfully mitigated the effects of the global recession.
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
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