Expected housing shortage makes Brazil "attractive" for property investment

Date added: 2nd December, 2008 at 09:10 (view all articles from December, 2008)

Categories: Villas

Predictions that there will be a housing shortage in Brazil in the near future, as well as a rise in the middle class, make the country one of the top "hotspots" for property investment at the moment, it has been claimed.

Obelisk's Alison Kane submitted an article to Nubricks in which Brazil was picked out as the "more attractive" option for overseas property investors looking for opportunities in Latin America.

The piece challenged claims that nearby Colombia is on the verge of an property investment boom, stating that violence and corruption make the country a risky prospect.

Brazil on the other hand has a well-established property investment market and recent projections from publications such as the Economist could mean its success story is set to continue over the long-term, it added.

According to the Nubricks article, "it has one of the most rapidly expanding middle classes in the world and it is also forecast to have a massive housing shortage in the years to come".

Last year, Euromonitor archive reported that average disposable income in Brazil rose by 3.1 per cent in real terms between 2002 and 2006.

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