International investment expert tips Brazilian property

Date added: 28th April, 2008 at 13:23
(view all articles from April, 2008)

Categories: Apartments

An international investment expert has suggested that the Brazilian property market could be a good target for people looking to weather the current global economic slowdown.

Amy Lauren Young, a senior analyst at REI, told the investmentnews.com site, that many investors were now looking to the high-growth areas of the world, such as Brazil, for their next purchases.

In particular, Ms Young suggested that rural workers were increasingly migrating to larger cities, fuelling demand for property.

As a result, the expert suggested that that there is a housing shortage of eight million units in Brazil at the moment and that the canny investor could profit from this situation.

"As people have been growing their income levels, they're moving to urban markets from the rural communities," she told the site.

"So there's a need to house these people who are moving into Sao Paulo, Rio [de Janeiro] and other cities like that."

Rhiannon Davies, director of international property advisors Amberlamb, recently said that investors "could win" if they opted for emerging markets, such as the North-East of Brazil.

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