Property in Brazil "hot on the radar" for investors
Date added: 7th October, 2008 at 09:53
(view all articles from October, 2008)
Categories: Economy, Villas, Hotels, Islands
Investment in Brazil is on the agenda for a number of property buyers seeking to expand their portfolios, an expert has suggested.
Chintan Mahida of Nubricks.com claimed the country "is hot on the radar at present" because foreign companies are investing lots of money in it, which creates more jobs and stimulates demand for property.
She said that as one of the four BRIC countries, which are expected to become the biggest economies in the world in the future, it is reasonable to assume that property prices will increase, based on trends observed in the US.
"Investors seek out markets where rental returns are good and properties provide good cash flow," Ms Mahida remarked of Brazil's appeal.
The four BRIC countries are Brazil, Russia, India and China, which have been grouped together as rapidly developing nations with huge potential for growth.
Between them they cover more than 25 per cent of the world's land and contain more than 45 per cent of the global population. Their combined gross domestic product (GDP) is measured at $15.435 trillion (£8.8 trillion).
Brazil on its own produces $1.8 trillion GDP and comparing this on a world scale; UK produces $2.1 trillion, USA produces $13.8 trillion and China produces $6.9 trillion.
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