Rising employment to encourage investment in Brazil?
Date added: 20th April, 2011 at 10:54
(view all articles from April, 2011)
Categories: Economy
People considering making an investment in Brazil may feel encouraged by new figures showing the country's employment rate is on the rise.
Experts have stated that increasing consumerism in Latin America's largest economy presents a good opportunity for speculators.
The population is becoming wealthier and individuals are more able to buy luxury goods, such as Brazilian property.
New numbers from the country's Institute of Geography and Statistics showing a fall in the unemployment rate and an increase in incomes may indicate that this trend is continuing.
In March, there were 10.7 million people in private sector jobs with formal contracts - up 7.4 per cent on the year before.
The unemployment rate fell to 6.5 per cent from 7.6 per cent 12 months previously, representing the lowest figure for the month of March since 2002.
Meanwhile, the average real income stood at R$1,557 (£604) per month, up 3.8 per cent compared with March last year and 0.5 per cent since February.
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of opportunities for investment in Brazil.
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Numbers of hotels for sale in Brazil to rise?
Hotel Interactive reported on the comments of senior vice-president of Lodging Econometrics Bruce Ford, who explained at the BITAC luxury event that the World Cup and the Olympic Games, which are soon to be hosted by the nation, will give the industry a boost.
"They have some tremendous events coming up in Brazil over the next several years … and they will need to build hotels and they will need to become more branded," he said.
In 2014, the World Cup will be played over 12 cities in the country, while the Olympics will be held in Rio de Janeiro in 2016.
Mr Ford said that developers' plans are "largely unannounced" at the moment but he predicted that 30,000 rooms could be under construction by the end of next year.
"The more branded that they become the more that banks are going to get interested, the more that international investors are going to get interested," he asserted.
Currently, there are around 11,000 rooms being built, the news provider noted, with another 15,000 more announced as part of new projects this year.
Hotel Interactive stated that changes in the Brazilian population may also be positive news for the sector.
Indeed, the Brazilian Institute of Geography and Statistics (IBGE) recently revealed that usual real income among its people had reached R$1,540.30 (£588.57) in February compared with R$1,485.94 at the same point a year earlier, representing a 3.7 per cent annual increase.
This may reflect the increasing number of individuals in work in the country, as the figures also showed the unemployment rate dropped to 6.4 per cent last month, compared with 7.4 per cent 12 months previously.
In February, there were around 10.7 million people with jobs with formal contracts – a 6.9 per cent rise on statistics from a year earlier, or an extra 687,000 roles.
Other positive changes in Brazil reflected in statistics from the IBGE include a 1.2 per cent increase in retail sales in January compared with the month before, the ninth hike seen in as many months.
Meanwhile, nominal revenue in the sector grew by 1.1 per cent, rising for the 13th consecutive month....
Date added: 31st March, 2011 at 10:03
(view all articles from March, 2011)