Brazil real estate and construction ‘to boom’
Investment in Brazilian property and construction should grow by $328 billion (£165 billion) over the course of the next three years, it is being claimed.
The Brazilian Development Bank (BNDES) forecasts overall investment is likely to grow by 21 per cent during the period from 2008 to 2011, according to ANBA.
Addressing delegates at a meeting of the Council of Social and Economic Development, BNDES president Luciano Coutinho announced the forecasts saying the nation was on course to see growth of 18 per cent by the end of the year.
This could be interesting news for those considering buying property for sale in Brazil as it suggests growth in the sector.
Meanwhile, it was reported by the Brazzil Magazine last week that the International Congress and Convention Association has revealed the Latin American nation promotes more international events than any other South American country.
Overall Brazil ranked eighth in the global rankings for international event hosting.
