Brazil real estate ‘increasingly attractive to global retailers’
Emerging markets are becoming an increasingly attractive option for global retailers in the recession, as the likes of Brazil real estate has become more affordable, according to a new report.
The South American country is one of the top ten most appealing locations for investment, management consulting firm A T Kearney’s Global Retail Development Index shows.
"With economic conditions in developed markets improving so slowly, emerging markets are becoming much more important sources of growth for global retailers," said Hana Ben-Shabat, a partner at A.T. Kearney and co-leader of the study.
Gross domestic product in emerging markets is expected to continue to grow, while prime real estate in countries such as Brazil is becoming more available and affordable.
The South American is one of the larger, more resilient developing countries likely to lead the global economy out of recession, the report says.
Meanwhile, research by Accenture suggests that global insurance companies are targeting emerging markets, which could make it easier for Brazilian property investors to get a policy covering their accommodation.
