Brazilian FDI reaches $20bn
Foreign Direct Investment (FDI) in Brazil could reach $35 billion (£17.5 billion) by the end of the year, it is being claimed.
The Central Bank’s projection came following its announcement of figures that saw the volume of FDI generated in the first seven months of this year total $19.94 billion after inflow reached $3.24 billion last month, it has been reported by the ANBA.
Altamir Lopes, the head of the economic department at the Central Bank, highlighted the Brazilian property sector as one that is an indicator of rising FDI.
It was claimed last week by A Place in the Week Magazine that there are no restrictions to British investors buying property for sale in Brazil.
Richard Way, editor of the travel publication, said property in Brazil is all freehold so there is no leasing.
According to BuyAssociation, Brazilian property is attracting investors, retirees and those looking for holiday homes despite being relatively new on the international real estate-buying scene.
It claims Britons are attracted by the "diverse landscape, rich culture, idyllic climate and affordability" as the cost of living in Brazil is 20 per cent of what it is in the UK.
