Brazilian property building ‘expanding at rapid rate’
Brazilian property is continuing to attract the attention of international investors, thanks to the "great growth story" of the nation, according to an expert.
Growth stock investor Ian Wyatt, talking to istockanalyst.com, said that with Brazil’s economy expected to grow at twice the speed of the US, investors can expect greater profits in 2010.
Focussing on Brazilian property builder Gafisa, Mr Wyatt added that the firm has been operating in Rio de Janeiro and Sao Paolo for more than 50 years.
"The company has expanded at a rapid pace the last four years, branching out from exposure in just ten states and 16 cities to 21 states and 100 cities," he added.
Mr Wyatt also commented that with nearly 1,000 completed Brazilian property projects, Gafisa is working in a market which is going to benefit from favourable demographics, political incentive programs and a healthy domestic economy.
Anne Morddel, writing for Gringoes.com, said that living in Brazilian property changed her life, thanks to its stunning beaches and areas of outstanding beauty.
