Brazilian property could have ‘great profitability’
People who invest in Brazilian property may find that the investment is harder to begin with, but the effort will pay rewards, a columnist has claimed.
Charles Davies, writing for the Metro Edmonton, said that investing in BRIC counties – Brazil, Russia, India and China – carries more risk than staying with well-known US markets, but "with great risk comes the prospect of great profitability".
He said that people could be put off buying Brazilian property due to the language barrier and different laws regarding the investment, but pointed out that there could be more to gain.
"Do you continue to rely on the good old US market … Or do you diversify and follow the yellow (as in golden) BRIC road, where there are perils aplenty, but chances of huge growth?" he added.
The expert also pointed out that the US is to see general domestic product growth of three per cent, if lucky, this year, while Brazil is expected to experience 4.8 per cent.
Mr Davies’ comments follow research from the Royal Institute of Chartered Surveyors, which found that estate agents in Brazil are more confident than those across the rest of the US.
